Final answer:
The statement is true; the NIST Cybersecurity Framework is widely utilized by security teams to manage both short and long-term cybersecurity risks. It provides best practices and guidelines to organizations for improving their cybersecurity posture, encompassing the core functions of Identify, Protect, Detect, Respond, and Recover.
Step-by-step explanation:
The statement that security teams use the NIST Cybersecurity Framework (CSF) as a baseline to manage short and long-term risk is true. The NIST CSF is a comprehensive framework that provides a set of best practices and guidelines to help organizations manage cybersecurity risks. Developed by the National Institute of Standards and Technology (NIST), it is widely recognized and utilized across various industries to improve their cybersecurity posture.
Organizations use the NIST CSF to assess and improve their ability to prevent, detect, and respond to cyber incidents. It comprises five core functions: Identify, Protect, Detect, Respond, and Recover, which offer a strategic view of the lifecycle of an organization's management of cybersecurity risk.
The CSF is adaptable to different organizations regardless of their size, risk profile, or cybersecurity sophistication, which makes it an ideal tool for planning and improving cybersecurity practices and risk management strategies.