As threat actors grow in number, the frequency of attacks witnessed globally will continue to rise exponentially. The numerous cases headlining the news today demonstrate that no organization is immune from the risks of a breach.
What is an Incident Response Plan?
Incident response (IR) refers to an organization’s approach, processes and technologies to detect and respond to cyber breaches.
An IR plan specifies how cyberattacks should be identified, contained and remediated. It enables organizations to act quickly and effectively even in stressful breach situations, mitigating further impact.
Ultimately, the goal of IR is to reduce the risks and impact of cyberattacks and mitigate and manage the post-breach aftermath so that recovery time and costs are kept to a minimum.
Do Organizations Need an IR Plan?
Historically, organizations that have developed and rehearsed an IR plan have benefitted from significant cost savings. According to the 2022 Cost of a Data Breach Report by IBM, organizations with an IR team that regularly tested its IR plan saved an average of $2.66 million in breach costs compared to those without a plan.
In the case of a cyberattack, time is of the essence. Cybersecurity teams need to act swiftly to contain threats and restore affected systems efficiently while reducing costs.
During the containment state of an IR plan, the security team’s priority is to isolate any infected devices and remediate threats fast. Organizations need to have the capabilities to autonomously detect and remediate threats in near real-time in order to f ..
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