An incident response plan (IRP) is a set of documented procedures and guidelines that an organization follows when an information security incident occurs. The primary goal of an IRP is to minimize damage and reduce recovery time, by providing a clear and well-defined approach to handling incidents.
Businesses don't have an incident response plan.
Organizations can't recover from a breach.
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There’s a lot of information to take in when dealing with cybersecurity and incident response, here are some frequently asked questions
How much are Incident Response Plans?
The cost of an incident response plan (IRP) can vary depending on a number of factors, such as the complexity of the plan, the size of the organization, the scope of the plan, and the level of customization required.
For small to medium-sized businesses, an off-the-shelf IRP template may cost anywhere from a few hundred to a few thousand dollars. However, keep in mind that these templates may not be tailored to the specific needs of your organization, and may require significant customization to be effective.
For larger organizations or those with more complex needs, a customized IRP can cost tens of thousands of dollars or more. This can include the cost of a consultant to develop and implement the plan, as well as ongoing costs to update and maintain the plan over time.
It’s important to note that the cost of an IRP should be weighed against the potential cost of a security incident. According to the Cost of a Data Breach Report by IBM Security, the average total cost of a data breach was $4.24 million. By comparison, the cost of an IRP may seem like a wise investment in protecting your organization from potentially devastating financial and reputational losses.
If you’re considering an incident response plan for your organization, it’s important to work with a reputable vendor who can help you determine the best plan and approach for your specific needs, and to carefully evaluate the costs and benefits before making a decision.
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