Which framework is commonly used for risk management in information security?

The NIST Risk Management Framework (RMF) is a structured process that guides organizations in managing risk associated with information systems. It provides a comprehensive approach that emphasizes the continuous monitoring of security controls, allowing organizations to assess and respond to risks effectively throughout the system's lifecycle.

This framework is widely recognized and adopted within both government and private sectors due to its alignment with federal standards and requirements, particularly in the United States. It integrates best practices in risk assessment, vulnerability management, and incident response, enabling organizations to identify, control, and mitigate risks proactively.

The NIST RMF also encourages the involvement of stakeholders across the organization, which ensures that security considerations are incorporated into all aspects of information system management. This holistic view helps organizations to not only protect their assets but also maintain compliance with regulatory requirements.

While the other frameworks mentioned do address some aspects of risk management, they focus on different areas or are designed for distinct purposes. For example, COBIT is primarily aimed at IT governance and management; ISO 27001 is more about establishing an information security management system (ISMS) rather than a specific risk management process; and ITIL focuses on IT service management without a dedicated risk management framework. Therefore, the NIST RMF stands out as the most