Cyber security has risen to the top of organizational risk concerns, and for good reason. Ransomware attacks were up 105% in 2021 and an eye-popping 323% since 2019.1 Twenty ransomware attacks are attempted every second. No business is immune.2
It’s no wonder that global business leaders are calling cyber attacks an epidemic and expect cyber attacks to remain their top risk threat for the coming years.3 As a result it is a critical step in any organization’s risk management strategy to make sure its cyber incident response plan (IR) is current -- or get one established if it is not in place.
The C-suite, information security, information technology and other elements of the organization must work together to review any IR plan and ensure it is updated.
The IR plan is a set of written instructions that outline the organization’s response to network events, security incidents and confirmed data breaches.
Having an established IR strategy that encompasses people, processes and technology can mean the difference between successfully managing a crisis or losing the fight to ever-sophisticated threat actors.
Consider these five key steps to help optimize IR plan preparation and position the organization’s incident response readiness: