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Advantages of notifying customers as early as possible

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Company ABC realizes that sensitive data of 2 million customers has been stolen during a cyber-attack. Though the company is not able to indicate the exact date/time of the attack, there are evidence that shows an attack happened about 5 months ago. Discuss the following questions:

• What are the advantages of notifying customers as early as possible?

• What are the advantages of waiting as long as legally permitted?

• What are the advantages/risks (if any) of finding a way to avoid notifying customers?

Reference no: EM132708563

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