NIST PF 1.0 (Privacy Framework 1.0)
Region
US
Focus
Privacy
Description
A framework providing guidelines for managing privacy risks. Detailed description: The NIST Privacy Framework is a voluntary tool designed to help organisations identify and manage privacy risks while fostering innovation and protecting individuals' privacy. Privacy risk management involves understanding how systems, products, and services may create privacy-related issues and developing solutions to address these risks. Privacy risk assessments, a key component of this process, help organisations evaluate the trade-offs between data processing benefits and associated risks, guiding responses such as mitigation, transfer, avoidance, or acceptance of risks. These assessments are essential for balancing privacy values, as methods like data encryption or distributed architectures may conflict with enabling individual control. They also distinguish privacy risks from compliance risks, encouraging ethical decision-making beyond legal obligations. By addressing privacy risks effectively, organisations can optimize data use, safeguard individual privacy, maintain public trust, and support the successful adoption of products and services.
Key Details
- Developed by the National Institute of Standards and Technology (NIST).
- Provides a flexible and risk-based approach to managing privacy risks.
- Structured around three core functions: Identify, Govern, and Control.
- Supports compliance with global privacy regulations, such as GDPR.