Cybercriminals have become more skilled over the years, and cyberattacks are wider-reaching and more effective. As a result, cybersecurity incidents resulting in data breaches, ransomware infections, and other damages are more common. In the face of a cybersecurity incident, the speed and correctness of the incident response is critical to minimizing the impact and cost of the security incident. The longer that an attacker has access to an organization’s systems, the more damage that they can cause and the harder it is to remove the infection. An effective cyberattack can result in a variety of costs to the organization, including system damages, data loss, regulatory penalties, and the loss of customer trust. An incident response strategy helps to minimize the cost and damage incurred by a security incident. An incident response team with a clear plan for addressing security incidents knows what to do and how to do it correctly, reducing the delays and errors that amplify the impact of the attack.