Replace it if necessary.

Inner Tube Inspection
Spring Tension InspectionMode-switching
Depress the S-KTRC button on the left handlebar switch
to change the mode. The mode can be changed only when
the throttle grip is closed completely.
The S-KTRC OFF can be selected only when the motorcycle
is at a stop. Changing to mode 1 from S-KTRC OFF
is possible while riding.
NOTE
...
KIBS Troubleshooting Outline
When an abnormality in the system occurs, the ABS indicator
light (LED) and KIBS indicator light (LED) light up and
the KIBS warning symbol are displayed on the LCD (Liquid
Crystal Display) to alert the rider. In addition, the nature of
the fault is stored in the memory of the KIBS hydraulic uni ...
Oil Pressure Switch Installation
Using a high flash-point solvent, clean off any oil or dirt
that may be on the silicone sealant coating area. Dry
them with a clean cloth.
Apply silicone sealant to the threads of the oil pressure
switch, and tighten it.
Sealant - Liquid Gasket, TB1211: 56019-120
Torque - Oil Pressure ...