Complying with New Security Incident Reporting Regulation | IS Auditor's Recommendation

Facilitating Compliance with New Security Incident Reporting Regulation

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Question

A new regulation requires organizations to report significant security incidents to the regulator within 24 hours of identification.

Which of the following is the IS auditor's BEST recommendation to facilitate compliance with the regulation?

Answers

Explanations

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A. B. C. D.

A.

The new regulation requiring organizations to report significant security incidents to the regulator within 24 hours of identification imposes a time-sensitive requirement. To facilitate compliance with the regulation, the IS auditor's best recommendation would be to ensure that the incident response process is streamlined and efficient.

Option A: Including the requirement in the incident management response plan is a good recommendation. An incident response plan should outline the procedures for identifying, investigating, and reporting security incidents. It should also identify the individuals responsible for reporting incidents to the regulator. If the requirement is included in the incident management response plan, the organization will have a structured approach to incident handling, which will help to ensure that all relevant incidents are reported to the regulator within the required timeframe. Therefore, option A is a valid recommendation.

Option B: Establishing key performance indicators (KPIs) for timely identification of security incidents is also a good recommendation. KPIs can help to track and measure the effectiveness of the incident response process. By setting specific metrics, such as the time to detect and report a security incident, the organization can monitor its compliance with the new regulation. However, while KPIs are useful, they do not provide a structured approach to incident handling, so they should be used in conjunction with an incident management response plan. Therefore, option B is a valid recommendation, but it should be combined with option A.

Option C: Enhancing the alert functionality of the intrusion detection system (IDS) is a good recommendation. An IDS can help to detect security incidents, and if it has better alerting functionality, it can help to ensure that incidents are identified and reported promptly. However, an IDS is only one component of the incident response process, and it cannot replace a well-defined incident management response plan. Therefore, option C is a valid recommendation, but it should be combined with options A and B.

Option D: Engaging an external security incident response expert for incident handling is not the best recommendation in this scenario. While external experts can provide valuable assistance during incident handling, they are not a substitute for an internal incident response process. Moreover, engaging external experts can be costly and may not be necessary if the organization has a well-defined incident management response plan. Therefore, option D is not the best recommendation in this scenario.

In summary, the IS auditor's best recommendation to facilitate compliance with the new regulation would be to include the requirement in the incident management response plan, establish KPIs for timely identification of security incidents, and enhance the alert functionality of the IDS.