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Table 1 Comparison of CSRF

From: IoT cyber risk: a holistic analysis of cyber risk assessment frameworks, risk vectors, and risk ranking process

Name of CSRF

Owner

IoT focus areas

Strengths

Weakness

Industries used/applied

IoT risk assessment approach

CIA coverage (Y/N)

IoT published standards

NIST

NIST

Standards, Technology, Partnerships, Publications, Market Intelligence, and government adoption

More valuable framework in managing cyber risks and excellent for disaster and recovery planning

Framework is documented but this is not an automated tool. No quantification of risk.

Manufacturing, insurance, healthcare, financial, government, and security/risk consultancy firms

Compliance (standards and guidelines with documentation)

Y

Yes

OCTAVE

Octave Allegro

Information assets of the organization

Standardized questionnaire is addressed to explore and classify recovery impact areas

No quantification method for calculating recovery

Smart homes, aimed for companies with limited resources

Qualitative method

Y

No

TARA

Intel

Threat susceptibility Analysis and Risk Remediation Analysis

Predictive framework for most crucial exposures

No quantification of risk impact

Manufacturing, insurance, healthcare, financial

Qualitative method

N

Yes

ISO

ISO with 164 national standard bodies

Global standardization of risk assessment

Promotes standardization of cyber risk and follows international experience and knowledge

International standardization on requires a level of compulsory compliance

Small business or corporate, government or private

Compliance (Standards and guidelines with documentation)

Y

Yes