The National Institute of Standards and Technology (NIST) develops best practice standards to help organizations manage a number of technology-related challenges. NIST Privacy Framework is one of their voluntary tools that businesses can use to align themselves with best practices for identifying and managing privacy risks. Use it to overcome challenges associated with getting a robust privacy program up and running, and avoid cybersecurity incidents and regulatory compliance fines. It has over 100 different controls, and is regulation-agnostic, meaning that it’s adaptable to include new requirements as new regulations come into effect.
So what are the risks of ignoring the NIST Privacy Framework? First and foremost, you put your organization at an increased risk of falling behind on the ever-evolving data privacy regulations that are popping up worldwide every day. Regulations like GDPR and CCPA have laws that if you’re subject to and fail to comply with, there will be serious fines and consequences. NIST Privacy Framework can be instrumental in guiding you through these regulations that are frequently changing and growing.
Manually trying to stay on top of privacy regulations takes a significant amount of time and energy. How do you know exactly what to do, and when, stay up to date and keep an inventory of all data processing devices? NIST Privacy Framework keeps you in alignment, and using LogicManager to facilitate this alignment helps you solve the operational challenges associated with creating that alignment.