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NIST CSF 2.0
Browse NIST CSF 2.0
GV.RM-01 GV.RM-02 GV.RM-03 GV.RM-04 GV.RM-05 GV.RM-06 GV.RM-07
Risk Appetite and Risk Tolerance Statements
GV.RM-02: Risk appetite and risk tolerance statements are established, communicated, and maintained
  • Ex1:  Determine and communicate risk appetite statements that convey expectations about the appropriate level of risk for the organization
  • Ex2:  Translate risk appetite statements into specific, measurable, and broadly understandable risk tolerance statements
  • Ex3:  Refine organizational objectives and risk appetite periodically based on known risk exposure and residual risk
Tier
Not Applicable - Not applicable
No - The outcome(s) have not been meaningfully implemented.
Tier 1: Partial - Application of the organizational cybersecurity risk strategy is managed in an ad hoc manner. Prioritization is ad hoc and not formally based on objectives or threat environment.
Tier 2: Risk Informed - Risk management practices are approved by management but may not be established as organization-wide policy. The prioritization of cybersecurity activities and protection needs is directly informed by organizational risk objectives, the threat environment, or business/mission requirements.
Tier 3: Repeatable - The organization’s risk management practices are formally approved and expressed as policy. Risk-informed policies, processes, and procedures are defined, implemented as intended, and reviewed. Organizational cybersecurity practices are regularly updated based on the application of risk management processes to changes in business/mission requirements, threats, and technological landscape.
Tier 4: Adaptive - There is an organization-wide approach to managing cybersecurity risks that uses risk-informed policies, processes, and procedures to address potential cybersecurity events.
Description

Risk appetite and risk tolerance statements are established, communicated, and maintained