The primary purpose of an incident reporting procedure in an organization is to identify and address security incidents. This process is essential for recognizing and responding to events that could potentially harm the organization's information security. Incident reporting helps in containment and recovery, minimizing the impact of security breaches.

Phishing simulations are commonly used by organizations to test the effectiveness of their security awareness training. They simulate phishing attacks to see how well employees can recognize and respond to phishing attempts.

In a PKI system, the private key is used to sign a message, providing proof of the sender's identity and ensuring data integrity. The public key is used to verify the signature, allowing recipients to confirm the sender's identity and data authenticity.

IPsec uses ESP, the Encapsulating Security Payload, to provide both data integrity and confidentiality. ESP encapsulates the original packet and adds encryption and integrity checks.

The process in which an operating system ensures that an application only accesses the resources necessary for its legitimate purpose is called "Sandboxing." Sandboxing is a security mechanism that isolates applications, preventing them from making unauthorized changes to a system or accessing resources they shouldn't. It enhances security by containing potentially harmful processes.

A "zero-day" vulnerability is one that's undisclosed to the software or hardware vendor, meaning there are no patches or fixes available. It's called "zero-day" because it's effectively day zero of the vendor's awareness.

The correct answer is the "Gramm-Leach-Bliley Act." This law mandates financial institutions to disclose their information-sharing practices and safeguard customers' private data.

In the context of Content Security Policy (CSP), the 'nonce' attribute is used to prevent Cross-Site Scripting (XSS) attacks. It allows a server to generate a unique cryptographic nonce for each page load. The nonce is included in the CSP header, and the browser only executes scripts with a matching nonce, effectively blocking any unauthorized scripts from running on the page.

In penetration testing, a "Black Box" test is when the tester has no prior knowledge of the system, simulating an external attacker's approach.

The correct answer is "Log." A log contains detailed data about events and incidents, aiding in incident response, forensics, and post-incident analysis.