Just Released! Risk Management in the Enterprise: NIST SP 800-221 & NIST SP 800-221A

Information and Communications Technology (ICT) spans all tools, devices, data, infrastructure, and components and it’s a broad concept that continues to evolve. Enterprise Risk Management (ERM) programs should consider ICT risks alongside those in other risk disciplines like financial or legal which consider the impact on mission and business objectives, strategic planning, and oversight. To aid in this endeavor, NIST is providing guidance, especially for executive decision-makers, risk officers, and those responsible for governance and risk management practices.

Today, NIST is issuing best practices on how to better integrate ICT risk programs into an overarching ERM portfolio—given special attention to coordination and communication across risk programs. These resources will help ICT risk practitioners at all levels of the enterprise and across private and public sectors to better understand and practice ICT risk management in coordination with ERM. 

• NIST Special Publication 800-221, Enterprise Impact of Information and Communications Technology Risk: Governing and Managing ICT Risk Programs Within an Enterprise Risk Portfolio
  This publication helps in understanding the relationship between ICT risk management and ERM—and the benefits of integrating those approaches.  This includes ICT risk guidance on how all ICT risk programs, including individual programs such as privacy, supply chain, and cybersecurity, integrate into ERM.
• NIST Special Publication 800-221A Information and Communications Technology (ICT) Risk Outcomes: Integrating ICT Risk Management Programs with the Enterprise Risk Portfolio 
  This publication provides desired outcomes and applicable references common across all types of ICT risk; it offers a common language for understanding, managing, and expressing ICT risk to internal and external stakeholders and can help identify and prioritize actions to reduce ICT risk.  The core of this publication can be browsed and downloaded in popular formats such as JavaScript Object Notation (JSON) and Microsoft Excel (XSLS) using the NIST Cybersecurity and Privacy Tool (CPRT).

These publications were developed in close collaboration with private and public sector experts. NIST appreciates and looks forward to further collaboration and feedback from the community. Questions or ideas? Reach out to us via ictrm [at] nist.gov (Subject: Comments%20on%20NIST%20SP%20800-221%20ipd) (ictrm[at]nist[dot]gov).