The FAIRTM (Factor Analysis of Information Risk) cyber risk framework has emerged as the premier Value at Risk (VaR) framework for cybersecurity and operational risk. The FAIRTM 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 FAIRTM Institute and its community focus on innovation, education and sharing of best practices to advance the FAIRTM cyber risk framework and the information risk management profession.
Feb 18, 2020 3:56:27 PM
One of the keys to consistency when using the FAIR™ model is using the same magnitude across cyber loss data analyses. Particularly when using it for a risk assessment where the goal is to be compliant with regulations and compare the applications to each other, it is reasonable and “fair” to use consistent magnitude amounts.
Feb 12, 2020 2:07:12 PM
Welcome the St. Louis Chapter to the FAIR™ Institute, with a kickoff meeting on March 10, thanks to the organizational efforts of Co-Chairs Nathan Thomack, Manager of Cyber Risk Management at Emerson, and Nick Corzine, Manager of Quantitative Risk Analysis at Centene.
Feb 12, 2020 1:40:11 PM
A new article from Ars Technica asks the question “why is the healthcare industry still so bad at cybersecurity?” and answers with an inventory of institutional and regulatory shortsightedness, resistance to change, lack of budget and simple confusion that calls out for the kind of re-set button that other industries are hitting with a risk-based approach to cybersecurity like 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 >>