Cost per Incident is not a commonly used metric for assessing incident response performance, as it can be difficult to accurately calculate and may not provide a comprehensive view of incident response effectiveness.

Collecting and analyzing incident data serves multiple purposes, including identifying trends and patterns in incident occurrence, improving the efficiency of incident response processes, and measuring the effectiveness of incident response strategies.

Social media monitoring is not a recommended method for collecting incident data, as it may not provide accurate or reliable information about incidents.

Continuous improvement in incident response processes is important for keeping up with evolving threats and attack techniques, improving the efficiency and effectiveness of incident response, and ensuring compliance with regulatory requirements.

Lack of executive support for incident response measurement is not a common challenge, as most organizations recognize the importance of measuring incident response performance.

Using standardized metrics for measuring incident response performance provides multiple benefits, including improved comparability of incident response performance across different organizations, simplified data collection and analysis, and enhanced communication and collaboration among incident response teams.

Ignoring feedback from incident response team members is not a recommended practice for continuous improvement in incident response processes, as it can prevent the identification and resolution of potential issues.

Conducting incident response exercises and drills serves multiple purposes, including testing the effectiveness of incident response plans and procedures, training incident response team members on their roles and responsibilities, and identifying gaps and weaknesses in incident response processes.

Compliance-based metrics are not a common type of incident response metric, as they are typically used to measure compliance with regulatory requirements rather than the effectiveness of incident response processes.

Using quality-based metrics for measuring incident response performance provides the primary benefit of improved assessment of the effectiveness of incident response processes.

Relying solely on anecdotal evidence is not a recommended practice for collecting accurate and reliable incident data, as it can lead to biased and incomplete information.

Implementing a formal incident response improvement plan serves multiple purposes, including ensuring that incident response processes are continuously improved, identifying and prioritizing incident response improvement initiatives, and tracking the progress of incident response improvement efforts.

Lack of participation from senior management is not a common challenge in conducting incident response exercises and drills, as most organizations recognize the importance of senior management involvement in incident response preparedness.

Using cost-based metrics for measuring incident response performance provides the primary benefit of improved assessment of the financial impact of incidents.

Ignoring feedback from incident response team members is not a recommended practice for improving the efficiency of incident response processes, as it can prevent the identification and resolution of potential issues.