Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 - Free CGRC Practice Questions and Study Guide

The National Institute of Standards and Technology (NIST) framework is designed specifically for evaluating the effectiveness of security controls within information systems. This framework provides a structured way to assess security risks, establish security controls, and monitor the effectiveness of these controls over time. It emphasizes a risk management approach that helps organizations to identify, prioritize, and mitigate risks associated with their information security.

The NIST framework comprises various components, such as the Risk Management Framework (RMF) and Cybersecurity Framework (CSF), which guide organizations through the process of implementing, assessing, and maintaining security controls. The framework is widely recognized and adopted in various sectors, making it a standard reference for evaluating security effectiveness.

In contrast, PEST analysis focuses on the macro-environmental factors affecting an organization, such as political, economic, social, and technological elements, but does not specifically address security controls. SWOT analysis, which examines an organization's strengths, weaknesses, opportunities, and threats, is useful for strategic planning but lacks the targeted approach needed for assessing security control effectiveness. The COSO framework, while it provides comprehensive guidelines for enterprise risk management and internal controls, is more focused on organizational and operational controls rather than being specifically tailored to assess security controls in an information technology context.