Which of the following is the best definition of privacy management?

A process of evaluating real threats while considering the tradeoff between risk and benefit

The process of protecting the rights and obligations of individuals and organizations with respect to the collection, use, disclosure, and retention of personal information

A process of controlling systems throughout their life cycle to make sure they are operating as intended in accordance with security policies and standards

A targeted, concise, and technical review of information systems and vulnerabilities to determine risk