Indonesian Financial Services Authority
4.
Action Plan Implementation
a) Prioritise risks based on their potential impact and likelihood, and focus on deploying resources to the most critical areas. b) Allocate necessary resources, including budget, personnel, and technology, to implement risk treatment measures effectively. c) Timeline: develop a clear timeline, with milestones and deadlines in risk treatment measures. d) Develop and assign clear responsibilities to specific teams to monitor risk treatment measures.
5.
Reporting and Communication
a) Establish regular reporting mechanisms to inform management and stakeholders about the status of risk treatment efforts. b) Communicate with relevant authorities, customers, and other external stakeholders about FSTI Provider’s risk treatment strategies. c) Ensure transparency in risk management practices to build stakeholders’ trust.
By following this structured approach to risk treatment, FSTI Providers can effectively address identified risks, enhance their cybersecurity posture, and ensure the safety and integrity of their operations.
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