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Building an Incident Response Plan for Financial Services
Building an Incident Response Plan for Financial Services



Building an Incident Response Plan for Financial Services
In today's digital-first financial landscape, the threat of cyberattacks looms larger than ever. Banks, credit unions, insurance companies, and other financial institutions are prime targets for cybercriminals due to the vast amounts of sensitive data they handle and the potential for significant financial gain. As such, having a robust, well-structured incident response plan is not just a good practice—it's an absolute necessity.
This comprehensive guide walks through the process of creating a tailored incident response plan for financial services organizations, drawing on industry best practices, regulatory requirements, and real-world experiences. We'll go into each phase of the incident response lifecycle, providing detailed strategies, checklists, and considerations specific to the financial sector.
Gartner, Magic Quadrant for Email Security Platforms, Max Taggett, Nikul Patel, Franz Hinner, Deepak Mishra, 16 December 2024Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and Peer Insights are a registered trademark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.



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Gartner, Magic Quadrant for Network Detection and Response, Thomas Lintemuth, Esraa ElTahawy, John Collins, Charanpal Bhogal, Nahim Fazal, 29 May 2025
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and Peer Insights are a registered trademark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent