CISM · Question #615
An organization plans to implement a new e-commerce operation in a highly regulated market. Which of the following is MOST important to consider when updating the risk management strategy?
The correct answer is A. Compliance requirements. In a highly regulated market, compliance requirements are the most critical consideration when updating the risk management strategy, as non-compliance can lead to legal penalties, reputational damage, and operational disruption.
Question
An organization plans to implement a new e-commerce operation in a highly regulated market. Which of the following is MOST important to consider when updating the risk management strategy?
Options
- ACompliance requirements
- BOutsourcing needs
- CStrategy of industry peers
- DBusiness culture
How the community answered
(53 responses)- A64% (34)
- B11% (6)
- C6% (3)
- D19% (10)
Explanation
In a highly regulated market, compliance requirements are the most critical consideration when updating the risk management strategy, as non-compliance can lead to legal penalties, reputational damage, and operational disruption.
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