Does your organization have a formal process to assess and document the impact of security incidents?

Understanding the impact of security incidents is crucial for effective incident response and recovery. This involves evaluating the technical, operational, financial, and reputational consequences of an incident to prioritize response actions and allocate appropriate resources. Impact analysis should consider affected systems, data compromise, service disruptions, and potential regulatory implications. Evidence could include incident impact assessment templates, completed incident reports with impact sections, post-incident analysis documentation, or a formal incident classification matrix that categorizes incidents based on their impact severity.