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In a scenario where you are required to classify data based on regulatory compliance requirements, which of the following approaches would be most effective? Consider the types of data (e.g., PII, financial records) and the jurisdictions involved (e.g., GDPR, HIPAA).
Explanation:
Option C provides a balanced approach that ensures compliance with specific regulations without overly restricting data usability. A tiered classification system allows for tailored approaches to different data types and jurisdictions, which is essential for managing regulatory complexities.