CIPM Exam Dumps : Certified Information Privacy Manager (CIPM)

Rationalizing requirements is an organizational approach that involves identifying and harmonizing the common elements of different privacy regulations and standards. This can make compliance easier and more efficient, as well as reduce the risk of conflicts or gaps in privacy protection. Rationalizing requirements can also help to create a consistent privacy policy and culture across different jurisdictions and business units. References: CIPM Study Guide, page 23.

The United States federal law that requires financial institutions to declare their personal data collection practices is the Gramm-Leach-Bliley Act (GLBA) of 1999. The GLBA is also known as the Financial Services Modernization Act or the Financial Modernization Act10 The GLBA regulates how financial institutions collect, use, disclose, and protect the nonpublic personal information of their customers11 The GLBA requires financial institutions to provide a privacy notice to their customers that explains what kinds of information they collect, how they use and share that information, and how they safeguard that information12 The GLBA also gives customers the right to opt out of certain information sharing practices with third parties13

The other options are not US federal laws that require financial institutions to declare their personal data collection practices. The Kennedy-Hatch Disclosure Act of 1997 is a proposed but not enacted legislation that would have required health insurers to disclose their policies and practices regarding the use and disclosure of genetic information14 SUPCLA, or the federal Superprivacy Act of 2001, is a fictional law that does not exist in reality. The Financial Portability and Accountability Act of 2006 is also a fictional law that does not exist in reality, although it may be confused with the Health Insurance Portability and Accountability Act (HIPAA) of 1996, which regulates the privacy and security of health information15 References: 10: Gramm-Leach-Bliley Act | Federal Trade Commission; 11: Financial Privacy | Federal Trade Commission; 12: Financial Privacy | Federal Trade Commission; 13: Financial Privacy | Federal Trade Commission; 14: S. 422 (105th): Genetic Information Nondiscrimination in Health Insurance Act of 1997; 15: Health Information Privacy | HHS.gov

If this were a data breach, it is likely to be categorized as a confidentiality breach. A confidentiality breach is a type of data breach that involves unauthorized or accidental disclosure of or access to personal data. A confidentiality breach violates the principle of confidentiality, which requires that personal data is protected from unauthorized or unlawful use or disclosure. A confidentiality breach can occur when personal data is exposed to unauthorized parties, such as hackers, competitors, or third parties without consent. A confidentiality breach can also occur when personal data is sent to incorrect recipients, such as by email or mail.

The other options are not likely to be the correct category for this data breach. An availability breach is a type of data breach that involves accidental or unauthorized loss of access to or destruction of personal data. An availability breach violates the principle of availability, which requires that personal data is accessible and usable by authorized parties when needed. An availability breach can occur when personal data is deleted, corrupted, encrypted, or otherwise rendered inaccessible by malicious actors or technical errors. An authenticity breach is a type of data breach that involves unauthorized or accidental alteration of personal data. An authenticity breach violates the principle of authenticity, which requires that personal data is accurate and up to date. An authenticity breach can occur when personal data is modified, tampered with, or falsified by malicious actors or human errors. An integrity breach is a type of data breach that involves unauthorized or accidental alteration of personal data that affects its quality or reliability. An integrity breach violates the principle of integrity, which requires that personal data is complete and consistent with its intended purpose. An integrity breach can occur when personal data is incomplete, inconsistent, outdated, or inaccurate due to malicious actors or human errors. References: Personal Data Breaches: A Guide; Guidance on the Categorisation and Notification of Personal Data Breaches