Breach Notification, Incident & Breach Response, Managed Detection & Response (MDR) is What’s Optimal Timing? It depends on how quickly organizations have to notify oversight agencies or affected consumers after they suffer a data breach. Failure to comply puts organizations at risk of being hit with massive fines. State laws vary widely on breach notification laws in the U.S. and the banking sector’s Gramm-Leach-Bliley Act requires financial firms to notify customers of a security incident “as soon as possible””]
Source: https://www.bankinfosecurity.com/blogs/data-breach-notifications-whats-optimal-timing-p-2432