NIST CSF 2.0: A Leap Forward in Cyber Risk Management

The addition of "GOVERN" as a first step in the NIST Cyber Security Framework is a major step. 

The National Institute of Standards and Technology (NIST) has taken a pivotal step forward with the release of the Cybersecurity Framework (CSF) 2.0. This update is not just a progression; it's a transformation that places cyber risk management at the forefront, aligning technical cybersecurity measures with strategic cyber risk governance.

Operationalizing Cyber Risk Management:

Clarity in cyber risk leads to informed decisions. Here’s how CSF 2.0 helps organizations:

• Prioritize cybersecurity initiatives effectively.
• Make data-driven investment decisions.
• Assess and compare the security posture of various facilities.
• Allocate resources strategically to protect critical business areas.
• Determine appropriate cyber insurance coverage.

Adding GOVERN in CSF 2.0 is a game changer:

The inclusion of 'GOVERN' is a major update. It signals the integration of cyber risk into every discussion related to cybersecurity, enabling a more business-oriented approach to risk management.

Demystifying Cyber Risk with DeNexus:

Quantifying cyber risk can seem daunting, but DeNexus simplifies the first step. Our risk modeling is grounded in industry-standard models like FAIR and MITRE ATT&CK. The output is an executive report that provides insights for risk management and compliance, including the SEC cybersecurity rule requiring annual reporting (10-K) of cyber risk management and governance.

Advanced Analytics for Proactive Cyber Defense in OT environments:

By continuously ingesting and analyzing risk metrics and comparing your organization to industry benchmarks, DeNexus offers unparalleled insights into fundamental metrics for any risk management:

• Value at Risk (95th percentile)
• Value at Risk (99th percentile)
• Most Probable Loss
• Annual Expected Loss
• Main Types of Potential Loss
• Main Drivers of Potential Loss
• Loss Exceedance Curve

Using DeNexus, you can stay ahead of the curve by benchmarking your level of cyber risk against industry peers and measure your level of security maturity against the NIST framework.

Take Control of Your Cyber Risks:

Begin your path to enhanced cyber risk understanding with our complimentary access to the DeRISK platform. It’s more than a tool—it’s your gateway to turning cyber risk management into a strategic advantage. Start today and lead your organization toward a more secure tomorrow.