Why Is It Important To Develop a Formal Cyber Incident Response Plan

What is a Cyber Incident Response Plan?

Cyber incident response plans help managers address cyber attacks and how they can improve their security programs for future breaches. The goal of a response plan is to outline what had occurred in a security breach so that a business can improve procedures for all levels of the business. It is important to develop a formal cyber incident response plan so that a business can minimize damage, costs and reduce recovery time.

A lot of Companies Don’t Thoroughly Implement a Response Plan

Among the many topics that battle for risk managers’ attention, cybersecurity incident response planning is one that repeatedly surfaces each year with escalating frequency. Yet surprisingly, according to a 2018 Ponemon Institute study, only 24% of companies have a cybersecurity incident response plan (IRP) implemented consistently across the enterprise.

Unquestionably, every company must prioritize capital expenditures, staffing and time across the wide expanse of business priorities. However, IRPs are no longer something that can be put off or addressed casually. The growing stringency of security standards and federal requirements, not to mention the very real possibility of irreparable damage from a breach, make inaction a failing proposition for enterprises of all sizes.

See Developing a Formal Cyber Incident Response Plan by Nick Son so that you can learn more about Risk Management.

Building an Effective Cyber Security Program

As incident response plans help risk managers reduce cyber risks it is also important to improve security programs so that these incidents are less likely to occur. Tari Schreider, in Building Effective Cybersecurity Programs, 2nd Edition, lays out the step-by-step roadmap to follow as you build or enhance your cybersecurity program.

For instance, You will learn:

  • Recommended design approaches
  • Program structure
  • Cybersecurity technologies
  • Governance
  • Policies
  • Vulnerability
  • Threat and intelligence capabilities
  • Risk management
  • Defense-in-depth
  • DevSecOps
  • Service management
  • …and much more!