Incident Response is essentially a thorough plan of action for what your organisation is supposed to do in the event of a cyberattack. It’s important because:
Trying to put together a response plan after a cyberattack is as good as not taking any action at all. Every second of inaction means greater havoc on your systems, more disruption, and loss of customer trust. The Incident Response plan allows you to get into action right away, and keep the damage to a minimum.
The lack of a well-designed Incident Response plan can also trigger greater government regulation in the aftermath of a cyberattack, as it paints a picture that your organisation is unable to handle a scenario like this.