What should be done after a risk assessment is completed?

After completing a risk assessment, it is crucial to review the findings thoroughly and develop an action plan based on those results. This step ensures that the organization can address identified risks effectively and implement necessary measures to mitigate them. By fostering a proactive approach, the organization not only improves its security posture but also demonstrates a commitment to continuous improvement in risk management practices.

Developing an action plan involves determining appropriate responses for each identified risk, which may include implementing controls, transferring risk, or accepting the risk based on the organization's risk tolerance. This process aids in prioritizing actions based on the level of risk severity and potential impact on the organization, thereby allocating resources strategically and effectively.

In contrast, ignoring the findings or simply storing the assessment without action fails to address vulnerabilities, potentially leading to adverse consequences. Additionally, limiting communication to only upper management can prevent broad organizational engagement in the risk management process, leaving critical stakeholders uninformed and unprepared to act on the risks identified. Engaging a wider audience ensures that everyone understands their roles in risk mitigation and can contribute to building a more resilient organization.