The Cybersecurity Guide to Governance, Risk, and Compliance

CHAPTER 8The NIST Risk Management Framework

“The NIST RMF (Risk Management Framework) is a pillar of cybersecurity effectiveness, providing a structured approach to identify, assess, and mitigate risks. It empowers organizations to confidently navigate the turbulent seas of cyber threats, ensuring the preservation of critical assets and fostering a culture of resilience in the face of ever‐evolving challenges.”

The National Institute of Standards and Technology's Risk Management Framework (NIST RMF) serves as a defining model for cybersecurity management. Understanding the intricacies of the RMF's authorization process and practical implementation methods is vital. The framework plays a significant role in meeting compliance and regulatory expectations, and when integrated into an organization, it aids in risk assessment and management. Additionally, the RMF can be used in technology implementation and managing third‐party risks, with an acknowledgment of the challenges faced during implementation and potential solutions to these problems.

THE NIST RISK MANAGEMENT FRAMEWORK

The National Institute of Standards and Technology (NIST) Risk Management Framework (RMF) is integral to any cybersecurity management program. Originating from NIST Special Publication 800‐37, it is designed to aid organizations in understanding, managing, and mitigating the risks associated with their information systems. The framework comprises a series of guidelines and recommendations that provide ...