After a bank experienced cyber attacks that severely impacted operations and raised questions from regulators,...

In the COBIT 2019 Design Guide, when addressing a high threat landscape, the next step involves identifying appropriate risk management practices:

"The threat landscape design factor influences the prioritization of governance and management objectives, particularly those related to risk management."

This means that after recognizing a high threat landscape, the CIO should focus on identifying and implementing robust risk management practices to address and mitigate these threats effectively.