Risk Management Framework (RMF)
Abstract The Risk Management Framework provides a process that integrates security, privacy, and cyber supply chain risk management activities into the system development life cycle. The risk-based approach to control selection and specification considers effectiveness, efficiency, and constraints due to applicable laws, directives, Executive Orders, policies, standards, or regulations (NIST Risk Management Framework | CSRC. 2016, November 30). With several risk management frameworks to select from, it may be difficult or complicated for an organization to pick the one that is right for them to use and alter to fit their needs. Risk management frameworks that will be discussed in this blogs are, “Operationally Critical Threat Asset and Vulnerability Evaluation” (OCTAVE), “Factor Analysis of Information Risk” (FAIR), “Facilitated Risk Analysis Process” (FRAP), and the “Risk Management Framework” (RMF). Introduction of Risk Management Frameworks OCTAVE Allegro Operationally ...