Which framework is commonly used to assess risks in Generative AI systems according to NIST?

The NIST AI Risk Management Framework (AI RMF) provides a structured approach to identify, assess, and mitigate risks in GenAI, emphasizing trustworthiness attributes like safety, fairness, and explainability. It categorizes risks into governance, mapping, measurement, and management phases, tailored for AI lifecycles. For GenAI, it addresses unique risks such as hallucinations or bias amplification. Organizations apply it to conduct impact assessments and implement controls, ensuring compliance and ethical deployment. Exact extract: "NIST's AI RMF is commonly used to assess risks in Generative AI, focusing on trustworthiness and lifecycle management." (Reference: Cyber Security for AI by SISA Study Guide, Section on NIST Frameworks for AI Risk, Page 230-233).