Incident Management

Companies across all sectors realize the importance of using technology to both attract and retain customers. However, with technological integration, new cybersecurity threats are emerging every day endangering mobile messaging apps, online banking, and basically every industry. Consequently, it’s important that enterprises establish an incident response plan to deal with minor and major security threats. Despite these threats, a 2018 IBM report found that 77 percent of respondents did not have a consistent incident response plan to deploy in the event of a security breach! 

Preparing for cyber incidents involves more than merely being ready to react
to (and neutralize) a one-off cyber attack. It involves the ability to respond effectively, plan proactively, and to defend your critical systems and data assets. To get ahead of evolving threats, and to recover thoroughly when attacks do occur, you need to be familiar with the Cyber Incident Management Life Cycle.

Cyber incidents can run the gamut, from a simple email phishing attack to sophisticated malware or ransomware. Organizations now are investing more than ever in cyber-incident and attack preparedness, with 74% of companies saying Best Practices for incident prevention are their number one cybersecurity priority, followed by compliance mandates at a close second. A major part of this investment in readiness is the Incident Management Lifecycle, which lays out a framework of event management and how companies should respond in the event of an attack, hack, or breach.

But what exactly is the incident response lifecycle? What are the various stages in the life cycle of incident management, and what specific elements, steps, and processes do they entail?  Read on to learn about the incident management lifecycle process, and how it can be used to protect your business.

Although you might think that your cyber defenses are virtually impenetrable, every organization needs a plan just in case a cyber attack or breach does in fact happen. That’s exactly why you need to formulate, and continually test, a detailed cybersecurity incident response plan.