Passed Exam Today CIPM

The metric life cycle is a process that involves collecting, accessing, analyzing, reporting, and destroying data. These aspects are essential for measuring the performance and effectiveness of privacy programs. References: IAPP CIPM Study Guide, page 14.

Comprehensive and Detailed Explanation:

While privacy laws require appropriate technical security controls, most laws do not specify exactly which controls must be used. Instead, they mandate organizations to adopt "appropriate technical and organizational measures".

Option A (Part of data governance strategy) is correct because security controls support data protection and privacy governance.

Option B (Often satisfy multiple jurisdictions) is correct since common security measures (e.g., encryption, access controls) align with various privacy regulations.

Option D (Security expert involvement) is correct because deploying security controls requires specialized knowledge.

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