[author: Jaclyn Jaeger]
What is a risk management framework?
Implementing the principles and guidelines of a risk management framework (RMF) is not just an effective way to manage current risks, it also provides a structured risk assessment process for risk identification, mitigation, and compliance alignment. This helps organizations more quickly and easily adapt to new and emerging risks, enhancing resiliency overall.
Beyond the wide array of regulatory compliance and operational risks that organizations face, cyber risk has now also taken center stage. With escalating threats caused by artificial intelligence (AI), cyber risk can no longer be viewed as a technology risk alone. Rather, it is a strategic and urgent business issue that must be addressed alongside all other organizational risks.
7 essential risk management frameworks for organizations
This article explores seven essential RMFs organizations should adopt today. Collectively, they address not just traditional risk management concepts, but how to address heightening AI-related threats.
1. ISO 31000:2018 Risk Management Framework
First published in 2009 by the International Organization for Standardization…
