Name one framework used for managing cyber security risks.

The NIST Cybersecurity Framework is widely recognized as a comprehensive framework for managing cybersecurity risks. It provides a structured approach that organizations can adopt to identify, protect, detect, respond to, and recover from cybersecurity incidents. This framework is built on core functions and is designed to be flexible and adaptable to various types of organizations, regardless of their size, industry, or existing cybersecurity practices.

By focusing on risk management and prioritization, the NIST Cybersecurity Framework allows organizations to align their cybersecurity efforts with business objectives, ensuring that security measures are both effective and relevant. It helps organizations assess their current cybersecurity posture, set goals for improvement, and implement strategies to mitigate risks effectively.

While other frameworks mentioned can address various aspects of IT governance and compliance, they do not specifically focus on managing cybersecurity risks in the same structured and comprehensive manner as the NIST Cybersecurity Framework does. For example, the ISO 20000 framework pertains to service management, the GDPR compliance framework relates to data protection and privacy regulations, and the ITIL framework deals with IT service management practices. These frameworks are valuable in their contexts but do not specifically target cybersecurity risk management in the way that the NIST Cybersecurity Framework does.