No organization wants to find itself in the tough position of disclosing a data breach. The consequences can be both immediate and long term, for the company as well as for its customers. Fallout can include damage to the company’s value and reputation, potential regulatory fines, lawsuits, and victim recompense such as paid credit monitoring. It can be a painful experience for anyone affected or involved, but there can also be a silver lining. If details about the source of the data breach are shared, other organizations can make sure they don’t suffer a similar compromise.
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