In some cases, having an incident response plan is a requirement for acquiring digital insurance or for achieving compliance while working with respective parties. Effective incident response planning should include a comprehensive plan that not only coaches your information security and incident response team members, but the organization as a whole.
Why Is It important?
An incident response process is key to mitigating the fallout of security events. There are short-term effects of an information security event, such as being locked out of systems or data. And there are long-term effects of a security event, like loss of public trust or shareholders, law enforcement involvement, fines, loss of business partners and more.
The incident response plan should be vetted by an outside party, such as an insurer or one of your key technology partners. Those parties can provide you with valuable context specific to your industry vertical and/or technology ecosystem that can help you win the day when facing a potential incident.
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