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While specific methods may vary, risk management processes generally include establishing context, conducting risk assessments, and managing risks. Risk management methodologies from standards such as ISO/IEC 27005, BS 7799, NIST SP 800-39, and Risk IT emphasize a structured approach to these processes. [1]
[1] [3] The RMF steps link to several other NIST standards and guidelines, including NIST Special Publication 800-53. The RMF process includes the following steps: Prepare to execute the RMF by establishing a context and setting priorities for managing security and privacy risk at both organizational and system levels.
Many NIST publications define risk in IT context in different publications: FISMApedia [9] term [10] provide a list. Between them: According to NIST SP 800-30: [11] Risk is a function of the likelihood of a given threat-source’s exercising a particular potential vulnerability, and the resulting impact of that adverse event on the organization.
MEHARI has steadily evolved since the mid-1990s to support standards such as ISO/IEC 27001, ISO/IEC 27002, ISO/IEC 27005 and NIST's SP 800-30. The current version of MEHARI Expert (2010) includes links and support for ISO 27001/27002:2013 revision ISMS.
Version 1.1, released in 2018, introduced enhancements related to supply chain risk management and self-assessment processes. The most recent update, Version 2.0, was published in 2024, expanding the framework’s applicability and adding new guidance on cybersecurity governance and continuous improvement practices.
The NIST Computer Security Division develops standards, metrics, tests, and validation programs, and it publishes standards and guidelines to increase secure IT planning, implementation, management, and operation. NIST is also the custodian of the U.S. Federal Information Processing Standard publications (FIPS).
In 2003 FISMA Project, Now the Risk Management Project, launched and published requirements such as FIPS 199, FIPS 200, and NIST Special Publications 800–53, 800–59, and 800–6. Then NIST Special Publications 800–37, 800–39, 800–171, 800-53A.
As of May 2015, the DIACAP was replaced by the "Risk Management Framework (RMF) for DoD Information Technology (IT)". Although re-accreditations via DIACAP continued through late 2016, systems that had not yet started accreditation by May 2015 were required to transition to the RMF processes. [ 1 ]
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