Breaches are happening and they will continue to happen

When a security incident happens, at an early stage, only a well-organized approach will help to mitigate the impacts, but if it is not handled properly then even a minor incident has far-reaching effects. A well-implemented Incident Response Plan will not only help you to deter and monitor the incident aspects but also helps you to control the aftermaths of a cyber incident or breach.

What a cyber incident can cost you?

A single cyber threat can have a significant impact on a company’s resources, leading to increased business expenses. In 2022, data breaches cost an average of $4.35 million, encompassing various expenses like ransom payments, legal fees, remediation charges, audit costs, and lost revenues due to business downtime. 

$4.24M

The average cost of a data breach in 2021 was $4.24 million

$9.23M

The healthcare industry had the highest average cost per breach at $9.23 million

$10.5T

Cybercrime is projected to cost the global economy $10.5 trillion annually by 2025

To detect and to mitigate the breach, as per IBM report, an organization takes around 280 days

Modern businesses, at every level, are empowered by digital technologies, rise a critical need of having a comprehensive cybersecurity framework.

Although organizations around the world are becoming aware of security measures and regulations, still they can’t be completely invulnerable. That’s why an incident response plan is necessary and advantage of it must be explored.
Phases of Incident Response

Benefits of Incident Response Planning and Management

Minimized Downtime

A well-structured IR Plan enables organizations to respond quickly and effectively to incidents, reducing the downtime experienced during and after an event. This helps minimize productivity losses, revenue impact, and potential customer dissatisfaction.

Compliance Adherence

IR Plans assist organizations in meeting regulatory and compliance requirements specific to their industry. By incorporating relevant guidelines and procedures, companies can demonstrate their commitment to data protection, privacy regulations, and other legal obligations.

Improved Incident Handling

IR Plans provide a structured framework for handling incidents. This ensures that incidents are managed consistently and efficiently, reducing the risk of mistakes, delays, or miscommunication during the response process.

Stakeholder Confidence

Well-prepared IR Plans instil confidence in stakeholders, including customers, partners, investors, and employees. Demonstrating a proactive and competent approach to incident management fosters trust and reassures stakeholders that the organization can effectively handle unforeseen events.

Business Continuity and Resilience

Incident Response Plans are often interconnected with business continuity and disaster recovery plans. By integrating these efforts, organizations can ensure the continuity of critical operations, minimize service disruptions, and quickly recover from incidents.

Incident Documentation and Reporting

IR Plans typically include guidelines for documenting and reporting incidents. This documentation helps in conducting thorough post-incident analysis, sharing knowledge within the organization, and providing necessary information for legal and regulatory purposes.

EMPOWERING ORGANIZATIONS WITH OUR INCIDENT RESPONSE PLANNING AND MANAGEMENT APPROACH

Let Ducara be your guiding force in Incident Response Planning and Management

 

 

Why Ducara?

Be prepared, not panicked!

We understand the importance of having a relevant incident response plan so that you can detect and identify the probable risk to your organization’s sensitive data and intellectual property. Our experienced professional helps to identify measures an employee takes at the time of crisis, isolating the affected area and implementing appropriate safeguards. Whether you are a small business or a large enterprise, we are here to help you protect your sensitive data with the help of our comprehensive Incident Response Plan.

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Our Credibility

With ISO 9001: 2015, ISO 27001: 2022, ISO 27701: 2019, we assure that we have standardized quality, effective Information Security Management System with a privacy extension that makes us more reliable and trustworthy for our services and project engagements.