Risk Management Framework (RMF)
The Risk Management Framework (RMF) provides a process that integrates security, privacy, and cyber supply chain risk management activities into the system development life cycle. The risk-based approach to control selection and specification considers effectiveness, efficiency, and constraints due to applicable laws, directives, Executive Orders, policies, standards, or regulations. Managing organizational risk is paramount to effective information security and privacy programs; the RMF approach can be applied to new and legacy systems, any type of system or technology (e.g., IoT, control systems), and within any type of organization regardless of size or sector.
Is Complying with RMF Mandatory?
Compliance with the RMF is not mandatory, however to have a contract with the Government you must be able to use risk as a decision making tool.
What are the penalties for not complying with RMF?
A contracting company failing to meet RMF may be found in breach and risk losing the ability to hold governement contracts in the future.