B) To meet regulatory requirements for timely reporting: Many industries and jurisdictions have laws and regulations that mandate reporting of security breaches within a certain time frame. Failing to comply with these requirements can result in fines, penalties, lawsuits, and loss of trust. Therefore, it is important to have a clear and consistent reporting process that ensures timely and accurate disclosure of the breach to the relevant authorities.
C) To limit reputation damage caused by the breach: A security breach can have a negative impact on the reputation and credibility of the organization. Customers, partners, investors, and the public may lose confidence in the organization's ability to protect their data and interests. Therefore, it is important to have a transparent and honest reporting process that informs the affected parties about the nature, scope, and consequences of the breach, as well as the actions taken to mitigate and prevent future incidents. This can help restore trust and goodwill among the stakeholders.
Explanation:
According to the CompTIA CySA+ Study Guide Exam CS0-002, 2nd Edition1, reporting is an essential part of the incident response process. It helps communicate the details and impact of the incident to various stakeholders, such as management, customers, regulators, law enforcement, and the public. Reporting also provides valuable feedback and lessons learned that can improve the security posture and readiness of the organization.
Based on this information, the most likely reasons to include reporting processes when updating an incident response plan after a breach are: