A cybersecurity risk management framework establishes repeatable processes for managing cyber threats throughout their lifecycle, typically incorporating threat intelligence, vulnerability assessment, control implementation, and incident response. Common frameworks include NIST CSF, ISO 27005, and FAIR for cyber risk quantification. The framework enables organizations to prioritize cybersecurity investments based on risk exposure and business impact. A retail organization might apply such a framework to assess ransomware threats to point-of-sale systems, evaluate the effectiveness of multi-factor authentication controls, and justify security budget allocations based on quantified risk reduction.