What is NIST Risk Management Framework?

The NIST Risk Management Framework (RMF) is a structured and comprehensive approach for managing security and privacy risk for organizations and systems. It provides a process that integrates security, privacy, and cyber supply chain risk management activities into the system development life cycle. The RMF is commonly used by U.S. Federal agencies and organizations that handle sensitive government data, but it is also applicable to any organization that wants a robust and standardized way to manage its cybersecurity risks. It involves selecting, implementing, assessing, and monitoring security controls based on risk.