What are some of the reasons to develop effective incident handling policies?

What will be an ideal response?

There are many reasons to develop effective incident handling policies:* If an organization is familiar with its security policy and procedures, there is less flailing about and confusion when an incident occurs.* The number of attempted breaches that become security incidents are reduced when organizations take preventative measures.* Organizations that handle and document incidents may be less likely to have repeat occurrences.* Proper incident handling helps organizations assess the strengths and weaknesses in their system and their staff.* Documented handling of incidents using industry standard practices safeguard an organization from potential legal ramifications related to the incidents.* Properly trained incident-response teams give upper management time to prepare a factual and community-involved official response to the aftermath of a security breach.