What is NIST Privacy Framework and why is it important?
The NIST Privacy Framework is a voluntary outline intended to help organizations identify privacy protection activities aligned to the business objectives, company policies and values, regulations, and risk management strategies. This long-awaited framework is a necessary tool in today’s digital and regulatory landscape for many industries.
NIST provides a common language and set of standard activities that are regulatory-agnostic but also flexible enough to use in different businesses and regulatory drivers. With NIST, companies that fall under multiple privacy regulations can use this single framework to take an “implement once, comply with many” approach rather than developing separate programs for each regulation.
The Privacy Framework is also integrated with the NIST Cyber Security Framework, which aids in identifying the overlap between cybersecurity and data privacy activities. The harmonized frameworks facilitate collaboration between cybersecurity and privacy teams within an organization. Although data privacy and cybersecurity activities are closely related, they are not the same. Privacy risks can arise from non-security-related incidents.
A strength of the Privacy Framework is that it is not meant to be a one-size-fits-all checklist. The initial approach guides an organization through a privacy risk assessment. This assessment helps the organization understand what requirements to drive that are suited to their regulatory requirements, business practices, risk tolerance, and ethical values of the company.
The framework also provides a mechanism to assess future data privacy concerns with emerging digital and technology projects, which are critical for today’s changing digital landscape.
Where do I start to implement the NIST Privacy Framework?
SureCloud is the first combination data privacy, risk, and compliance management solution that supports the new NIST Privacy Framework. It provides a Turbo-Tax-like setup to guide a privacy team through the end-to-end workflow of ultimately building a privacy program based on the framework to provide best practice guidance.
The goal is to substantiate and ensure that privacy practices are in place at the organization. For privacy programs in a state of infancy – to those that are fully mature – SureCloud provides flexibility from out-of-the-box guidance to fully configurable templates and workflow to meet company-specific practices. Businesses looking for the best CCPA compliance software and a one-stop-shop solution to all GDPR and compliance conundrums need to look no further.