What should organizations do after identifying and assessing risks?

After identifying and assessing risks, it is essential for organizations to develop a risk management plan to effectively address and mitigate these risks. This plan serves as a comprehensive framework that outlines the strategies and measures to be implemented in order to reduce vulnerabilities and protect against potential threats.

Creating a risk management plan involves prioritizing risks based on their potential impact and likelihood, determining appropriate mitigation strategies, allocating resources, and establishing procedures for monitoring and reviewing risk management efforts. This proactive approach ensures that the organization not only reacts to current risks but is also better prepared for future threats, thus enhancing the overall cybersecurity posture of the Industrial Automation and Control Systems (IACS).

While conducting a detailed compliance audit, increasing physical security, and engaging stakeholders are important actions within the broader context of risk management, they should typically follow the formulation of a tailored risk management plan. A risk management plan is foundational as it directly addresses how the organization intends to tackle the identified risks, making it a critical step in the cybersecurity process.