Factor Analysis of Information Risk (FAIR) has emerged as the standard Value at Risk (VaR) framework for cybersecurity and operational risk.
The FAIR Institute is a non-profit professional organization dedicated to advancing the discipline of measuring and managing information risk.
It provides information risk, cybersecurity and business executives with the standards and best practices to help organizations measure, manage and report on information risk from the business perspective. The FAIR Institute and its community focus on innovation, education and sharing of best practices to advance FAIR and the information risk management profession.
Aug 14, 2018 12:00:00 PM
I was recently re-reading ISO 31000 because that's what one does for fun (don't you?). Surprisingly I noticed on a few occasions that using heat maps (or qualitative RM) appears to not align with the guidelines.
Aug 10, 2018 9:00:00 AM
Another strong signal that FAIR and cyber risk quantification is emerging as the way that inforisk gets reported up to the board and senior management: CyberVista, the leading cybersecurity education and workforce development company known for its board director education work has aligned the curriculum of its popular Resolve cybersecurity training with FAIR
Sep 7, 2017 3:18:43 PM
I recently had a conversation with clients around a risk analysis they conducted and noticed as they walked me through it that they seemed to get hung up on the terms “inherent risk” and “residual...Read More >>
Aug 22, 2017 8:00:00 AM
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 ApproachRead More >>
May 1, 2017 8:51:54 AM
The terms “risk appetite” and its close cousin “risk tolerance” are often poorly understood, very rarely used to good effect, and commonly used interchangeably.
Similar to the word “risk,” you will...Read More >>