Six Reasons Why Businesses Should Adopt the NIST CSF
With the combined expertise of 3000 industry professionals, including CyberSaint's own team members, the NIST cybersecurity is the most comprehensive cybersecurity framework to date. The framework is currently used by 30% of U.S. companies and the number of businesses adopting the NIST CSF is constantly growing. Below is a short list of just some of the benefits of adopting the framework for businesses.
1) Improved Cybersecurity
The CSF represents the collective experience of thousands of information security professionals. It is widely recognized as industry best practice and the most comprehensive, in-depth set of controls of any framework. Organizations that implement are safer and more resilient.
2) Built For the Long-Term
The CSF takes the organization out of the ‘one-off’ audit compliance mindset, and into a more adaptive and responsive posture. Continuous compliance is a much stronger strategy in the long run.
3) The ‘Halo Effect’
We have seen instances where partners or clients ask an organization: “Where are you on the Framework?” This can be a deal killer. Compliance is a becoming a substantive selling point. In the not too distant future, cross-industry partners will regularly ask each other for status updates on the CSF.
4) Improved Communication
The CSF comes out of a risk-based approach, which executives understand very well. This folds IT security into an enterprise management framework aligned with business goals. The result is better communication and decision-making throughout an organization. Security budgets will be better spent. Widespread adoption will also foster a shared security vocabulary, which will facilitate improved communication across industries and between partners.
5) Flexibility and Adaptability
The CSF is by far the most flexible framework. It has been successfully adopted by many industries, from large critical infrastructure firms in energy, transportation, and finance, to small and medium sized enterprises. It is highly customizable, and the Core Functions are an intuitive and easy to grasp blueprint that speeds adoption and provides ongoing guidance.
6) Future Regulatory Compliance and Liability
Organizations that implement the Framework soon will be in a much better position as regulations and laws change. There is an acceleration at the level of federal and state government towards mandatory CSF compliance. This trend impacts private industry and not just in critical infrastructure. The Federal Trade Commission, in its data protection enforcement cases, is using the Framework as a standard. The compliance bar is rising, and that trend is likely to continue for all industries.
It is clear that the NIST CSF has immense benefits to businesses and government agencies alike. The latest Version 1.1 of the CSF augments the Framework with contributions on cybersecurity measurement, supply chain risk management, and further refinements. CyberSaint's offering streamlines the NIST CSF adoption process and creates a quick, cost-effective route to effective cyber risk management.
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