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ARTICLE · 22 MARCH 2024

Five words to manage cybersecurity risk

Five words – identify, protect, detect, respond, and recover – have become taglines in the world of cyber risk management.

AustraliaTechnology

It's been 10 years since NIST Cybersecurity Framework (CSF) was updated.

This is a long time if you think about how much the world of cybersecurity and the sophistication of its criminals has changed in that period. 

Following a lengthy consultation process by the U.S. Government and the National Institute for Standards and Technology (NIST), a new framework has been published and it represents a significant leap forward in how organisations view and manage cyber risk.  

The NIST CSF has become the world's most popular. Its five headline words that describe the functions it recommends – identify, protect, detect, respond, and recover – have become taglines in the world of cyber risk management. Now, the latest version of the NIST CSF adds a sixth function – govern, which address a critical gap that existed in the earlier version: that organisations need responsible, accountable, consulted and informed decisions and decision makers to manage an organisation's

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