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The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding the Risk Management Framework (RMF)
The Risk Management Framework (RMF) is a structured process developed by the National Institute of Standards and Technology (NIST) to help organizations identify, assess, and manage cybersecurity risks. The RMF provides a standardized approach to risk management, enabling organizations to understand and mitigate potential security threats while maintaining regulatory compliance. RMF is crucial for assessing third-party vendors, as it ensures that external partners align with an organization’s cybersecurity and risk management standards.
The RMF consists of a multi-step process that includes categorizing information systems, selecting security controls, implementing and assessing those controls, authorizing system operations, and continuously monitoring security posture. By applying the RMF with a knowledgeable partner like CORL, organizations can effectively manage risks to help maintain a high level of security and support regulatory adherence.