Creating a Data Loss Incident Plan - Slide 16

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Training, testing and budget

The first step is providing base-line privacy training, defining PII (or covered information based on your businesses and regulatory requirement), sensitive and internal confidential data. It is recommended employee training include (but not be limited to) data collection mechanisms, retention policies, handling and sharing policies as well as data loss reporting procedures. Company personnel who are part of the response team should be prepared to both investigate and report findings and to communicate with media and regulatory authorities. Employees should be required to review plans annually and upon hire.

The Online Trust Alliance (OTA) advocates that all businesses create an incident response plan and be prepared for the likelihood that they will experience a breach or data loss in the future. The fact is breaches happen and often at the worst of times. Rather than be lulled into the belief it will not happen to your business, a well-designed plan is emerging as an essential part of regulatory compliance, demonstrating that a firm or organization is willing to take reasonable steps to protect data from abuse. Doing so is good business. Developing a plan can help to minimize risk to consumers, business partners and stockholders, while increasing brand protection and the long-term viability of a business.

This slideshow highlights key questions and recommendations for businesses to consider while building a data loss incident plan.

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