Incident Response refers to the systematic approach taken to manage and mitigate the consequences of a cybersecurity incident. This process involves preparation, detection, analysis, containment, eradication, and recovery, ensuring that organizations can respond effectively to threats and minimize damage. Key components include establishing an Incident Response Team and developing an Incident Response Plan to guide actions during an incident. The goal of Incident Response is not only to address immediate threats but also to learn from incidents to improve future responses. By analyzing incidents, organizations can strengthen their security posture and reduce the likelihood of future breaches, ultimately protecting sensitive data and maintaining trust with stakeholders.