Mandatory Incident Reporting is a legal obligation requiring organizations to promptly inform designated authorities when they experience certain types of cybersecurity incidents, such as data breaches or cyberattacks. This process helps government agencies track emerging threats, coordinate responses, and improve overall cyber defense strategies. By reporting incidents, companies contribute to a broader understanding of the threat landscape, enabling better protection for the public and other organizations. Failure to comply can result in legal penalties or reputational damage.