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MANAGEYOURRISK Cyber Self Assessment According to Protecting Personal Information A Guide for Business,1 a sound data security plan is built on five key principles: Take stock Know what personal information
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The 5 key principles refer to a set of fundamental guidelines or practices that assist organizations in ensuring effective governance, compliance, and operational efficiency.
Organizations, regulatory bodies, or individuals involved in specific industries may be required to file adherence to the 5 key principles to maintain compliance with regulations or standards applicable to their sector.
To fill out the 5 key principles, organizations should evaluate their current practices against the principles, document their processes, and report on how they align with each principle, providing evidence or examples where applicable.
The purpose of the 5 key principles is to promote best practices, enhance accountability, ensure transparency, and support operational effectiveness within organizations.
Information that must be reported includes the organization's adherence to each principle, any challenges faced, actions taken to align with the principles, and measurable outcomes of implementing these principles.
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