Identifying and Estimating Cybersecurity Risk for Enterprise Risk Management

Published

November 12, 2021

Author(s)

Kevin Stine, Stephen Quinn, Nahla Ivy, Matthew Barrett, Greg Witte, Larry Feldman, Robert Gardner

Abstract

This document supplements NIST Interagency or Internal Report 8286, Integrating Cybersecurity and Enterprise Risk Management (ERM), by providing additional detail regarding risk guidance, identification, and analysis. This report offers examples and information to illustrate risk tolerance, risk appetite, and methods for determining risks in that context. To support the development of an Enterprise Risk Register, this report describes documentation of various scenarios based on the potential impact of threats and vulnerabilities on enterprise assets. Documenting the likelihood and impact of various threat events through cybersecurity risk registers integrated into an enterprise risk profile helps to later prioritize and communicate enterprise cybersecurity risk response and monitoring.

Citation

NIST Interagency/Internal Report (NISTIR) - 8286A

Report Number

8286A

NIST Pub Series

NIST Interagency/Internal Report (NISTIR)

Pub Type

NIST Pubs

Download Paper

https://doi.org/10.6028/NIST.IR.8286A

Local Download

Keywords

cybersecurity risk management, cybersecurity risk measurement, cybersecurity risk register, enterprise risk management (ERM), enterprise risk profile.

Citation

Stine, K. , Quinn, S. , Ivy, N. , Barrett, M. , Witte, G. , Feldman, L. and Gardner, R. (2021), Identifying and Estimating Cybersecurity Risk for Enterprise Risk Management, NIST Interagency/Internal Report (NISTIR), National Institute of Standards and Technology, Gaithersburg, MD, [online], https://doi.org/10.6028/NIST.IR.8286A, https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=933223 (Accessed April 26, 2024)