Organizations have long since relied on a reactive approach to cybersecurity. However, with the ever-increasing sophistication of tools for malicious actors, a reactive approach may lead to disaster.
A single cybersecurity incident could have a devastating impact on an organization. The average cost of a data breach is now $4.24 million, according to the 2021 Cost of a Data Breach Report from Ponemon Institute and IBM. Amidst this, a sound and proactive incident response plan is crucial for organizations — regardless of their size.
What is an incident response plan for?
Endpoint security tools, such as VPNs, proxies and antimalware, are commonplace cybersecurity measures. While that is a smart move — and mandatory to ensure data security — cybersecurity doesn’t stop there.
Employee cybersecurity awareness training is also crucial. There are numerous instances where employees are unaware of common tools or might even fall victim to social engineering attacks. This can lead to various negative consequences, such as unauthorized access, data theft, mistrust among partners, loss of clients and regulatory fines. Having an “identify and respond” strategy for cybersecurity can help mitigate these consequences.
An incident response plan is designed to outline the roles and responsibilities of the security team in