Cyber Risk Management Framework

A cyber risk management framework aligns cybersecurity activities with business objectives, risk tolerance, and regulatory requirements through structured governance and operational processes. It encompasses asset inventory, threat and vulnerability assessments, security control implementation, incident response planning, and continuous monitoring. Frameworks like NIST Cybersecurity Framework, ISO 27001, and CIS Controls provide implementation guidance aligned with industry best practices. A financial services firm might adopt the NIST CSF to structure its cybersecurity program across the five core functions: Identify, Protect, Detect, Respond, and Recover. The framework enables risk-informed decision-making about security investments and provides a common language for communicating cyber risk to executive leadership and boards.