Final answer:
The question pertains to the control frameworks in organizations designed to manage risks through policies, procedures, and activities, which are updated as new challenges like cyberbullying and identity theft emerge.
Step-by-step explanation:
The subject addressed in the question is related to the control framework used within organizations to manage risks. These policies, procedures (both manual and automated), and activities are established to ensure that organizational risks are effectively managed and maintained within a tolerable level. As organizations face new challenges, such as cyberbullying and identity theft, they need to constantly update and revise these rules to adequately protect their interests and maintain regulatory compliance. An example of such a set of rules can be found in a college or university's Student Handbook, which serves as a written and standardized set of guidelines for students.