Staging Cybersecurity Risks for Enterprise Risk Management and Governance Oversight NIST Release

NIST has released Draft NISTIR 8286C, Staging Cybersecurity Risks for Enterprise Risk Management and Governance Oversight, for public comment. This report completes the cybersecurity risk management (CSRM) and enterprise risk management (ERM) integration cycle described throughout the NISTIR 8286 series. Draft NISTIR 8286C describes methods for combining risk information from ...

NIST has released Draft NISTIR 8286C, Staging Cybersecurity Risks for Enterprise Risk Management and Governance Oversight, for public comment. This report completes the cybersecurity risk management (CSRM) and enterprise risk management (ERM) integration cycle described throughout the NISTIR 8286 series.

Draft NISTIR 8286C describes methods for combining risk information from across the enterprise, including notional examples for aggregating and normalizing the results from cybersecurity risk registers (CSRRs) while considering risk parameters, criteria, and business impacts. The resulting integration and normalization of risk information informs enterprise-level risk decision-making and monitoring, which helps create a comprehensive picture of the overarching cyber risk. The report describes the creation of an enterprise risk profile (ERP) that supports the comparison and management of cyber risks along with other risk types.

Draft NISTIR 8286C builds on several previous reports:

The NISTIR 8286 series enables risk practitioners to integrate CSRM activities more fully into the broader enterprise risk processes. Because information and technology comprise some of the enterprise’s most valuable resources, it is vital that directors and senior leaders have a clear understanding of cybersecurity risk posture at all times. It is similarly vital that those identifying, assessing, and treating cybersecurity risk understand enterprise strategic objectives when making risk decisions.

The authors of the NISTIR 8286 series hope that these publications will spark further industry discussion. As NIST continues to develop frameworks and guidance to support the application and integration of information and technology, many of the series’ concepts will be considered for inclusion.

The public comment period is open through March 11, 2022. See the publication details for a copy of the draft and instructions for submitting comments.

Read more.

Enterprise Risk, News

Sponsored Content
Featured Video

Webinars, Podcasts & Videos

Business Continuity Webinar

Did You Miss Our Latest Business Continuity Webinar?

It's not too late! You can still watch the “Business Continuity Exercise Planning and Facilitation Techniques To Start Now” video webinar.

facility resilience webinar

From Prevention To Action: The Role Of Facilities Management In Handling Emergencies And Maintenance

This free webinar on facility resilience will provide actionable strategies to safeguard assets, protect lives, and ensure operational continuity.

adaptive decision-making

Listen Now: Decision-Making During A Crisis

Robert C. Chandler, Ph.D, Founder and Principal of Emperiria discusses his research on adaptive decision-making in this podcast.

Receive the latest articles in your inbox

Share to...