The Chief Executive Officer (CEO) of a small startup company has an urgent need for a security policy and assessment to address governance, risk management, and compliance. The company has a resource- constrained IT department, but has no information security staff. The CEO has asked for this to be completed in three months.
Which of the following would be the MOST cost-effective solution to meet the company’s needs?
- Select one of the IT personnel to obtain information security training, and then develop all necessary policies and documents in-house.
- Accept all risks associated with information security, and then bring up the issue again at next year’s annual board meeting.
- Release an RFP to consultancy firms, and then select the most appropriate consultant who can fulfill the requirements.
- Hire an experienced, full-time information security team to run the startup company’s information security department.
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