ABSTRACT

Incident response management is the most critical part of the enterprise risk management program. Frequently, organizations form asset protection strategies focused primarily on perceived rather than actual weaknesses, while failing to compare incident impact with continuing profitable operations. In the successful implementation of risk management programs, all possible contingencies must be considered, along with their impact on the enterprise and their chances of occurring. Risk management is not a three-month project; it is not a project that, when completed, becomes shelved and never reviewed again. Risk management consists of careful planning, implementation, testing, and revision. The most critical part of risk management is critical incident response. The principal purpose of risk management is avoidance and mitigation of harm. Incident response, with the development of a solid response strategy, outside liaison, and a well-trained Critical Incident Response Team, can make the difference between a manageable incident and a disaster costing the organization its future.