Risk analysis explores the degree to which an asset needs protecting so this can be managed effectively. Risk analysis indirectly supports the security expenditure, but justifying the security expenditure is not its primary purpose. Helping businesses prioritize the assets to be protected is an indirect benefit of risk analysis, but not its primary purpose. Informing executive management of residual risk value is not directly relevant.

Self-assessments provide the best feedback on readiness and permit identification of items requiring remediation. Directing regulators to a specific person or department, or assessing previous reports, is not as effective. The legal department should review all formal inquiries but this does not help prepare for a regulatory review.

Section: INFORMATION SECURITY PROGRAM DEVELOPMENT
Explanation:
By centralizing security management, the organization can ensure that security standards are applied to all systems equally and in line with established policy. Sanctions for noncompliance would not be the best way to correct poor management practices caused by work overloads or insufficient knowledge of security practices. Enforcement of policies is not solely the responsibility of IT management. Periodic compliance reviews would not correct the problems, by themselves, although reports to management would trigger corrective action such as centralizing security management.

Section: INFORMATION SECURITY PROGRAM DEVELOPMENT