As discussed in the segment on Cyber programs and roles, in today’s tech environment it is critical that organizations be pro-active and prepared when considering cyber risk management. Because of the size, complexity, and constant evolution of attack vectors there is no one-size-fits-all way to respond. it is essential to begin somewhere to establish a baseline for identifying the critical components that must be incorporated into any cybersecurity risk management approach. Multiple risk management frameworks have been introduced including: • NIST: National Institute of Standards and Technology (NIST) established by executive order in February 2013. • ISO/IEC Security Control Standard: developed by the International Organization for Standardization and the International Electrotechnical Commission • FFIEC Cybersecurity Assessment – developed for Financial institutions by the Federal Financial Institutions Examination Council • SEC/OCIE Cybersecurity Initiative – developed for brokers by the U.S. SEC’s Office of Compliance Inspections and Examinations • CC Cyber Security Planning Guide – developed by the Federal Communications Commission for small businesses • Although their organization and structures vary, all frameworks attempt to address the same basic functions designed by the NIST Cybersecurity Framework: • Identify • Protect • Detect • Respond • Recover In this course, we will evaluate several attributes critical to the proper establishment of a cyber risk management program. We will delve into the concepts and apply thoughts as to how each component should be evaluated for your organization. The course will utilize the NIST framework as a guide for application. Field of Study: Information Technology