How does the NIST Cybersecurity Framework assist in risk management?

The NIST Cybersecurity Framework assists organizations in managing and reducing cybersecurity risks effectively by providing a structured approach to cybersecurity based on international best practices and standards. It helps organizations to assess and improve their cybersecurity posture by providing guidelines, best practices, and a common language for discussing cybersecurity risk management. The framework also enables organizations to identify and prioritize their cybersecurity risks, establish processes for risk management, and implement cybersecurity controls to protect their systems and data. Additionally, the NIST Cybersecurity Framework promotes collaboration and communication between different stakeholders within an organization to create a more robust cybersecurity program.