Control(s)
Category
Risk Management Strategy (GV.RM-P): The organization’s priorities, constraints, risk tolerances, and assumptions are established and used to support operational risk decisions.
Subcategory
- GV.RM-P1: Risk management processes are established, managed, and agreed to by organizational stakeholders.
- GV.RM-P2: Organizational risk tolerance is determined and clearly expressed.
- GV.RM-P3: The organization’s determination of risk tolerance is informed by its role(s) in the data processing ecosystem.
Function
- GOVERN-P (GV-P)
What is the NIST Privacy Framework
The NIST Privacy Framework is a voluntary tool for improving privacy through Enterprise Risk Management, to enable better privacy engineering practices that support privacy by design concepts and
help organizations protect individuals’ privacy. The Privacy Framework can support organizations in:
- Building customers’ trust by supporting ethical decision-making in product and service design or
deployment that optimizes beneficial uses of data while minimizing adverse consequences for
individuals’ privacy and society as a whole;1 - Fulfilling current compliance obligations, as well as future-proofing products and services to
meet these obligations in a changing technological and policy environment; and - Facilitating communication about privacy practices with individuals, business partners,
assessors, and regulators.
Source: https://www.nist.gov/privacy-framework/privacy-framework
Note: NIST and related copyright and trademarks belong to their respective owner(s). This guide is for educational purposes only.