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A data breach occurs when personal information, such as passwords, credit card numbers or social security numbers, is exposed to bad actors. These attacks happen to companies of every size across all industries. They can have catastrophic consequences for a business’s financial health and longevity. They can also damage a company’s reputation. And, for individuals, they can be an ongoing source of stress and anxiety because their personal data is available on the internet for anyone to exploit.

Data breaches happen for a variety of reasons, and it’s impossible to stop them completely. But, you can take steps to mitigate the risk and impact of a breach.

The first step is to activate your Cyber Incident Response Plan. Immediately involving key leadership resources like legal counsel, executive business leaders, and leaders from the IT, Risk Management, and Cyber Security functions will help to ensure that your team is equipped with the information it needs to respond quickly.

The next step is to determine your legal requirements. Most states and countries have enacted laws that require you to notify customers when their personal information is compromised. You should also check with your service providers to see what information they have access to and verify that they’re taking steps to protect that data. Also, if any personal information was improperly posted on your website, make sure to contact search engines to remove it.