Incident Response Planning
Outsmart cyber threats by preparing with an Incident Response Plan
Be ready to weather the cyber storm
Being prepared with an incident response plan that lays out what your team will do when an attack inevitably hits is good business sense. Companies with an active, tested IRP produce better cost savings over time and reduce time to recover from an attack. In IBM's latest Cost of a Breach analysis, organisations with high levels of IR planning and testing saved $1.49M on average with a shortened time to contain by 62 days versus those without.
Additionally, insurance providers look at whether you have one when deciding whether to award your cyber policy and when calculating your premiums. Surprisingly, only about 32% of companies have response plans ready to go. Those without pay an average of 58% more to clean up after breaches.
Breach coaches are also another great resource to help your organisation draft a comprehensive incident response plan, customise or review an existing plan, or test the plan for effectiveness and more.
Additional benefits
- Minimise damage: A well-designed incident response plan can minimise the damage caused by a cybersecurity incident.
- Reduce downtime: Rapid identification and containment of a cyber incident can significantly reduce downtime and disruptions.
- Meet insurance requirements: Many insurance providers require policy holders to have a documented incident response plan in place.
- Demonstrate legal and regulatory compliance: Some data protection laws and industry regulations require businesses to have an incident response plan.
- Maintain trust: Timely and transparent communication during an incident helps maintain customer trust.
- Enable efficient response: An incident response plan defines clear roles and responsibilities for personnel during a cyberattack.
- Boost employee security awareness: Developing and practicing a response plan increases employee focus on security.
- Preserve evidence: Response plans include critical procedures for gathering forensic evidence after an attack.
- Proactively manage risk: A response plan prepares a business to respond efficiently when and if cyber attacks occur.
What are the major components of an incident response plan?
Our partners at Net Diligence@ broke down the basic components of what every IR plan should entail.
They include:
- Preparation
- Detection and analysis
- Containment, eradication, and recovery
- Post Incident Improvement
If your organisation doesn’t have one or needs to revamp their own plan, there’s a simple solution: Breach Plan Connect, powered by NetDiligence®.
Other factors to consider
Based on your organisation size, industry and compliance regulations, developing an incident response plan may be complex. There will be a variety of people, processes and communications you’ll need to address. This is where utilising trusted resources come in. You can utilise Breach Plan Connect, powered by NetDiligence®, or a trusted breach coach to help you customise your plan. Covering all the details, big or small, will help you in the long run.
Trend is proud to partner with these DFIR providers
This Mexico-based firm provides cybersecurity services to clients in its country and beyond Latin America. It offers cyber risk assessments, vulnerability analysis and penetration testing, managed services, and much more.
Lyra Recovery leverages over 3,000 technicians, engineers, and architects to deliver unparalleled post-breach services as well as data recovery and remediation.
N1Discovery (N1D) offers a wide selection of services aimed at assisting its clients with investigating and resolving complex incidents. As a Trend partner, the company offers cyber risk assessments, incident response and pre-breach services, threat intel, and more.
This restoration firm provides immediate assistance before and after a breach, offering expert guidance for a more efficient recovery. Fenix24 offers pre- and post-breach services, managed solutions and backups, and more.
A premier cybersecurity firm that specialises in incident response, crisis management, and digital forensics, MaTTica is equipped with a range of assets and services to provide as a Trend partner. Get cyber risk assessments, pre-breach services, and forensics and incident response assistance there.