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.
Jul 19, 2018 8:30:00 AM
Gartner, the influential technology consulting firm, has named “risk quantification and analytics” to its list of “critical capabilities” for integrated risk management (IRM), the latest endorsement for a FAIR-style approach to managing cyber risk based on financial analysis.
Jul 17, 2018 9:00:00 AM
Risk registers, by definition, are meant to identify, itemize and help prioritize risk. More specifically, they are intended to provide a portfolio of potential loss exposure to inform decision makers and enable them to mitigate and/or manage risk.
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 >>