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A security architect is working with a project team to deliver an important service that stores and processes customer banking details. The project, internally known as ProjectX, is due to launch its first set of features publicly within a week, but the team has not been able to implement encryption-at-rest of the customer records. The security architect is drafting an escalation email to senior leadership. Which of the following BEST conveys the business impact for senior leadership?
Business Combination
A transaction or event in which an acquirer gains control over one or more businesses.
Subsidiary Dissolved
The process of legally dissolving a subsidiary company, involving the winding up of its operations and distribution of its assets.
Subsidiary Incorporation
The process of legally establishing a subsidiary corporation, which then becomes an entity separate from the parent company.
Statutory Merger
A merger in accordance with specific laws where one company survives and the absorbed company ceases to exist.
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