What does the term "negotiated settlement" imply in cybersecurity? 🔊
In cybersecurity, a "negotiated settlement" refers to an agreement reached between parties, often following a data breach or incident. This implies that the affected party, typically an organization, and the other involved parties, such as affected users or stakeholders, have engaged in discussions to resolve the issue. The terms of this settlement may include compensation, remediation measures, or policy changes to prevent future breaches. These settlements aim to address the damages incurred, restore trust, and ensure compliance with legal obligations, ultimately minimizing the impact of the cybersecurity incident on both the organization and its users.
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