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70% of SMBs that suffer a ransomware attack have no formal response plan. These are the consequences.
IBM 2024 Cost of a Data Breach: attackers sit inside your systems for 207 days before detection. An IR plan cuts discovery time and limits exposure.
HIPAA, PCI DSS, GLBA, and SOC 2 all require documented incident response procedures. An undocumented response is a compliance finding.
Cyber insurance underwriters now ask for your IR plan at renewal. Policies without one face higher premiums or coverage exclusions.
IBM 2024 (global). SMB segment averages $164K — still enough to close a 10-person firm. Organizations with tested IR plans cut recovery costs by 58%.