FAIR Institute Blog

FAIR Risk Terminology: ‘Vulnerability’ Is ‘Susceptibility’, the Open Group Says

[fa icon="calendar'] May 6, 2021 10:04:04 AM / by Jeff B. Copeland posted in Key Terms

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The Open Group Security Forum, the experts who maintain Factor Analysis of Information Risk (FAIR™) as the international standard for cyber risk quantification, recently updated the Open FAIR Body of Knowledge to clarify some risk terminology, including this statement:   

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Key Terms in Cyber Risk Analysis – Test Your Knowledge

[fa icon="calendar'] Jun 24, 2020 1:42:23 PM / by Jeff B. Copeland posted in Key Terms

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How do you define key terms such as “inherent risk”, “quantitative risk analysis”, “risk appetite” or “vulnerability”?  Do your colleagues define them the same way?

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