What is the purpose of the 60-day rule in reporting breaches under 500 individuals?

The purpose of the 60-day rule in reporting breaches affecting fewer than 500 individuals is to ensure timely notification to those individuals who may be affected by the breach. This regulation is designed to provide affected parties with essential information about the breach, enabling them to take necessary actions to protect themselves from potential harms, such as identity theft or the misuse of their personal information.

Timeliness in notification is critical because it allows individuals to be informed quickly about the risks associated with the breach, empowering them to mitigate potential damage. By establishing a 60-day time frame for reporting, the rule balances the need for thorough investigation with the urgency of informing individuals, emphasizing the importance of transparency in maintaining trust between organizations and their clients or patients. This focus on timely communication ultimately supports better outcomes for affected individuals.