Knowing and acknowledging the importance of an incident response plan will help you and your staff take the documentation seriously. In effect, it can help you be as effective and resilient as possible.
So here are the reasons why an incident response plan is important.
Reasons of Importance of Incident Response Plan
1. Help C-Suite Executives Improve the Security of the Company
Incident response plans will help you and your staff remain on top of the security issues. For example, the plan will help you get support from your top executives when it comes to purchasing better security equipment or hiring more IT staff.
2. Facilitate Communication and Collaboration
Incident response plans will help you and your staff make sure all members of staff are well informed about the security issues and how they can cooperate in case of an incident.
3. Help Avoid Future Security Incidents
Incident response plans will help you and your staff learn from past mistakes and incidents. The plan should cover the steps that need to be taken to avoid future security issues.
4. Help C-Suite Executives See Where You Stand When it Comes to Security
An incident response plan will help you and your staff report any security incident immediately to your top executives. This way, you can show them that you are serious about your security program.
5. Help Make the Business Safer for All Staff Members
An incident response plan will help you or your staff keep all staff members safe from threats that may harm them or the company’s reputation. For example, if one of your employees falls for a phishing scam, he/she can alert you immediately so that you can have time to take necessary action before the scammer gets the information they want.
6. Make Sure You Can Remain in Compliance with Regulations
Incident response plans will help you remain in compliance with regulations such as HIPAA, PCI DSS, SOX, FISMA, etc. A well-documented incident response plan will help you meet these regulations easily by getting your team on board with the plan and making sure they are well informed on how to deal with security incidents.
7. Keeps the security program in pace
Also, having an incident response plan will help you keep your security program up to date. This way, you will be able to adjust your security program as per the ever-changing threat landscape.
8. Incident Response Plan Will Help You Avoid Lawsuits
Incident response plans will help you and your staff deal with the aftermath of a security incident. People will inevitably panic when they realize an attack has happened. But with proper training, your staff can remain calm and handle the situation effectively.
9. Incident Response Plan Will Save You Money
Incident response plans will help you and your staff avoid the costs of dealing with a security incident after it has happened. For example, if one of your staff falls for a phishing scam, he or she can alert you immediately so that you can call off the money transfer before it is too late. This way, you will not have to pay back any money to the person you got scammed by.