As far as I understood rpcbind is used for listing active services, and telling the requesting client where to send the RPC request. If a host listens on port 111, one can use rpcinfo to get program numbers and ports and services running; For example look at below:
root@bt:~# rpcinfo -p x.x.x.x
program vers proto port
100001 2 udp 111 portmapper
100000 3 udp 111 portmapper
100005 3 udp 1048 mountd
100022 1 tcp 1047 nlockmgr
100021 4 udp 1047 nlockmgr
100026 1 tcp 1039 status
100029 1 udp 1039 status
100003 2 tcp 2049 nfs
100003 3 tcp 2049 nfs
What is the security risk of it?
Where we usually need to open port 111 and when can we close it without any other services fail?