ACME Tech, an international software development company, has failed a recent audit due to not keeping adequate records of its European users' data activities. As a security manager, what is the most immediate action to take to rectify this situation and prevent substantial financial repercussions from European regulatory authorities?
Deploy an updated firewall and intrusion prevention system to better protect the perimeter of the corporate network.
Initiate a comprehensive review of the company's physical and electronic access controls.
Arrange an immediate security training session for the development team to reinforce best practices in secure coding.
Correct the record-keeping deficiencies to conform to the data protection standards set forth by European authorities.
When dealing with international data protection standards, maintaining accurate records of user data activities is a legal requirement. If an organization fails to do so, especially within territories governed by strict data protection laws, it risks facing considerable economic sanctions. In this context, the priority after such an audit finding is to ensure that these records are immediately addressed and brought into compliance with the legislation to avoid any impending penalties. Failure to do so could lead to significant fines. The incorrect options, while potentially beneficial to the organization's overall security posture, do not directly address the urgent compliance issue related to record-keeping and the direct threat of fines.
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What are the data protection standards set forth by European authorities?
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What are the potential penalties for failing to comply with data protection regulations?
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How can ACME Tech improve its record-keeping processes to ensure compliance?