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Aimed at reducing risks to critical information technology infrastructures, The National Institute of Standards and Technology (NIST) released a new recommended cybersecurity framework. At this time the framework is not mandatory for financial institutions, but is supported by many national industry associations and regulatory bodies.
Regardless of your organizationâ€™s size, degree of cybersecurity risk or sophistication implementing this new framework will allow the institution to apply the principles and best practices of risk management to improve security and resilience of your critical infrastructures.
Designed to form an operational culture that addresses the dynamic of cybersecurity risks, the frameworkâ€™s core includes five functions supporting related business activities:
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