FAIR Institute Blog

Risk Analysis vs. Risk Assessment: What's the Difference?

[fa icon="calendar'] Aug 22, 2017 8:00:00 AM / by Jeff B. Copeland posted in FAIR

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Yes, this is Cyber Risk 101, but risk analysis vs risk assessment is common confusion, so let Jack Jones explain it in an excerpt from his book Measuring and Managing Information Risk: A FAIR Approach

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Missing the Mark on Risk Analysis Without ALE

[fa icon="calendar'] Aug 14, 2017 8:00:00 AM / by Chad Weinman posted in FAIR

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Annualized Loss Exposure (ALE) is a key output from a FAIR quantitative risk analysis. ALE is computed as:

ALE = Event Frequency x Single Loss Magnitude

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Video: What Is Risk? The Bald Tire Scenario [Updated]

[fa icon="calendar'] Aug 8, 2017 8:47:00 AM / by FAIR Institute Staff posted in FAIR

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How much risk is associated with a bald tire? It depends...

In this video,  Jack Jones walks you through the classic scenario (from his book Measuring and Managing Information Risk: a FAIR Approachwith a lesson about making assumptions and how that affects risk analysis and communication about risk. 

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FAIR Is Banks 'Most Commonly Used Approach to Quantifying Cyber Threats', says Risk.net

[fa icon="calendar'] Aug 7, 2017 8:00:00 AM / by Jeff B. Copeland posted in FAIR

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by Jeff B. Copeland 

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Take the 2017 Risk Management Maturity Survey

[fa icon="calendar'] Aug 1, 2017 10:14:28 AM / by Luke Bader posted in FAIR, Fair Conference 2017

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The FAIR Institute, in partnership with ISARiskLens and RSA, is sponsoring the 2017 Risk Management Maturity Survey, an opportunity for cyber and information risk professionals to rate their risk management practices and benchmark their organizations against their peers. 

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A FAIR View of Risk Appetite - Part 4 (finally!)

[fa icon="calendar'] Aug 1, 2017 8:00:00 AM / by Jack Jones posted in FAIR

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Some of you may recall a series of posts I wrote on this topic last year. In the third post of that series I said I’d write another post that lays the foundation for dealing with risk appetite more effectively.  Well, here we are a year later and I’m finally going to fulfill that promise.  Hopefully, you’ll find the wait worthwhile.

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Anatomy of a FAIR Risk Analysis: Confidential Data in Email

[fa icon="calendar'] Jul 30, 2017 8:00:00 PM / by Rebecca Merritt posted in FAIR

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In November, 2016, a Boeing employee emailed his spouse a spreadsheet from work because he needed help with formatting. In the spreadsheet: names, ID numbers, dates of birth and Social Security numbers for 36,000 Boeing employees. 

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Secrets to Gathering Good Data for a Risk Analysis

[fa icon="calendar'] Jul 27, 2017 3:04:34 PM / by Tyanna Smith posted in FAIR, Risk Management

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“I don’t know.”

“I have no idea.”

“Where would I get that information?”

“I have no way of getting that information.”

These are just a couple of the common responses we see when someone first attempts an analysis.
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Bank CISOs Debate FAIR in Risk.net Article

[fa icon="calendar'] Jul 21, 2017 10:36:48 AM / by Jeff B. Copeland posted in FAIR

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You might say this article, “Bank Cyber Chiefs at Odds Over Risk Models” (registration required) by Steve Marlin, just out on Risk.net, takes a snapshot of the current stage of evolution of banking information security executives, progressing towards a bank cyber risk model that’s as rigorous as the industry's models for market and credit risk. 

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Ransomware Risk: Setting Up a FAIR Analysis

[fa icon="calendar'] Jul 20, 2017 4:08:12 PM / by Jeff B. Copeland posted in FAIR

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Jack Jones recently walked the FAIR Institute’s Data Integration Workgroup monthly call-in through a thinking exercise: Assume you’re the CISO of a mid-sized hospital – how do you understand the risk of ransomware?

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