Corporate Obligation to Report a Cyber Security Breach

The US Department of Homeland Security defines Cybersecurity as “the protection of computers, networks, programs and data from attack, damage or unauthorized access.” It is the process of preventing unauthorized access to your computer system by hackers. 

Cybersecurity includes protecting against viruses and spyware which can steal personal information such as credit card numbers. The Cyber Security Act requires any company with a cybersecurity breach to report the incident to the Federal Trade Commission.

Cybersecurity law is an essential law for companies to be aware of, and it’s crucial to understand what constitutes a “cybersecurity breach” to avoid fines or other penalties. If your company has been hacked, it is now required by law to notify all of its stakeholders.

By notifying your customers, clients, and the security forces about a cybersecurity breach, you protect the stakeholders from identity theft and fraud and comply with the new regulations set forth. 

The US Department of Homeland Security (DHS) offers free assistance in helping companies determine if they have experienced a breach and what steps should be taken next in case of any data theft or loss.

DHS also guides how best to protect against future breaches by following industry standards and best practices. Best practices can help you identify future security breaches and prevent any bad experiences in the future.

Reporting a breach can help prevent further damage while providing an opportunity for remediation before more information is compromised or lost altogether. The sooner you report it, the more likely you will be able to recover from it. If you wait too long, then there may not be anything left for recovery.

We hope this guide helps clarify your understanding of the new legislation and provides some helpful tips on how to stay safe online. To know more, visit www.paguard.com.

FAQs

How can you prevent your personal computer from being hacked?

You can use a firewall, pay attention to password management, use multifactor identification and authentication, and perform regular back-ups and encryption to prevent your personal computer from being hacked.

What are “Phishing Attacks”?

Phishing is a try from a malicious user to acquire sensitive data by moonlighting as a trustworthy entity online. This information varies from usernames and passwords to credit card numbers and other banking details. 

Michael Long
Co-Founder & Senior Writer Michael worked with Leona for years and was inspired by our Founder's passion towards bringing more security to other people. Supervises the production of contents from the team.