Does every data breach need reporting? Do we need to report each data breach no matter its size, relevance, and success – or failure, in that case? To know what to, keep on reading.
Does Every Data Breach Need Reporting?
Yes, data breach notification is a must. Every business that suffered a data breach must notify the affected persons as soon as possible. What is a data breach notification?
Data breach notification is the process of notifying the affected individuals and authorities about a data breach incident. The goal of data breach notification is to inform the victims that their information has been compromised and to advise them of appropriate mitigating actions to take.
Data breach notification is crucial for many reasons. First, it informs the victims of what happened and teaches them how to protect themselves in the future. Second, it allows the authorities to act to minimize further damage, or investigate the case and punish those responsibly. On top of that, data breach notification also helps to prevent further identity theft or fraud due to compromised information.
However, there are cases in which this may not be necessary. For example, if a company suffered a data breach that affected 100 out of 1 million customers but it did not disclose sensitive information, it might not be necessary to notify all users about that data breach.
On the other hand, if a data breach caused stolen customer databases, this should be reported. That is regardless whether it discloses sensitive information or not, since they can even use customer names to perpetrate identity theft or fraud.
How to Do a Reporting
How do you report a data breach, then? The first thing to do is to identify if the incident occurred because of an internal or an external party.
Is the data breach caused by an internal party, like an employee, contractor, or supplier? Or is it caused by an external party?
In case you identify that the data breach is caused by an internal party, you need to determine whether the company has a data breach response plan in place or not. If yes, then you will have to follow the plan and notify the authorities about the incident as soon as possible. But if not, then you will have to develop a data breach response plan to notify the authorities and affected individuals about the incident.
If the data breach was by an external party, then you must follow certain steps to report it properly. First, you will have to determine whether or not your company is required to report this incident. Second, make sure that all relevant parties have been notified and that they have taken appropriate action (like changing their passwords). Finally, notify your state’s attorney general about the incident and provide them with all necessary information regarding the incident.
In doing so, you will be able to report the incident and minimize further damage. Moreover, you will also ensure that the authorities are aware of your abilities to handle such incidents in the future.