A risk-based cybersecurity framework is a set of guidelines and best practices that helps an organization identify, assess, prioritize, and mitigate cyber risks. By using a risk-based approach, an organization can allocate its resources more efficiently and effectively to address the most critical and likely cyber risks. A risk-based approach does not always require quantifying each cyber risk, nor is it driven by regulatory compliance or prioritizes vulnerability remediation by threat hunting. Reference: https://www.nist.gov/cyberframework/risk-management