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Email On January 10, 2017, the National Institute of Standards and Technology (“NIST”) released a proposed update to its popular cybersecurity blueprint for organizations and businesses, known as the Framework for Improving Critical Infrastructure Cybersecurity (the “Framework”). The updated Framework, titled “Draft Version 1.1,” includes, among other things, new provisions for assessing the cybersecurity risk posed by third-party vendors and the addition of a new section on measuring the cost effectiveness of cybersecurity programs. https://www.cadwalader.com/resources/clients-friends-memos/nists-draft-update-to-cybersecurity-framework-focuses-on-third-party-vendors-and-the-cost-effectiveness-of-cybersecurity-programs