As new regulations call for more comprehensive and robust cybersecurity measures, well-designed procedures for managing compliance risk can help CI entities improve their cybersecurity measures dramatically.
Effective management of compliance risk enables organisations to create cybersecurity risk management programmes guided by good operational technology cyber practices, enhancing operational resilience.
As the CIRMP Rules enable the identification of potential cybersecurity risks associated with critical infrastructure, a risk management programme developed with its guidelines in mind can offer stronger risk resilience—which is what compliance-based risk management facilitates.
A compliant cyber risk management function gives CI organisations a better understanding of their cyber risk landscape. This enables them to make better decisions about cybersecurity strategies and optimise resource allocation toward risk mitigation.
As the CIRMP Rules also necessitate CI entities to report on potential risks, it creates a better overall understanding of the cyber risk landscape for critical infrastructure in general—and helps CI organisations across the board improve their risk resilience in cybersecurity.
By implementing a CIRMP Rules-compliant cybersecurity risk management programme, CI organisations in Australia can optimally manage cyber incidents that may have adverse impacts on related assets.
