How do an incident response plan and incident response team help reduce risks to the organization?

An incident response team comprises of key members from integral teams of the organization.

Each of these members is a subject matter expert of policies, processes, and controls pertaining to their team. An incident response team is trained to detect, contain, mitigate security incident is a quick and efficient way, thereby minimizing damages.

This directly reduces the risk posed by such incidents, as the vulnerability is quickly patched, and the threat actors are efficiently blocked or removed.

Further, the team documents all incidents and consciously develops plans and methods to handle incidents proactively and to prevent them from reoccurring, as well as new incidents from occurring. This serves in greatly reducing risks to the organization.