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Incident Response Planning refers to a systematic approach designed to facilitate effective and timely responses to security incidents. This involves creating a comprehensive plan that outlines processes, procedures, roles, and responsibilities for managing different types of cybersecurity events. The goal is to minimize damage, recovery time, and costs associated with incidents while ensuring compliance with regulatory requirements. Incident Response Planning plays an integral role in Vulnerability Management as it enables organizations to prepare for potential attacks by establishing clear protocols that can be implemented when vulnerabilities are exploited. By having a well-defined plan in place, security teams can respond more quickly and efficiently to incidents, thereby reducing the impact of these events on network security and overall technology infrastructure. This approach not only helps improve incident response capabilities but also contributes significantly towards maintaining robust security postures in today's complex threat landscape.