NIST unveils new approach to risk management

Tuesday - 12/14/2010, 3:53pm EST

The National Institute of Standards and Technology unveiled a new approach to how federal agencies and their contractors manage information security risk.

Currently most agencies manage risk using a tactical, system-by-system approach. The new framework would use a three-tiered risk management approach that would move from organization to missions to information systems.

NIST hopes the new approach will allow senior leaders and executives to strategically manage risks.

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