Which framework is commonly used for risk management in network security?

The NIST Cybersecurity Framework is widely recognized and commonly used for risk management in network security due to its comprehensive, flexible, and customizable approach. Developed by the National Institute of Standards and Technology, the framework offers a structured methodology that helps organizations identify, assess, and manage cybersecurity risks effectively.

It consists of five core functions: Identify, Protect, Detect, Respond, and Recover, which guide organizations through the process of improving their cybersecurity posture. By focusing on these functions, organizations can better understand their security requirements, implement appropriate safeguards, and manage vulnerabilities, thereby enhancing their overall risk management capabilities.

This framework also aligns with various standards and regulations, making it easier for organizations to ensure compliance and demonstrate the effectiveness of their security programs. Its emphasis on collaboration among stakeholders and continuous improvement further strengthens the risk management process in the context of network security.