NIST Cybersecurity Framework: Overview and Business Case

You’ve likely heard about the National Institute of Standards and Technology (NIST) Cybersecurity Framework. This voluntary guideline uses existing and developing industry standards and practices to establish proactive risk management that can be applied to any organization. With the tagline, “Recognizing that the national and economic security of the United States depends on the reliable functioning of critical infrastructure,” the NIST Cybersecurity Framework is meant for two audiences:

  1. The C-suite decision makers who influence the security budget and approach.
  2. The network security professionals who work “in-the-trenches” on a daily basis.

NIST Cyber Security Framework Background

The reason behind creating the framework is best explained by NIST: “Created through voluntary collaboration between industry and government, the Framework consists of standards, guidelines, and practices to promote the protection of critical infrastructure. The prioritized, flexible, repeatable, and cost-effective approach of the framework helps owners and operators of critical infrastructure to manage cybersecurity-related risk.” In short, the framework was developed to help businesses proactively develop and implement risk management practices.

Question

With this goal in mind, many security professionals will also need to justify the effort and expense of learning about and applying NIST Cybersecurity Framework practices to higher-up decision makers. To do so, they will need to be able to answer: what is the business case for NIST?

Answer

In simple terms, this framework can help any organization benchmark their current security posture and define a clear road-map for the future. Additionally, the guidelines and best practices help an organization apply a defense-in-depth risk management approach that will more than pay for the effort and expense of implementation. These proactive practices can help businesses avoid the brand and reputation damage, fines, legal action, and additional consequences of weak and poorly implemented security practices.

If your organization has not yet reaped the benefits of the NIST Cybersecurity Framework, you are falling short in the risk management arena. You simply cannot afford to ignore the NIST Cybersecurity Framework any longer. Security Pursuit can help you successfully navigate and apply the NIST framework in your business environment. Simply reach out below to learn more.