With an ever-growing volume of data and sensitive information within our organisations and an expanding threat of data breaches, a practical way of identifying and managing security controls has become a top priority. However, while most businesses realise the importance of building a robust cybersecurity program, the reality can be overwhelming.
Fortunately, cyber security frameworks such as ISO 27001 and NIST CSF (National Institute of Standards and Technology Cyber Security Framework) can act as a key resource to help businesses improve their cybersecurity and implement organisation-wide controls. In our previous blog, we talked about ISO 27001 and why you might adopt and certify to that standard. In this article, we are going to provide an overview of NIST CSF.
NIST is an organisation responsible for establishing technology, standards, and metrics to be applied to industries in both public and private sectors in the United States.
The NIST Cybersecurity Framework (NIST CSF) is a risk-based approach to managing cybersecurity threats, vulnerabilities, and incidents. The framework is a voluntary guidance, based on existing standards, guidelines, and practices for organisations to better manage and reduce cyber security risk. By helping organisations understand how to adequately protect data and advising as to which security measures need to be in place, NIST helps to create a level of industry-wide uniformity.
The NIST CSF is composed of five core functions to inform its standards and guidelines: Identify, Protect, Detect, Respond and Recover. These functions are designed to help organisations adopt a comprehensive approach to managing their cyber security needs. For example:
There are hundreds of security-related standards published by NIST, e.g. NIST 800 series. However, NIST CSF is a gold-standard that enables businesses of all sizes to adopt and implement a risk-based cybersecurity framework.
It’s difficult to estimate exactly how many organisations are NIST compliant worldwide, as the framework is voluntary and there is no central registry tracking adoption. However, recent research from Forrester estimates that there are more than 20,000 organisations in the U.S. alone that have adopted some form of NIST cybersecurity compliance measures.
Additionally, the European Union's Network and Information Security (NIS) Directive requires all member countries to adopt an equivalent standard such as NIST CSF for risk management and incident response purposes.
Data breaches can have a devastating impact on any business. Not only can finances be squeezed, but productivity can ground to a halt and reputation irreversibly damaged. Therefore, NIST CSF compliance is so important – it creates a foundation for protecting sensitive information and managing risks by focusing on an outcome-driven approach.
Based on best practices, by implementing NIST CSF guidelines and recommendations, companies can realise many benefits:
By using the NIST CSF, businesses can gain a common language and efficient methodology for managing cybersecurity risk. The required controls and activities across Identify, Protect, Detect, Respond and Recover can be tailored to meet company needs and work alongside existing cybersecurity programs and processes.
By following a well-crafted framework, organisations are able to identify areas where they can make improvements, be it by strengthening processes or implementing new solutions. Businesses can prioritise cost-effective activities, set expectations and leverage the implementation of new processes to build trust with stakeholders.
While complying with the NIST CSF framework is clearly beneficial for your business, getting started is often the difficult part. However, with cybersecurity rapidly becoming a board and CEO-level issue, lack of skilled personnel is no reason for non-compliance.
Fortunately, Infotrust can take care of this entire process for you. Our team is highly experienced in consulting organisations of all shapes, sizes, and industries on the NIST CSF framework – our expert NIST consultants can help your business achieve compliance, implement organisation-wide controls and improve your cybersecurity.
We specialise in end-to-end cyber security solutions; from consulting and advisory services to awareness training, penetration testing, incident response and more.
For more information about how Infotrust can help your organisation become complaint with NIST CSF standards and guidelines, don’t hesitate to contact us for a consultation.
Stay tuned for our next blog, where we will compare the NIST and ISO standards. If you’d like to read our previous blog on why you should be ISO certified, click here.