You’ve SOC 2-ed from here to eternity, and you’ve got GDPR in the bag, but if you’re truly focused on security maturity, you know that your work is never done. So, what’s next? Perhaps it’s time to focus on the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF).
Unlike GDPR and SOC 2, organizations will face no penalties for noncompliance with the NIST CSF: It’s purely voluntary. Nevertheless, it serves as a singular guideline that CISOs can look to in a world of fragmented cybersecurity regulations.
The framework was first developed in 2014, after President Obama recognized the growing risk to critical infrastructure. His Cybersecurity Enhancement Act (CEA) of that year called to expand the role of NIST to create a voluntary framework in order to identify “a prioritized, flexible, repeatable, performance-based, and cost-effective approach” to manage cyber threats. A 2017 executive order by President Trump took the framework a step further by making it federal government policy.
After years of gathering feedback, version 1.1 of the framework was released in 2018 to provide “a more comprehensive treatment of identity management,” as well as additional information on managing supply chain cybersecurity. As a living document, the NIST CSF will continue to evolve as the industry provides feedback on implementation.
As the standard developed by the United States for managing cybersecurity risk, organizations would do well to take heed. As with any standard, choosing to comply with the NIST CSF demonstrates to your clients that you’re serious about security, while improving your overall security posture and lessening the risk of a data breach and the resulting financial losses, client churn, and reputational loss that go along with it.
Below we’ll help you understand some of the main points of the NIST CSF so you can begin putting it into practice. Read more “What is the NIST Cybersecurity Framework?”