Question 1 of 30
A cybersecurity audit at \"Innovate Solutions Inc.\" has uncovered a sophisticated intrusion that successfully exfiltrated a database containing sensitive personal information, including financial details and health-related data, of over 5,000 customers. The internal incident response team, after thorough investigation, has confirmed the breach and assessed that the compromised data, if misused, poses a high risk of identity theft, financial fraud, and potential discrimination against the affected individuals. Considering the principles outlined in ISO/IEC 29151:2017 and the spirit of data protection regulations like the GDPR, what is the most immediate and critical step Innovate Solutions Inc. must undertake following this assessment?
Immediately commence the process of notifying the relevant supervisory authority and prepare to inform the affected data subjects about the breach and its potential consequences.
Focus solely on enhancing internal security protocols to prevent future breaches, deferring any external communication until a complete system overhaul is achieved.
Conduct a further internal review to identify the exact technical vulnerabilities exploited, without any external communication, to avoid public panic.
Initiate a public relations campaign to proactively manage the narrative around the potential breach, while delaying formal notifications to authorities and individuals.

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