Video: National Institute of Standards and Technology (NIST) Privacy Framework

In this lesson, Nick Palazzolo, CPA, introduces the National Institute of Standards and Technology (NIST) Privacy Framework, a crucial tool for organizations to manage privacy risks. He outlines the structure of the Framework, which is divided into three main parts: the Framework Core, Framework Profiles, and Implementation Tiers. Nick explains that the Core is built around five key functions—Identify, Govern, Control, Communicate, and Protect—each aimed at establishing a continuous cycle for managing privacy risks efficiently. He discusses how these functions are further broken down into categories and subcategories that specify desired outcomes and activities. Next, Nick describes how Framework Profiles help organizations align their privacy practices with their strategic goals and risk tolerance, and how this customization facilitates both current and target state assessments. Finally, he briefly revisits the Implementation Tiers to demonstrate their similarity to those in the Cybersecurity Framework, emphasizing their role in tiered privacy risk management. This lesson is essential for understanding how to wield the NIST Privacy Framework effectively to both comply with regulations and protect individual privacy rights.