What is often a result of heightened scrutiny following a data breach?

Following a data breach, one common consequence is increased privacy regulations. This occurs because stakeholders, including consumers, regulators, and lawmakers, often react to security incidents by implementing stricter guidelines and laws aimed at protecting personal information. Organizations are held accountable for safeguarding sensitive data, and as a result, they may face new regulatory demands that reinforce privacy standards and enhance overall data protection measures.

Heightened scrutiny after a breach can lead to a more robust legal framework around data privacy, resulting in stricter compliance requirements for banks and other organizations that handle personal information. This focus on privacy is intended to prevent future breaches and protect consumers, ensuring organizations take proactive steps to manage and secure data effectively.

The other options do not align as closely with the typical outcomes of increased scrutiny following a data breach. For instance, reduced transaction fees and expanded loan offerings are not direct outcomes related to compliance or regulatory changes. Similarly, fewer staff training requirements would contradict the need for increased awareness and education on data protection and compliance matters post-breach.