I regularly read blog posts or encounter people in our profession who dismiss quantitative cyber risk measurement as “guessing”, or “nothing more than feelings” (cue the Morris Albert song). Since this is such a common concern, I thought it would be worthwhile to examine this issue of what's subjective, what's objective and what falls between.
Do you want to hear from and network with the best in the risk management industry? The 2017 FAIR Conference is going to be a powerful event that brings together the world’s top FAIR practitioners. Here are just some of the great speakers that you will meet and hear from at the conference.
With over 100 responses already, we would like to extend the opportunity to participate in the 2017 Risk Management Maturity Survey to all risk management professionals.
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 risk” and what inherent risk represented in that particular scenario.
The first big step in a risk analysis is scoping. Each part of the analysis process builds on the other so if you get scoping wrong, the rest of your analysis is on shaky ground at best. Remember, scoping is where you clearly:
FAIR Institute Board Member Wade Baker started the Verizon Data Breach Investigations Report (DBIR), the granddaddy of cybersecurity incident reporting, and still the leading source of hard data on the threat landscape.
With the massive flooding in Houston from Hurricane Harvey, we're re-publishing this very relevant post from 2016 by Steve Poppe about how local governments can apply FAIR modeling to plan for megastorms.
Honoring Excellence in Information and Operational Risk Management
At the FAIR Conference 2017 in Dallas, October 16-17, The FAIR Institute will honor risk management leaders for their initiative, ingenuity and contributions to information and operational risk management.
This is the most common “sin” we run into within the industry. Analysts, often not specifically trained on risk, focus almost solely on controls and their effectiveness.
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 Approach: