• CUSTOMER LOGIN
  • Products
    • TPRM by ThirdPartyTrust
    • Beacon by ThirdPartyTrust
  • Resources
    • Blog
    • Strategy Guides
    • Case Studies
    • Data Sheets
    • Webinars
    • API
  • Company
    • About us
    • Partners
    • Product Security
    • Privacy Policy
REQUEST DEMO
  • Products
    • TPRM by ThirdPartyTrust
    • Beacon by ThirdPartyTrust
  • Resources
    • Blog
    • Strategy Guides
    • Case Studies
    • Data Sheets
    • Webinars
    • API
  • Company
    • About us
    • Partners
    • Product Security
    • Privacy Policy
REQUEST DEMO
  • CUSTOMER LOGIN
  • Products
    • TPRM by ThirdPartyTrust
    • Beacon by ThirdPartyTrust
  • Resources
    • Blog
    • Strategy Guides
    • Case Studies
    • Data Sheets
    • Webinars
    • API
  • Company
    • About us
    • Partners
    • Product Security
    • Privacy Policy
REQUEST DEMO
  • CUSTOMER LOGIN
  • Products
    • TPRM by ThirdPartyTrust
    • Beacon by ThirdPartyTrust
  • Resources
    • Blog
    • Strategy Guides
    • Case Studies
    • Data Sheets
    • Webinars
    • API
  • Company
    • About us
    • Partners
    • Product Security
    • Privacy Policy
REQUEST DEMO
  • Products
  • TPRM by ThirdPartyTrust
  • Beacon by ThirdPartyTrust
  • Solutions
  • Risk Assessment Automation
  • Security Questionnaire Automation
  • Shadow IT Management
  • Zero Day Remediation
  • Integrations
  • Industries
    • Financial
    • Energy
    • Healthcare and Hospitals
    • Legal
    • Life Sciences
    • Manufacturing Industry
    • Retail
    • Technology
    • Other Industries
  • Pricing
  • Resources
  • Blog
  • Strategy Guides
  • Case Studies
  • Data Sheets
  • Webinars
  • Dictionary
  • API
  • Company
  • About us
  • Careers
  • Partners
  • Partners Login
  • Product Security
  • Privacy Policy

TPRM and NIST Framework – Everything you need to know

Published by Chris Gerben on March 29, 2022
Categories
  • Blog
Tags
  • Industry Regulation
tprm and nist compliance

In February, NIST announced that they were looking for input to revise and reframe the NIST Cybersecurity Framework (CSF). Of particular interest is that the NIST is looking to address supply chain cybersecurity, both through public-private partnerships as well as re-assessed compliance standards.

What is NIST?

NIST refers to the National Institute of Standards and Technology. It’s a division of the federal government under the Department of Commerce. As the name suggests, it’s tasked with everything from standardizing widely used measures (e.g. weight, time, etc.) to promoting data security and innovation.

This latter focus is where vendor management and third party risk management (TPRM) intersect with NIST. NIST has written the Framework for Improving Critical Infrastructure Security, which not only addresses general frameworks for keeping data–specifically supply chain security–safe, it forms the basis for supporting FISMA, the Federal Information Security Modernization Act.

NIST most closely touches cybersecurity in outlining NIST 800-171, a set of just over 100 questions and standards for how companies and third party vendors handle sensitive information and data. While this is of obvious importance for governmental agencies, it is equally important for businesses.

The purpose of NIST’s 800–171 framework is to help protect controlled unclassified information (CUI) in nonfederal systems and organizations. CUI includes any potentially sensitive, unclassified data that requires controls in place to be safeguarded. The publication contains 14 specific security objectives, each with a variety of unique controls, as well as mapping to NIST 800–53 and ISO 27001.

Organizations that supply the federal government with products, solutions, or services under a Department of Defense (DoD), General Services Administration (GSA), or National Aeronautics and Space Administration (NASA) contract must comply with NIST 800–171. While this framework is mainly focused on companies that hold a government contract, it can help any organization improve their cybersecurity posture.

How do companies comply with NIST?

Complying with NIST may or may not be voluntary in some industries. However, regardless of its imperative, it makes good business sense to be compliant in that it ensures your business is safe and signals to potential partners and customers that you keep data secure as part of your business practices.

But how do companies comply with NIST? As outlined in one representative blog, NIST helps companies comply with FISMA via at least nine distinct steps:

  1. Categorize the data and information you need to protect
  2. Develop a baseline for the minimum controls required to protect that information
  3. Conduct risk assessments to refine your baseline controls
  4. Document your baseline controls in a written security plan
  5. Roll out security controls to your information systems
  6. Once implemented, monitor performance to measure the efficacy of security controls
  7. Determine agency-level risk based on your assessment of security controls
  8. Authorize the information system for processing
  9. Continuously monitor your security controls

Anyone familiar with TPRM and the host of assurances and certifications that are asked of third party vendors by enterprise businesses already knows that the above list can be achieved largely by employing vendor management tools and services that monitor a company’s supply chain.

TPRM allows companies to be proactive in requesting assessments and monitoring third party compliance with safety controls. A TPRM program, then, allows companies to better comply with NIST frameworks.

Benefits of combining TPRM and NIST together

In previous posts on topics such as ticketing systems, business analytics, and GRC, we’ve discussed how combining TPRM with frameworks (and/or business tools) provides several key benefits:

  1. Increased productivity
  2. Better (integrated) data to make decisions
  3. Lower operational costs

Third party risk management can often be seen as a nice-to-have, or as necessary insurance. But by leveraging TPRM’s ability to enhance and round out business tools, companies can add data points to build out appealing, robust, and secure business plans.

ThirdPartyTrust can help address NIST third party security requirements by automating the vendor risk assessment process, allowing you to evaluate vendor compliance with IT security, regulatory, and data privacy requirements. 

The tool offers NIST compliance capabilities that enable you to effectively audit supplier security controls, such as:

  • Vendor onboarding, profiling, tiering, and scoring to address Supply Chain Risk Management
  • Use of custom questionnaires to perform comprehensive reviews and identify potential breaches of contract and other risks
  • Centralized vendor management to easily identify and mitigate inherent risks and conduct proactive reassessments

Want to know more? Let us show you how ThirdPartyTrust can add value to your existing risk management tools and compliance processes today.

Don’t let zero days be “wake up calls.”

Unpredictable vulnerabilities will be an ongoing concern for security teams inthe foreseeable future.

In this guide you will learn the fundamentals of zero days, patterns from our statistical analysis, and tips to reduce risk and remediate zero days if/when they happen.

Get The Guide
Chris Gerben
Chris Gerben
VP of Marketing
    • Phone
      |+1-617-245-0469
    • Address
      |
      111 Huntington Ave, Suite 2010, Boston, MA 02199
    • Sales
      |sales@bitsighttech.com
    • Contact Us
    Laika_SOC2_TypeI_PurpleIris        CSA_Trusted_Cloud_Provider

    ©2022 ThirdPartyTrust, LLC and its Affiliates. All Rights Reserved. | 111 Huntington Ave. Suite 2010 Boston, MA 02199
    • BLOG
    • PARTNERS LOGIN
    • CONTACT US
    • PRIVACY POLICY
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Reject AllAccept
    Cookie Settings
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT