Cybersecurity Incident Response Plan for a Financial Institution

Imagine you are an Information Security consultant working with a financial institution that wants to develop a comprehensive incident response plan. The institution is aware of the increasing cyber threats in the financial sector and wants to be well-prepared to respond effectively to security incidents. Write a three to five-page paper in which you:1. Financial Sector Threat Landscape: Provide an overview of the cybersecurity threat landscape specific to the financial sector. Discuss common threats and attack vectors faced by financial institutions.2. Incident Response Planning: Outline the key components of an incident response plan tailored to the needs of a financial institution. Discuss the importance of incident detection, analysis, containment, eradication, and recovery.3. Roles and Responsibilities: Define the roles and responsibilities of key personnel within the incident response team. Discuss the coordination between IT security teams, legal, communications, and executive leadership.4. External Collaboration and Reporting: Recommend strategies for collaborating with external entities, such as law enforcement, regulatory bodies, and cybersecurity information-sharing organizations. Discuss the importance of timely and accurate incident reporting.Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are: Compare and contrast the methods of disaster recovery and business continuity. Explain risk management in the context of information security.  Use technology and information resources to research issues in disaster recovery. Write clearly and concisely about disaster recovery topics using proper writing mechanics and technical style conventions.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric