WHY FAIR?

From a Compliance-based to a Risk-based Approach to Information Security and Operational Risk

  

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Organizations are increasingly transitioning to risk-based approaches to information security and operational risk, as compliance to regulations alone provide only a minimum layer of security and fail to adequately protect them.

  • Information risk has become a business issue, not just a technology issue, as most business processes have digitalized.
  • Boards of directors and business executives want to understand an organization's loss exposure in financial terms to enable effective decision-making.
  • Risk and security professionals must become facilitators of the balance between protecting the organization and running the business.

 

 FAIR: A Methodology for Quantifying and Managing Risk in Any Organization

 

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  • Factor Analysis of Information Risk (FAIR) is the only international standard quantitative model for information security and operational risk.
  • FAIR provides a model for understanding, analyzing and quantifying information risk in financial terms.
  • It is unlike risk assessment frameworks that focus their output on qualitative color charts or numerical weighted scales.
  • It builds a foundation for developing a robust approach to information risk management.




 

 A Common Language That All Can Understand

 

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With FAIR, you can: 

  • Speak in one language concerning your risk;
  • Take a portfolio view to organizational risk;
  • Challenge and defend risk decisions using an advanced risk model; and
  • Understand how time and money will impact your security profile.