Cyber and information security can be tough topics to digest. Adding on the element risk can make things even more confusing for those unversed in cybersecurity, leaving CISOs and security teams unable to effectively communicate risk exposures and security gaps in qualitative terms. In order for members of the Board and C-suite to make decisions based on their organization’s risk exposure, they need to understand risk in numbers, the financial aspect of risk. It is not enough to present ground-level qualitative data to the board and prove compliance. The nitty-gritty high-level data needs to be communicated for effective decision-making by the Board and C-suite.
Risks exist in every enterprise’s IT, cyber, and vendor units. CISOs have been scrambling to find a methodology that quantifies risk and FAIR, or Factor Analysis of Information Risk, is a model that has been able to solve this unique risk quantification problem. The FAIR model is an approach managed by The Open Group and is available to all, with information shared between those who already implement FAIR.
What is the FAIR Methodology?
The FAIR model equips CISOs with the ability to communicate meaningful…
