How does FAIR suggest addressing the results of a risk assessment?

FAIR emphasizes the importance of a structured approach to risk management, which involves prioritizing identified risks based on their potential impact and likelihood. This allows organizations to allocate resources effectively and focus on the most significant threats. By prioritizing risks, organizations can implement appropriate mitigation measures, thereby ensuring they address the highest risks first.

Prioritizing risks does not mean that lower-priority risks are ignored altogether; rather, they are managed in a way that balances overall risk exposure with resource availability. This structured approach aligns with the overall goal of FAIR, which is to provide a more quantitative foundation for understanding and managing risk, ensuring that decision-making is based on data and objective analysis.

Collecting more data and reporting findings are certainly valuable actions within the risk management framework, but they do not directly address how to manage or respond to the risks identified through the assessment. Ignoring low-priority risks, on the other hand, can lead to vulnerabilities that could be exploited and potentially result in significant consequences. Therefore, prioritization combined with appropriate mitigation is essential for effective risk management as advocated by FAIR.