Front-line experience, freely shared among friends – that about sums up the spirit of the speakers at the recent FAIR Conference 2017, a lineup of leading FAIR practitioners who were amazingly candid about their success and challenges in spreading the FAIR risk revolution to their organizations.
Big news if you’re a student of FAIR, an organization evaluating FAIR before taking the plunge on a paid risk analysis solution, a do-it-yourselfer who’s been running FAIR on a spreadsheet, or just curious about the buzz around the quantitative model that’s shaking up the risk-analysis profession. The FAIR Institute has just released FAIR-U, the first officially sanctioned training app for FAIR. The tool is offered free of charge by RiskLens, Technical Advisor to the FAIR Institute.
In the FAIR model for risk analysis, Loss Magnitude—i.e. the monetary impact of a loss event—is bucketed in six Forms of Loss: Productivity, Response, Replacement, Competitive Advantage, Fines & Judgements, and Reputation.
Two pioneers of quantitative risk management based on the FAIR risk model were honored by their peers in information and operations risk this week at the FAIR Institute's 2017 FAIR Conference in Dallas.
Jack Jones…creator of the FAIR model (that’s Factor Analysis of Information Risk)…author of the FAIR book Measuring and Managing Information Risk: A FAIR Approach…chairman of the FAIR Institute…and the leading evangelist for effective risk measurement based on critical thinking. For a quick education on Jack’s thinking and the FAIR approach to risk, check out this reading list of Jack’s 10 most popular writings on the FAIR Institute blog.
After a short summer break, the FAIR Institute Operational Risk workgroup met again in August to continue our project using the FAIR methodology to revise a typical list of “top operational risks” (we found our list on Risk.net).
Look for thousands of job listings next year for “data protection officer” to meet a requirement of the European Union’s General Data Protection Regulation, the privacy law that goes into effect May 18, 2018. Here’s a quick rundown to see if you need to start shopping for a DPO, as well.
Donald Freese, Deputy Assistant Director of the FBI in the information technology branch, gave the opening keynote talk last week to the (ISC)² Security Congress in Austin, and hit some themes inspired by FAIR.
The new NIST 800-63-3 Digital Identity Guidelines and FAIR were “made for each other”, writes Chip Block, VP at Evolver, Inc., (the operator of large-scale security operations centers for government and business) in an article just published on The Security Ledger website -- the guidelines establish levels of security based on risk, and FAIR sets monetary values for the risk, enabling organizations to prioritize spending.
UPDATE: The FAIR-U training app is now available. Get access to the web app now.
At the FAIR Conference in mid-October, the FAIR Institute will introduce FAIR-U, our first officially sanctioned training application for running FAIR risk analysis, guaranteed to correctly leverage the FAIR model.