ABSTRACT
Global trends related to the development of modern countries and organizations include the dissemination of cyber-physical systems (CPSs). It is emphasized that these systems operate on the border of the digital and physical worlds and offer wide opportunities in many strategic areas. CPSs have the potential to be used in autonomous vehicles, medical systems, and many safety-critical technologies. One of the features of CPSs is the increasing complexity that determines the need to ensure cybersecurity. With the development of this environment, new challenges, vulnerabilities, and threats appear. CPSs are exposed to many threats that may disrupt their functioning and violate information security attributes. Therefore, an essential element for the further development of CPSs is ensuring security and minimizing the risk of threats. This objective can be achieved through appropriate risk management and the implementation of measures to prevent or reduce the effects of threats. The chapter aims to develop a risk management framework to ensure the cybersecurity of CPSs. We analyzed and synthesized the literature in security science, computer science, and management science to review existing approaches to risk management. In addition, this chapter highlights typical threats and vulnerabilities as well as risk minimization mechanisms. Research findings indicate that ensuring the cybersecurity of CPSs requires a holistic approach to risk management. Moreover, the challenges in the organization’s environment determine the need for continuous improvement of the cybersecurity management system for CPSs.
