The NIST Risk Management Framework (RMF) provides a structured and comprehensive process for managing security and privacy risk for organizations and systems. It involves categorizing systems, selecting security controls, implementing those controls, assessing their effectiveness, authorizing system operation, and monitoring the controls on an ongoing basis. The RMF is commonly used by U.S. federal agencies and organizations that work with them to ensure a consistent and repeatable approach to cybersecurity risk management.
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