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The first activity that should be performed when the time required to complete daily processing for a legacy application is approaching a risk threshold is to conduct a root-cause analysis. This will help to identify the source of the problem and the factors that are contributing to the increased processing time. By conducting a root-cause analysis, the enterprise can determine the most appropriate and effective solution to address the problem and prevent it from recurring. Temporarily increasing the risk threshold, suspending processing to investigate the problem, and initiating a feasibility study for a new application are not the first activities that should be performed, as they may not resolve the underlying issue and may introduce additional risks or costs. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 4, Section 4.2.1.2, page 193.

Data processing is the activity of collecting, organizing, transforming, and analyzing data to produce useful information for decision making or other purposes12.

The role of the internal IT team in this situation is data processors, which are the people or entities that process data on behalf of the data controllers, who are the people or entities that determine the purposes and means of the data processing34.

Data processors are the role of the internal IT team because they are responsible for managing information through the applications that are used by the organization, and they act under the instructions and authority of the organization, which is the data controller34.

Data processors are also the role of the internal IT team because they have to comply with the data protection laws and regulations that apply to the data processing, and they have to ensure the security and confidentiality of the data34.

The other options are not the role of the internal IT team, but rather possible roles or terms that are related to data processing. For example:

Data custodians are the people or entities that have physical or logical control over the data, and they are responsible for implementing and maintaining the technical and administrative safeguards to protect the data56. However, this role is not the role of theinternal IT team because it is a subset or function of the data processor role, and it does not reflect the full scope of the data processing activities that the internal IT team performs56.

Data owners are the people or entities that have legal rights or authority over the data, and they are responsible for defining and enforcing the policies and rules for the data access, use, and quality . However, this role is not the role of the internal IT team because it is a different or separate role from the data processor role, and it does not reflect the relationship or agreement between the organization and the internal IT team . References =

1: Data Processing - Wikipedia1

2: Data Processing: Definition, Steps, and Types2

3: Data Controller vs Data Processor: What’s the Difference?3

4: Data controller vs data processor: What are the differences and responsibilities?4

5: Data Custodian - Wikipedia5

6: Data Custodian: Definition, Role & Responsibilities6

Data Owner - Wikipedia

Data Owner: Definition, Role & Responsibilities

 It is most important for a risk practitioner to have an awareness of an organization’s processes in order to identify potential sources of risk, as this enables the risk practitioner to understand the objectives, activities, resources, dependencies, and outputs of the processes, and how they may be affected by internal or external factors that create uncertainty or variability. Identifying potential sources of risk is the first step in the risk identification process, which aims to find, recognize, and describe the risks that could affect the achievement of the organization’s goals. The other options are not the most important reasons for a risk practitioner to have an awareness of an organization’s processes, although they may be related or beneficial aspects of it. Performing a business impact analysis is a part of the risk analysis process, which aims to understand the nature and extent of the risks and their consequences on the organization’s objectives and functions. Establishing risk guidelines is a part of the risk governance process, which aims to define and communicate the risk management principles, policies, and roles across the organization. Understanding control design is a part of the risk response process, which aims to select and implement the appropriate actions to modify the risk level or achieve the risk objectives. References = Risk and Information Systems Control Study Manual, Chapter 2: IT Risk Identification, page 47.

 The primary purpose of a business impact analysis (BIA) is to evaluate the priority of business operations in case of disruption. A BIA is a process that identifies and analyzes the potential effects of various types of disruptions on the enterprise’s critical business functions and processes. A BIA helps to determine the recovery objectives, such as the recovery time objective (RTO) and the recovery point objective (RPO), for each business operation, based on the impactof disruption on the enterprise’s objectives, reputation, compliance, and stakeholders. A BIA also helps to identify the dependencies, resources, and interdependencies of the business operations, and to rank them according to their importance and urgency. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 2, Section 2.2.1, page 671