The National Institute of Standards and Technology posted the newest update to its Risk Management Framework.
“RMF 2.0 is the first framework in the world to address security, privacy, and supply chain risk in an integrated manner — at the organization, mission/business process, and system levels,” NIST Fellow Ron Ross wrote in a Twitter post.
RMF 2.0’s full name is the NIST Special Publication 800-37 Revision 2, Risk Management Framework (RMF) for Information Systems and Organizations: A System Life Cycle Approach for Security and Privacy.
NIST said RMF 2.0 adds a step called Prepare and includes seven major objectives.
Prepare is intended to help organizations facilitate effective communication between executives and employees. It also guides users to enable enterprise-wide identification of privacy and security controls, reduce complexity of IT systems and applications, eliminate unnecessary functions and, ultimately, to prioritize resources for high value assets and protect those accordingly.
NIST listed the seven objectives of the Risk Management Framework.
“By achieving the above objectives, organizations can simplify RMF execution, employ innovative approaches for managing risk, and increase the level of automation when carrying out specific tasks,” NIST added.
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