Also known as the Federal Information Processing Standards (FIPS), the framework is a shared set of security standards required by the Federal Information Security Management Act (FISMA).

Explanation:

The Federal Information Security Management Act (FISMA) is a policy that provides guidelines to secure and protect government information, functions and assets from illegal and unauthorized parties.

The National Institute of Standards and Technology (NIST) was created under the provisions of the FISMA. It is a framework of shared sets of security standards. It includes five important functions: Identify , Protect,  Detect , Respond  and Recover.

These functions help organizations in reducing and managing the risk of cybersecurity and management.

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