WHAT I NIST?

NIST stands for National Institute of Standards and Technology. The NIST Cybersecurity framework is a gold standard for FinTech firms.

There are a few key things to keep in mind:
NIST places the responsibility for cybersecurity at three levels within the organization:

  • Executive

  • Business/Process

  • Implementation/Operations

Source: NIST

2. . The NIST Framework Core provides a set of activities to achieve specific cybersecurity outcomes, and references examples of guidance to achieve those outcomes. The Core presents key cybersecurity outcomes that are essential for managing cybersecurity risk:

  • Functions

  • Categories

  • Subcategories

  • Informative References

Each company needs to think through and adapt the framework in a way that fits its specific needs, and then implement it. AlphaMille helps you do just that.

If interested, please read the full paper on NIST .

Source: NIST