Amazon Web Services (AWS) has launched a new service, AWS Security Incident Response, designed to help businesses quickly respond to and recover from cyberattacks. The service aims to reduce the time it takes for companies to bounce back from security incidents, which can be costly and damaging to their reputation.

The launch comes as many organizations struggle to respond effectively to cybersecurity incidents. According to a recent poll, only three out of five organizations have an incident response plan in place, and only around a third conduct regular drills to ensure their plans remain effective. The consequences of poor incident response can be severe, with the International Monetary Fund estimating that cyberattacks will cost the world more than $23 trillion by 2027.

AWS Security Incident Response is designed to help security teams combat account takeovers, breaches, ransomware attacks, and other corporate intrusions. The service automatically triages findings from Amazon GuardDuty, Amazon's threat detection service, and supported third-party cybersecurity tools. From a dashboard with integrated messaging and data transfer modules, customers can adjust alert settings and account permissioning, and review active incidents, historical data, and metrics like the average time it takes to resolve an incident.

The service also includes support from AWS' dedicated customer incident response team, which differentiates it from similar products offered by incident response startups. Additionally, AWS Security Incident Response may be the most convenient option for companies already relying on other AWS security solutions, as it works with all AWS detection and response services to continuously identify and prioritize security issues.

AWS Security Incident Response is generally available today via the AWS management console and service-specific APIs. The company has already seen adoption from customers like the PGA Tour. If successful, the service could be highly lucrative for AWS, as the global incident response market is expected to grow from $21.61 billion last year to $89.09 billion by 2030, according to Verified Market Research.

The launch of AWS Security Incident Response highlights the growing importance of effective incident response in the face of increasingly sophisticated cyberattacks. As the cost of cyberattacks continues to rise, businesses are looking for ways to improve their response and recovery capabilities. AWS is well-positioned to capitalize on this trend, given its existing presence in the cloud computing market and its ability to offer a comprehensive suite of security solutions.

With AWS Security Incident Response, Amazon is betting on its ability to provide a one-stop-shop for businesses looking to improve their incident response capabilities. As the market continues to evolve, it will be interesting to see how AWS' new service is received by customers and how it competes with existing incident response solutions.