FAIR Institute Launches India Chapter

The FAIR Institute welcomes members of the vast tech industry talent pool in India to join our new local chapter, officially launched recently with a well-attended meeting in Mumbai. The Institute now counts around 20 chapters and 15,000 members around the world, sharing best practices in FAIR (Factor Analysis of Information Risk) that empower risk professionals to collaborate with their business partners on balancing protection of the organization with advancing the business. Learn more about FAIR

The FAIR Institute India Chapter is a collaboration with the Data Security Council of India (DSCI). Vinayak Godse, CEO of DSCI and Co-Chair of the new chapter, told the event audience, "In India, as we are accelerating digitization at an unimaginable pace, we should get better at managing risks, scientifically, and mathematically. I believe this partnership will contribute to the development of the expertise required for it."

FAIR Inst India Chapter Launch - Vinayak Godse 2

Vinayak Godse

In his opening remarks, Saket Modi, CEO of Safe Security and FAIR Institute Board Member, brought home the value of FAIR risk quantification for the audience. "What if there was a way of objectively showing, not just to the Board and internal leadership but also to regulators, how much risk you've managed to reduce with the budget assigned to you?"

FAIR Institute India Chapter Launch - Saket ModiSaket Modi

The launch event was also enriched by two panel discussions that explored the application of FAIR quantitative risk analysis to cyber risk management.

The first panel, led by Vinayak Godse, focused on "Enhancing Strategic Resilience with CRQ in Risk Management." Panelists including Sameer Ratolikar (CISO, HDFC), Pravin Kumar (CMISO, NPCI), and Ritesh Thosani (Cyber Practice Leader at Marsh India), engaged in a robust dialogue on the critical importance of cyber quantification and its transformative impact on the perception of risk in India.

The second panel, led by Saket Modi, was titled "Balancing Act: Regulation, Innovation, and Cyber Risk Management," and brought together industry experts Kartik Shinde (Partner, EY), Lucius Lobo (CISO, Tech Mahindra), and Pawan Chawla (CISO, TATA AIA Insurance). The discussion centered around the evolving global landscape of cyber risk, regulatory challenges, and the role of CISOs in navigating this complex environment. 

To participate in the FAIR Institute India Chapter, join the FAIR Institute (General Membership is free) and sign up for email notifications about future events. 

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