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INCIDENT RESPONSE PLAN TEMPLATE
a must-read for every business owner!

An incident response plan (IRP) helps you prepare for and ideally prevent security incidents. The responses that IRPs dictate can also have some less obvious positive effects on your organization, including:

  • Data protection—data and system protection are at the core of IRP. Protection is achieved by securing backups, ensuring sufficiency identity and access management, and timely patching of vulnerabilities. These measures are supported by quick response to alerts and careful analysis of logs and event data.
  • Reinforces reputation—effective incident response shows a brand’s commitment to security and privacy. Attacks resulting in data loss can cause customers to doubt an organization’s competence, leading to brand abandonment. Likewise, shareholders and investors may abandon a business that has suffered a breach. IRP can prevent or minimize these losses.
  • Reduces costs—breaches are expensive, due to regulatory fines, customer compensation, or just the cost of investigation and restoring systems. According to a 2019 study by IBM, the average cost of a breach is nearly $4 million. Planning can help reduce your risk of breach and limit the damage done by attacks, limiting your costs.

 

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