An Incident Response Plan is a structured approach that organizations use to prepare for, detect, and respond to cybersecurity incidents. It outlines the roles and responsibilities of team members, the steps to take during an incident, and the communication protocols to follow. This plan helps minimize damage and recover quickly from security breaches. Having an effective incident response plan is crucial for protecting sensitive data and maintaining business continuity. It typically includes procedures for identifying threats, assessing their impact, and implementing recovery strategies. Regular training and updates ensure that the plan remains relevant and effective against evolving cyber threats.