If a data breach triggers the mandatory reporting obligation at your business, it is paramount to promptly assess the scope of the data breach before anyone is notified.
While any miscommunication or delays can diminish the trust in your brand, the professional management of the post-breach activities could minimise the reputation, privacy and financial impact your business may face.
A mismanaged data breach can lead to:
- the loss of your and your business’s reputation;
- the loss of your existing and future clients or customers;
- any unwanted media attention and social media rage;
- identity theft, phishing and online fraud;
- legal action against you from your clients for professional negligence and other lawsuits.