Which of the following is a key component of incident management?

Identifying and classifying incidents is a fundamental aspect of incident management because it establishes a foundation for effectively responding to security threats and breaches. This process involves detecting potential security incidents, categorizing them based on severity and impact, and prioritizing them for action. By accurately identifying incidents, organizations can allocate appropriate resources, determine the required urgency in response, and follow through with incident response procedures tailored to the specific nature of the incident.

This step is critical to ensuring that incidents are managed efficiently, as not all incidents have the same level of risk or require the same response strategy. By classifying incidents, organizations can improve their overall incident response capabilities, minimize potential damage, and ensure that lessons learned are integrated into future preventive measures.

While developing a communication plan and establishing a security budget are important for broader security and organizational resilience, they do not directly address the immediate needs for responding to incidents. Therefore, identifying and classifying incidents stands out as the key component in the incident management process.