Imagine a scenario where a renowned financial institution, "ABSA, FNB, NEDBANK, CAPITEC, & AFRICAN BANK," found itself embroiled in a significant data breach. Sensitive customer information, including financial details, has been compromised. What should be the immediate action taken by these banks?
a) Downplay the incident and avoid public acknowledgment.
b) Collaborate with law enforcement agencies for investigation.
c) Delay notifying affected customers to avoid panic.
d) Continue business as usual without implementing any security measures.