The National Institute of Standards and Technology (NIST) has announced that it will be developing a voluntary privacy framework to help organizations manage risk. NIST said the framework will help entities meet the security challenges that have arisen due to innovations such as the Internet of Things and Artificial Intelligence.
According to NIST, the new privacy framework will be voluntary and will provide “an enterprise-level approach to help organizations prioritize strategies for flexible and effective privacy protection solutions.” The institute stresses that entities need access to additional tools in order to fully address the privacy risks in their systems.
Government officials said the goal of the framework is to create standards that both privacy professionals and business executives can agree on.
NIST will begin to collect feedback on its framework from key stakeholders at a workshop at the Privacy. Security. Risk 2018 conference in October. This is the first in a series of workshops NIST plans to carry out aimed at collecting feedback from various stakeholders.
The institute´s development schedule for the new framework can be found here.