GV.RM-06: A standardized method for calculating, documenting, categorizing, and prioritizing cybersecurity risks is established and communicated

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Subcategory is new to this version of the framework and incorporates the following item from the previous version: ID.RM-1: Risk management processes are established, managed, and agreed to by organizational stakeholders.

Description

[csf.tools Note: Subcategories do not have detailed descriptions. However NIST has provided the following implementation examples.]

Implementation Examples

1st: 1st Party Risk

Ex1: Establish criteria for using a quantitative approach to cybersecurity risk analysis, and specify probability and exposure formulas

Ex2: Create and use templates (e.g., a risk register) to document cybersecurity risk information (e.g., risk description, exposure, treatment, and ownership)

Ex3: Establish criteria for risk prioritization at the appropriate levels within the enterprise

Ex4: Use a consistent list of risk categories to support integrating, aggregating, and comparing cybersecurity risks