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Based on ... The core components of a policy framework are:

  1. Appointment of individuals who have the authority to approve policies and their associated responsibilities
  2. Determination of the consequences for failing to comply with given policies
  3. Definition of a process for handling exceptions to policies
  4. Definition of a method for measuring and monitoring compliance with policies
  5. Definition of the scope of the policy and the group of stakeholders that has to follow the policy

COBIT

NIST

COSO

Explanation

Developing Information Security Policy

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