Cybersecurity Governance Framework Development

In this task, you will create a comprehensive Cybersecurity Governance Framework for a medium-sized financial institution. The framework will establish the structure and processes necessary to effectively govern cybersecurity within the organization. Follow these steps:1. Introduction to Cybersecurity Governance: Provide an introduction to the importance of cybersecurity governance within the financial institution. Explain the role of governance in setting strategic direction, overseeing security practices, and ensuring compliance with regulations.2. Scope and Objectives: Define the scope of the Cybersecurity Governance Framework. Specify which systems, networks, and data assets are within the framework’s purview. Outline the primary objectives, emphasizing the need to protect sensitive financial data and maintain compliance with industry regulations.3. Governance Structure: Create a governance structure that outlines the roles and responsibilities of key personnel and departments involved in cybersecurity governance. Define the roles of executive leadership, the Chief Information Security Officer (CISO), IT security teams, and other relevant stakeholders.4. Cybersecurity Policies and Procedures: Describe the processes for developing, reviewing, and updating cybersecurity policies and procedures within the organization. Explain how input from stakeholders, such as IT, legal, and compliance teams, will be incorporated.5. Risk Management: Incorporate risk management practices into the framework. Define the processes for identifying, assessing, and mitigating cybersecurity risks. Emphasize the importance of a risk-based approach to decision-making.6. Documentation and Reporting: Explain the importance of documenting cybersecurity governance activities and reporting to internal and external stakeholders. Describe how progress will be communicated to executive leadership and the board of directors.Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are: Compare and contrast the methods of disaster recovery and business continuity. Explain risk management in the context of information security.  Use technology and information resources to research issues in disaster recovery. Write clearly and concisely about disaster recovery topics using proper writing mechanics and technical style conventions.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric