Important Reasons Why You Need a Cyber Security Incident Response Plan

Important Reasons Why You Need a Cyber Security Incident Response Plan
3 min read

A company needs to be able to quickly find out about and cope with security incidents and events when its reputation, revenue, or customer trust is at risk. Small or big organizations need to have a plan to deal with a cyber-attack. This way, they can lessen the chances of being victims of the most recent attack.

People who work on security have to know how to respond to a security breach, what a breach is, what tools are available to help them, how the breach will be researched and communicated, and what people need to do after a data breach.

Here are some reasons why your organization needs a cyber security incident response today.

Keep Your Data Safe

Protecting data is essential both for you and your job. Your group can protect your data before it gets lost by following a new incident response plan. Ransomware, like WannaCry, Petya, NotPetya, and so on, can hold data for ransom when it's in someone else's hands. When private data is leaked to the public, that data could be held for ransom.

The IR team has a lot of work to protect data assets during the incident and response process. People should make sure their backups are safe, use logs to look for suspicious activity, manage identities and access to avoid insider threats, and pay close attention to patch management.

Protect Your Client Trust & Reputation
Some 78 percent of people would move their business away if their personal information were stolen. If the company doesn't deal with a security breach quickly, it could lose some or all of its clients. Customers don't have faith in your business after you have a data breach. You should know that it can be a real PR disaster for businesses.

If your company is publicly traded, the confidence of investors and shareholders can plummet after a public data breach. Equifax, Yahoo, Target, Sony, and many more have had huge data breaches in the last few years. Take a look at the stock prices for them.

Final Thoughts

Detecting and responding to a security breach or even incident is easier when your organization can do so quickly. This means that minor damage will be done to your data, customer trust and reputation, and a possible loss of revenue. If your company doesn't already have a cyber security incident response plan in place for dealing with an emergency, you might want to think about hiring a third-party managed security service provider to come up with a plan that's just right for your company.

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Faina Miller 0
Joined: 2 years ago
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