What is NIST SP 800-30?

NIST Special Publication 800-30 is a NIST publication that provides guidance for conducting risk assessments of federal information systems and organizations. It presents a risk management process that integrates security and privacy activities into the system development life cycle. It defines risk as a function of the likelihood of a threat exploiting a vulnerability and the resulting impact. It is commonly used by organizations to identify, assess, and respond to cybersecurity risks, enabling them to make informed decisions about resource allocation and risk mitigation strategies to protect their valuable assets.