How To Respond To A Data Breach

From Network World:

How To Respond To A Data Breach

Here's a summary of the key points:

• Establish a response team
• Train employees on their roles and responsibilities
• Prepare reports and submit them to the appropriate parties
• Assess the extent of the breach
• Offer assistance to affected individuals
• Perform a post mortem

Its always better to get ahead of the situation.  If you suspect you've been breached make the announcement yourself and detail your intended response.  Allowing a third party to go public with the information will only result in a public relations nightmare and will cost much more in the long run.