Cybersecurity Incident Response Guide

Learn how to optimize your cybersecurity incident response processes for faster, more effective time to resolution.

Learn how to ensure your team is prepared for any incident, large or small.

Rapid digitalization of organizations from small businesses to massive public sector entities has generated a parallel need for cybersecurity strategies that can keep pace with next-generation cyber attacks and highly complex systems. The frequency and severity of global cyberattacks are on the rise , with hackers leveraging better technology to take advantage of the rapid rollout of online services that happened across many industries in the wake of the pandemic. Experts estimate that the cost of cybercrime will hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025.

As the cost of cybersecurity incidents continues to increase, teams feel more pressure from customers and regulators to mature their own security practices. Whether they are large enterprises or small startups, companies fail or succeed by their ability to anticipate and respond to cybersecurity threats. For this reason, in a brief on a new National Cybersecurity Strategy initiative , the Biden administration called for greater investment in developing more secure and resilient software systems.

It isn’t enough to be reactive to cybersecurity incidents when they happen. To ensure that they’ll be able to resolve security threats and breaches efficiently and effectively, businesses must have a proactive cybersecurity strategy that enables them to respond to incidents quickly and collaboratively with established and trained procedures.

In this guide, we’ll explore the cybersecurity challenges that businesses face today, look at how successful organizations apply best practices to ensure their teams are ready to act, and examine what you can look for when evaluating tools that will help your organization prepare for the threats ahead.

Cybersecurity is top of mind for businesses across the board, but what does that mean for the day-to-day priorities and processes of technical teams? Let’s dig into some of the key cybersecurity challenges that organizations face and how they’ll impact your team.

After years of sustained growth, technology budgets are slowing down; Gartner revised their 2023 IT budget growth predictions down from 5.1% to 2.4% at the beginning of the year. Fortunately, most organizations still plan to prioritize cybersecurity budgets; security spend and risk management are forecasted to grow about 10% in 2023 . However, security and operations teams may need to anticipate the need to do more with the team and tools they already have at their disposal. A survey of security professionals by the Ponemon Institute found that insufficient budget was the most commonly cited factor in preventing teams from working remotely without compromising security.

Cloud-native technologies have found their place in enterprise tech stacks; as many as 94% of enterprises rely on cloud software to run their businesses. But while cloud technology has great benefits in terms of speed, usability, and cost, it does have security implications.