The NIST Cybersecurity Framework (NIST CSF) provides a framework, based on existing standards, guidelines, and practices for private sector organizations in the United States to better manage and reduce cybersecurity risk. It was created by the NIST (National Institute of Standards and Technology) as an initiative to help organizations build stronger IT (information technology) infrastructures.
In addition to helping organizations prevent, detect, and respond to cyber threats and cyber attacks, the CSF was designed to improve cybersecurity and risk management communications among internal and external stakeholders.
NIST operates under the US Department of Commerce
The framework is increasingly adopted as best practice, with 30% of U.S. organizations using it as of 2015. This adoption helps businesses improve their security posture and overall cyber threat resilience.
With the average cost of a data breach reaching $4.35 million, investing in tools to continuously monitoring and rating the vendor’s security is a must for organizations around the world.
Learn how UpGuard streamlines Vendor Risk Management >
The NIST Cybersecurity Framework (NIST CSF) is a set of guidelines and best practices published by the U.S. National Institute of Standards and Technology (NIST). NIST is a non-regulatory agency operating under the U.S. Department of Commerce that develops standards and guidelines to advance measurement science, standards, and technology for information systems.
The framework originated in response to Executive Order 13636 in 2013, which directed NIST to collaborate with the private sector to develop a voluntary framework for reducing cybersecurity risk to critical infrastructure. The high-level, adaptable nature of the NIST CSF quickly led to its adoption far beyond the U.S. as a global model for risk management. In fact, while the NIST CSF provides voluntary best practices, other major economic bodies have moved toward more regulatory measures.
Exploring the EU Cybersecurity Certification Framework highlights this difference, as it provides a structured, pan-European regulatory approach for certifying ICT products and services. The NIST CSF first version, NIST CSF 1.0, was released in 2014 and quickly became a de facto standard across various industries, not just critical infrastructure sectors.
The framework is meant to be a living document and was updated in 2018 (Version 1.1). The most significant update came with NIST CSF 2.0, which fundamentally changed its scope to explicitly apply to all organizations regardless of size or sector.
CSF 2.0 is designed to help organizations of all types manage and reduce cybersecurity risks.
The framework is crucial for security leaders because it provides:
Implementing the NIST CSF transforms cybersecurity from a technical task into a continuous, organization-wide risk management strategy. For security leaders, the Framework Core provides a structured, phased roadmap to integrate this strategy into daily operations.
The foundational step for CSF 2.0 implementation is the Govern (GV) function. This new function establishes the organizational context, strategy, and oversight necessary to manage cybersecurity risk in alignment with broader Enterprise Risk Management (ERM) objectives and risk tolerance.
The Identify (ID) function is foundational. Its goal is to develop a deep, comprehensive understanding of cybersecurity risk to all systems, assets, data, and capabilities supporting the organization's business objectives.
The Protect (PR) function focuses on implementing safeguards to ensure the delivery of critical services and limit the impact of potential cybersecurity events.
The Detect (DE) function defines the appropriate activities to identify the occurrence of a cybersecurity event in a timely manner. Early detection minimizes the time attackers have to operate undetected.
The Respond (RS) function outlines the appropriate actions to take after a cybersecurity incident has been detected to contain the event and minimize its impact.
The Recover (RC) function identifies appropriate activities to plan for organizational resilience and restore capabilities or services that were impaired during a cyber event, supporting timely recovery.
Financial institutions are prime targets for cyberattacks due to the sensitive nature of the data they hold, making a structured framework like the NIST CSF essential for resilience and regulatory alignment.
The Financial Services Sector Coordinating Council (FSSCC) found that the NIST CSF provides a unified approach, as most regulatory expectations (such as GLBA and FFIEC) align with the CSF's core functions.
By adopting the NIST CSF, financial institutions can:
The NIST CSF offers benefits that transcend mere compliance, serving as a powerful strategic tool for security leaders to drive organizational maturity and resilience.
A major strength of the CSF is its ability to bridge communication gaps within the enterprise and across the supply chain:
Educational institutions, from K-12 to universities, manage vast amounts of sensitive student data and face resource constraints. Adopting NIST CSF 2.0 has provided a tailored solution:
A major university system leveraged the CSF's Identify function to gain a comprehensive inventory of all departmental "Shadow IT" instances—unauthorized software and applications—and their external third-party vendor dependencies. This single action, which mapped to Asset Management (ID.AM) and Supply Chain Risk Management (GV.SC), immediately quantified over a dozen high-risk exposures. By integrating the framework, the university was able to secure budget approval based on clear risk numbers, enabling them to implement controls for the Protect function, specifically targeting access control and data encryption.
For the Govern function to succeed, security leaders must translate CSF activities into measurable Key Performance Indicators (KPIs) that demonstrate risk reduction and ROI to the business. The following KPIs are essential for tracking maturity across the Core functions:
UpGuard's Cyber Risk Posture Management (CRPM) platform is specifically designed to support and automate critical activities across the entire six-function NIST CSF lifecycle, particularly in the areas of Govern, Identify, and Detect. By unifying internal security posture management with third-party vendor risk, UpGuard helps organizations operationalize the framework and move toward adaptive security (Tier 4).
UpGuard provides security leaders with the features necessary to automate traditionally time-consuming compliance tasks:
Customers utilizing UpGuard to implement and maintain NIST CSF alignment have reported significant gains in efficiency and control:
“UpGuard has saved us around 2,000 hours of assessment time, equivalent to two personnel per year.” - Andrew Bullen, Manager of IT Security & Governance, St John WA
“What used to take us a month to complete can now be done in a week. That's a 400% increase in productivity, and it means we can assess vendors much more quickly and keep pace with the business.” - Andrew Morton, Head of IT GRC and Assurance, Chemist Warehouse
“Before, we needed an army. Now, we have an automated, scalable process that strengthens our regulatory stance, expands our coverage, reduces operational risk, and allows us to continuously improve our IT operation process.” – Chuck Adkins, VP of Technology, New York Stock Exchange
The NIST Cybersecurity Framework is no longer just a technical checklist; it is the strategic blueprint for modern cyber risk governance. For security leaders, implementing the CSF—especially with the enhanced focus on enterprise risk and supply chain management in CSF 2.0—is essential for achieving resilience and demonstrating due care.
By leveraging technology like UpGuard to automate compliance mapping, continuous Attack Surface Monitoring, and third-party risk assessments, organizations can seamlessly move through the Govern, Identify, Protect, Detect, Respond, and Recover functions. This integrated approach transitions an organization from a reactive posture to a proactive, adaptive security culture that is ready for any threat.
To see how UpGuard accelerates your progress across the NIST CSF, watch the video below.