Risk Framework Management

Risk framework management is a structured process for identifying, assessing, evaluating, mitigating and managing risks to organizational assets. There are numerous risk frameworks in information security that organizations can adopt to identify, evaluate and mitigate risks. Risk frameworks can serve as a foundation for frameworks that organizations may customize to suite their unique needs. This means, organizations should not develop and manage their own risk frameworks from scratch rather should rely on existing risk frameworks to address their requirements of risk management endeavors. This approach will help organizations to have feature rich and mature risk frameworks instead of relying on some framework that is not well tested and evaluated internationally. In addition, this is cost effective and easy to map various qualities of different risk frameworks to the organizational needs.

Risk framework management helps organizations to address assessments, control and monitoring requirements, evaluation and auditing of information and information systems. Moreover, the overall objective of all risk frameworks is to enable internal security controls and processes to bring risk to acceptable level. There are different international and industry-specific risk frameworks that organizations can adopt depending on the nature of their business requirements.

Unique characteristics of risk framework management should include features such as:

• Standardized
• Consistent
• Measurable
• Comprehensive
• Modular

There are dozens of risk framework management that organizations can adopt to meet their risk management requirements. The following are some of the most popular risk frameworks in use in cybersecurity:

• ISO 31000:2018
• ISO/IEC 27005:2011, “Information technology— Security techniques — Information security risk management”
• NIST Special Publication 800-37,“Guide for Applying the Risk Management Framework to Federal Information Systems”
• COBIT 5
• TOGAF

The most comprehensive risk management framework (RMF) from NIST (NIST Special Publication 800-37) has the following main components:

• Prepare
• Categorize
• Select
• Implement
• Assess
• Authorize
• Monitor

PC Gaming Headset Headphone Hook Holder Hanger Mount, Headphones Stand with Adjustable & Rotating Arm Clamp, Under Desk Design, Universal Fit, Built in Cable Clip Organizer EURPMASK

(27354)

$12.99 (as of 04/07/2024 16:24 GMT -04:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

🎧【Clamp-on Headphone Stand】The E-Hold Series headphone holder fits desks from 0.31 inch to 1.57 inch thick, making it a versatile choice for most setups. The spring clamp is a breeze to remove and reattach. No glue, no mess. It blends seamlessly into... read more

FUNYET 14 Inch Laptop Computer, Gaming Laptop, 8GB RAM 256GB SSD, Intel Celeron N5095 Processors, FHD 1920 x 1080, Supports 180 Angle Opening, Windows 11 Pro

$249.99 (as of 04/07/2024 16:48 GMT -04:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Unmatched Performance: Powered by an 11th generation Celeron N5095 processor with 4 cores and 4 threads, this laptop ensures seamless operations at speeds of up to 2.9 GHz, delivering an unmatched level of performance, whether for work or play. Effor... read more

Laptop Cleaning Kit Keyboard Cleaner, Keyboard Cleaning Kit Electronics Cleaning Tool for MacBook iPad Phone iPhone Pro, Brush Tool for Tablet, Computer, PC, TV Camera Lens Computer Vacuum Keyboard

(2045)

$16.98 (as of 04/07/2024 16:24 GMT -04:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

DEEP CLEAN YOUR DEVICE The electronics cleaner kit can effectively deep clean all your electronic devices such as mobile phones, tablets, TVs, etc. It comes with retractable large keyboard brush, polishing cleaning cloth X 2, keycap puller, metal pen... read more

HP Elite Desktop PC Computer | Intel Quad-Core i5 | 8GB Ram | 1TB HDD | 24 Inch LCD Monitor (1080p HDMI), RGB Keyboard + Mouse | Desk Speakers | WiFi + Bluetooth | Windows 10 (Renewed)

13% Off $156.00 $135.00 (as of 04/07/2024 16:15 GMT -04:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

[INTEL POWERED MULTI-TASKING] - Built with a quad-core Intel i5 processor and 8GB of DDR3 RAM; Perfect as a home office computer, remote learning, or media center [LATEST WIRELESS TECH] - This HP Desktop Computer easily connects to the internet throu... read more