The Financial Impact of Cyber Risk

DIN - German Institute for Standardization

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Published by the Internet Security Alliance (ISA)
and the American National Standards Institute (ANSI)

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The Financial Management of Cyber Risk introduces a new framework for managing and reducing the financial risk related to cyber attacks, which threaten businesses, national security, and the international community.

The 76-page document offers a pragmatic action plan that addresses cybersecurity from an enterprise-wide perspective. Developed by a task force of more than sixty industry and government experts, The Financial Management of Cyber Risk: An Implementation Framework for CFOs has been funded and managed by the private sector and is offered as a free resource on cyber risk mitigation for organizations across the country.

Applicable Standards, Frameworks and Guidance Documents

The following list of standards and reference documents is included in Chapter 4 Appendix of The Financial Management of Cyber Risk: An Implementation Guide for CFO’s.

ISO/IEC 27001 and 27002 IT Security Techniques Package
The ISO/IEC 27001 and 27002 IT Security Techniques Package provides the requirements and code of practice to initiate, implement, maintain and improve an information security management system in any size organization. This package helps to identify an organization's security requirements, risks and selecting controls for the requirements and risks using the "Plan-Do-Check-Act" model.

ISO/IEC 27004:2009
Information technology - Security techniques - Information security management - Measurement

ISO/IEC 27005:2008
Information technology – Security techniques – Information Security Risk Management

ISO/IEC 21827:2008
Information technology - Security techniques - Systems Security Engineering - Capability Maturity Models (SSE-CMMr)

NFPA 1600
Standard on Disaster/Emergency Management and Business Continuity Programs (2007)

ISO/IEC 24762:2008
Information technology - Security techniques - Guidelines for information and communications technology disaster recovery services

ISO/IEC 27000:2009
Information technology - Security techniques - Information security management systems - Overview and vocabulary

ISO/IEC 20000-2:2005
Information technology - Service management - Part 2: Code of practice

NIST 800-30
Risk Management Guide For Information Technology Systems

NIST 800-55 Rev 1
Performance Measurement Guide For Information Security

NIST SP 800-100
Information Security Handbook – A Guide For Managers

NIST SP 800-53A Rev. 1
Guide for Assessing the Security Controls in Federal Information Systems

NIST SP 800-51 Rev. 1
Use of the Common Vulnerabilities and Exposures (CVE) Vulnerability Naming Scheme

NIST SP 800-34 Rev. 1
Contingency Planning Guide for Information Technology Systems

NIST SP 800-47
Security Guide for Interconnecting Information Technology Systems

NIST SP 800-50
Building an Information Technology Security Awareness and Training Program

NIST SP 800-16
Information Technology Security Training Requirements: A Role and Performance Based Model

NIST SP 800-61 Rev. 2
Computer Security Incident Handling Guide

NIST SP 800-39
DRAFT Managing Risk from Information Systems: An Organizational Perspective

Control Objectives for Information Technology (CobiT ®)

FFIEC IT Examination Handbook

U.S Department of Homeland Security
Information Technology (IT) Security Essrntial Body of Knowledge (EBK): ACompetency and Functional Framework for IT Security Workforce Development

Other useful reference standards, documents, and guidance include:

ISO/IEC 13335-1:2204
Information technology – Security techniques – Management of information and communications technology security – Part 1:Concepts and models for information and communications technology security management

ISO/IEC 15408-1:2009
Information technology - Security techniques - Evaluation criteria for IT security - Part 1: Introduction and general model

ISO/IEC 15408-2:2008
Information technology - Security techniques - Evaluation criteria for IT security - Part 2: Security functional requirements

ISO/IEC 15408-3:2008
Information technology - Security techniques - Evaluation criteria for IT security - Part 3: Security assurance requirements

The Financial Management of Cyber Risk is a publication of the
American National Standards Institute (ANSI) and the Internet Security Alliance (ISA).

The Financial Impact of Cyber Risk