ISDS 351 Exam 2 Questions and Answers 100% Pass

ISDS 351 Exam 2 Questions and Answers 100% Pass What is IT Governance? - Correct Answer ️️ -A framework that ensures that information technology decisions are made while taking into account a business' goals and objectives. Why is corporate governance important today - Correct Answer ️️ -Corporate governance is intended to increase the accountability of your company and to avoid massive disasters before they occur Who are responsible for governance - Correct Answer ️️ -such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders What are the goals of IT governance - Correct Answer ️️ -(1)ensuring that an organization achieves good value from its investments in IT and (2)mitigating IT-related risks Regulations for Compliance - Correct Answer ️️ -1. bank secrecy act 2. basel II accord 3. california senate bill 1386 4. european union data protection directive 5. federal information security management act 6. foreign account tax compliance act 7. foreign corrupt practices act 8. gramm-leach-bliley act 9. health insurance portability and accountability act (HIPAA) 10. Payment card industry data security standard 11. personal information protection and electronic documents act (Canada) 12. sarbanes-Oxley act 13. USA PATRIOT act Bank Secrecy Act - Correct Answer ️️ -Detect and prevent money laundering by requiring financial institutions to report certain transactions to government agencies and to withhold from clients that such reports were filed about them Basel II Accord - Correct Answer ️️ -Create international standards that strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector California Senate Bill 1386 - Correct Answer ️️ -Protect against identity theft by imposing disclosure requirements for businesses and government agencie