Which two security frameworks are commonly used in risk management?

The NIST Risk Management Framework (RMF) and ISO/IEC 27001 are both widely recognized frameworks that provide structured approaches to managing risk in information security.

The NIST RMF offers a comprehensive process for integrating security, privacy, and risk management activities into the system development lifecycle. It emphasizes continuous monitoring and improvement, enabling organizations to adapt to evolving threats and vulnerabilities.

ISO/IEC 27001, on the other hand, is part of the ISO/IEC 27000 family of standards focused on information security management systems (ISMS). It provides a systematic approach to managing sensitive information, ensuring its confidentiality, integrity, and availability. This framework helps organizations identify, assess, and treat information security risks effectively.

Together, these frameworks facilitate a proactive stance on risk management, guiding organizations to develop security policies, implement controls, and maintain compliance with relevant regulations. Their popularity stems from their robust methodologies that align with industry best practices and regulatory requirements, making them integral to effective risk management strategies.