In an important article for ISSA Journal, Jack Freund, PhD, co-author of the FAIR book, Measuring and Managing Information Risk, introduces the concept of a Cyber Risk Intelligence Framework that combines four standard frameworks, including FAIR
Today marks a milestone in FAIR history as NIST has formally published FAIR as an Informative Reference to the NIST CSF, the most widely used cybersecurity framework in the U.S. This means that there is mapping between FAIR and the NIST CSF standard in the sections covering risk analysis and risk management.
Whether you’ve just been introduced to FAIR, recently completed RiskLens’ FAIR training, or learned about FAIR through self-study, pursuing the Open FAIR Certification is a worthwhile goal. As more large companies and regulatory bodies accept FAIR as a leading methodology for quantitatively analyzing risk, the Open FAIR Certification is becoming increasingly valuable.
FAIR book co-author Jack Freund, PhD, recently spoke with the risk management team at a large retailer with a firm belief that “organizational apocalypse will occur if the website goes down.” A FAIR analyst on staff ran the numbers on the potential impact of a site outage – and found no apocalypse, just a manageable problem.
With the skills and resources of attackers constantly improving, is cyber risk management a hopeless endeavor? Working with CISOs and risk management teams as a FAIR consultant, this is a question I get asked from time to time and, in short, the answer is no, if you follow these three best practices:
In an article just out on FedScoop, Why government is slow to endorse frameworks for quantifying cybersecurity risk, Dave Nyczepir reports that, while qualitative, red-yellow-green approaches risk still dominate, the move to FAIR-based, quantification-driven risk management is well underway among federal agencies
It’s a devastating report from the Government Accountability Office that should accelerate the movement to cyber risk quantification (CRQ) and the FAIR model, already underway at the Department of Energy.
Targeting can be applied to the following tasks in the investment decision process based on the potential financial loss against an asset:
- Prioritizing the risk assessment scope
- Prioritizing the recommendations on remediation actions
Just published on Healthcare Innovation, Where Cybersecurity and Business Align: One CISO’s High-Level Perspective, profiles CISO Omar Khawaja’s success at introducing FAIR to Highmark Health, a leading healthcare delivery and insurance organization.