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FISMA, NIST and the Risk Management Framework – Part 2

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FISMA, NIST and the Risk Management Framework – Part 2

In this lesson, Subject Matter Expert (SME) Kelly Handerhan discusses the importance of the following documents in understanding and using the Risk Management Framework:

  • FIPS-199 and its standards for security standardization (low, moderate, and high risks and the application of the high water mark in assessing risk)
  • FIPS-200 and its minimum security requirements for the categories defined in federal information and information systems (definition of 17 security-related categories – plus an additional one used in RMF — and implementation of customized minimum baselines for security controls)
  • NIST SP 800-30, REV 1 – a guide for conducting risk assessment
  • NIST SP 800-39 – managing information security risk

In this lesson you will learn:

  • the three levels of impact of security breaches
  • how to determine an information security system category based on specific criteria
  • how to implement the minimum baseline of security controls
  • integration of security controls and an organization’s goals
  • the risk assessment three-step process in the context of four risk factors
  • types of risk assessments
  • how to manage information security risk
  • making risk management user friendly


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