What Are the Problems with Risk Management? 

risk management challenges featured

In our previous article, we discussed the concept of risk management–what it is and why it’s important. 

However, risk management in cybersecurity isn’t new, and many organizations are working towards normalizing risk as an approach for comprehensive cybersecurity and compliance efforts. 

While this move is a good one, we also find that many organizations will over-rely on frameworks as an end-all, be-all approach to security, which can prove more confusing than helpful. 

 

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NIST 800-30 and the Risk Assessment Framework

NIST SP 800-30 risk management featured

Risk assessment has been and continues to be, one of the more challenging cybersecurity practices that many organizations will put into place. Unlike simple security control implementation and maintenance, risk assessment calls for your organization to understand how adopting, or not adopting, particular controls, operations or processes can impact security.

As the federal government and the defense supply chain are turning more and more attention to the importance of cybersecurity (including President Biden’s Executive Order on the subject and the several bills in Congress addressing limitations in our security posture), businesses working in that area will be expected to implement risk-based compliance. This fact, in turn, means that you must understand critical government frameworks that speak about risk. 

In this article, we are discussing NIST 800-30 and how it serves as a foundation for risk assessment in government compliance. 

 

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What is the Risk Management Framework (RMF)?

RMF featured

The Defense Industrial Base (DIB) supply chain is integral to the security and well-being of our country and includes everyone from government agencies to IT contractors providing software, applications and cloud services to those agencies. It seems obvious that the regulations pertaining to these companies and their products would be more stringent than others, and would include more than simple security measures. That’s where RMF plays a major role. 

In this article, we discuss RMF and how it breaks down into actionable steps. Furthermore, we will discuss the importance of risk management for DoD contractors and why you should work with experts in managing your own risk. 

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