Practice vocabulary for regulatory breach notifications including ICO 72-hour rules, SEC disclosure requirements, notification content, and engaging outside counsel.
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1 / 5
Under GDPR, organisations must notify the ICO (Information Commissioner's Office) of a personal data breach within _____.
GDPR Article 33 requires notifying the supervisory authority (ICO in the UK) within 72 hours of becoming aware of a personal data breach, unless it is unlikely to result in risk to individuals.
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In the United States, publicly traded companies must disclose 'material cyber incidents' to the _____.
The SEC (Securities and Exchange Commission) requires public companies to disclose material cybersecurity incidents on Form 8-K, typically within 4 business days of determining materiality.
3 / 5
A regulatory notification for a data breach should include which three key components?
Regulatory breach notifications are expected to cover scope (what happened), impact (who and how many were affected), and remediation (what steps are being taken).
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A company hires _____ to receive privileged legal advice and to coordinate the breach response under attorney-client privilege.
Engaging outside counsel (external lawyers) allows breach response communications to be protected by attorney-client privilege, which can limit disclosure in future litigation.
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The term 'material' in the context of SEC cyber incident disclosure means the incident _____.
Materiality in securities law means information that a reasonable investor would consider important — a cyber incident is material if it significantly affects company operations, reputation, or financial position.