In today's digital landscape, the frequency of cyberattacks highlights the importance of having a detailed incident response plan, which acts as insurance for organizations to react effectively to security breaches. An incident response plan not only helps manage incidents confidently but also raises security awareness within a company. The plan's structure typically involves phases like prevention, detection, containment, eradication and recovery, and lessons learned, with each phase playing a crucial role in incident management. Larger organizations may have dedicated security teams, while smaller ones can assign temporary roles. Transparency in communication, especially in cases involving EU citizen data, is crucial to maintaining trust and compliance with regulations like GDPR. The plan must be regularly reviewed and updated to adapt to evolving threats, ensuring a proactive approach to security that includes risk assessments, logging, monitoring, and education. A comprehensive incident report is essential for documentation and communication, both internally and externally. Developing such a plan is a long-term commitment that, despite being initially daunting, ultimately prepares organizations to handle security incidents effectively.