You are leading a software development project to create a new mobile application for a client in the healthcare industry. As the project progresses, you identify a significant risk related to data security and privacy concerns. The client's industry is highly regulated, and any breach of patient data could lead to severe legal and reputational consequences for both the client and your development team.How would you adapt your risk management approach to address the data security and privacy concerns associated with the project? What specific actions would you take to mitigate these risks throughout the project lifecycle? Additionally, how would you ensure ongoing monitoring and communication of these risks to stakeholders to maintain transparency and ensure proactive risk