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Identify the MOST accurate proactive cybersecurity measure for an accounting function handling Ind AS financial data, per the chapter.
ADisable encryption for stored data to ease performance during month-end close
BAllow shared user IDs to enable seamless collaboration on consolidated reporting
CEnforce strong passwords, encryption at rest and in transit, role-based access control, network segmentation, regular employee training, periodic encrypted backups and a documented incident-response plan
DStore all backups on a single on-site server to ensure rapid recovery in any incident
Answer & Solution
Correct answer: C. Enforce strong passwords, encryption at rest and in transit, role-based access control, network segmentation, regular employee training, periodic encrypted backups and a documented incident-response plan
The chapter lists password management, encryption, access control, network security, employee training, regular data backups and incident response planning as proactive measures. Shared IDs (A) defeat access control; disabling encryption (B) breaches Section 4.2(b); single on-site backups (D) defeat the purpose of disaster recovery.
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