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This is a widely recognized international standard for Information Security Management Systems (ISMS). Certification demonstrates a structured approach to managing information security risks, including cyber risks, and involves independent audits.
Developed by the National Institute of Standards and Technology (NIST), this publication provides detailed guidance on how to conduct risk assessments for federal information systems and organizations. It outlines a structured process for identifying, analyzing, and evaluating risks.
Committee of Sponsoring Organizations of the Treadway Commission framework, while primarily focused on enterprise risk management and internal controls, the COSO framework includes principles relevant to identifying and assessing risks, including those related to cyber security and adopted by the AICPA SOC framework. This focuses on the security, availability, processing integrity, confidentiality, and privacy of customer data. Achieving SOC 2 compliance,1 often through an audit and report, validates that service providers have controls in place to protect customer data against cyber risks.
While primarily focused on IT governance and management, COBIT provides valuable principles and practices for managing IT-related risks within the broader enterprise risk landscape. The latest version is COBIT 2019.
RBI's Card Data Tokenization guidelines ensures secure transaction processing and protect card-on-file data for recurring transactions. They replace sensitive card data with unique tokens and manage risks associated with card data storage and processing.
