A company policy requires third-party suppliers to self-report data breaches within a specific time frame.

An SLA or service level agreement is a type of third-party risk management policy that defines the expectations and obligations between a service provider and a customer. An SLA typically includes metrics and standards for measuring the quality and performance of the service, as well as penalties or remedies for non-compliance. An SLA can also specify the reporting requirements for data breaches or other incidents that may affect the customer’s security or privacy.