Difference between revisions of "Factor Analysis of Information Risk (FAIR)"
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*Unlike risk assessment frameworks that focus their output on qualitative color charts or numerical weighted scales | *Unlike risk assessment frameworks that focus their output on qualitative color charts or numerical weighted scales | ||
*Builds a foundation for developing a scientific approach to information risk management | *Builds a foundation for developing a scientific approach to information risk management | ||
| − | *The OpenFAIR standard is maintained by The Open Group, a global consortium that enables the achievement of business objectives through IT standards | + | *The OpenFAIR standard is maintained by The Open Group, a global consortium that enables the achievement of business objectives through IT standards<ref>What is Factor Analysis of Information Risk (FAIR)? [https://www.risklens.com/why-risklens/built-on-the-fair-standard/ Risklens]</ref> |
Revision as of 19:56, 17 December 2019
A Methodology for Quantifying and Managing Risk in Any Organization FAIR is the only international standard quantitative model for cyber security risk.
- Provides a model for understanding, analyzing and quantifying cyber risk in financial terms
- Unlike risk assessment frameworks that focus their output on qualitative color charts or numerical weighted scales
- Builds a foundation for developing a scientific approach to information risk management
- The OpenFAIR standard is maintained by The Open Group, a global consortium that enables the achievement of business objectives through IT standards[1]