Summary:
The genesis of Factor Analysis of Information Risk (FAIR) began when Jack Jones, a newly minted CISO at Nationwide Insurance, was seeking budget approval from his board. He was asked a very simple question “how much risk do we have?” The follow up question was just as simple “how much less risk will we have if we grant you the funding?” Jack was embarrassed that he was unable to answer these questions from a group of risk-focused executives. He resolved to be more prepared the next time.
The result of Jack’s relentless pursuit for an intuitive and usable model to quantify cyber risk in economic terms has now become the industry standard ontology for quantifying cyber risk. Published in 2009 by The Open Group, the Open FAIR Risk Taxonomy has been touted as the first model to decompose risk down to its basic elements and describe the relationship or effect those elements have on one another. FAIR simply and intuitively defines how risk works.
This interactive presentation will provide the audience with an overview of the FAIR ontology and familiarize them with the resources available for further learning and investigation.
Attendees will learn about:
- The need for the information security community to speak a common language
- The limitations of qualitative measurement
- The elements that make the FAIR ontology unique
- How FAIR enables cost-effective cyber risk management
- Resources available to support a FAIR quantitative risk practice within your program
Speaker: Mike Radigan, Executive Director, Business of Security
Time:
11:15 – 11:30 am - Sign-In
11:30 – 12:00 pm - Lunch Served
12:00 – 1:00 am - Presentation
Location: J Liu Restaurant or Virtual*
Capacity: 50 (in-person), 300 (virtual)
CPE: 1 Hours
Receiving CPE Credit: Please note that Webcast attendance will be recorded, and late arrivals that do not sit for the allotted session time will not receive CPE credit. Registrants must register with/sign-in to Zoom using the same email address used for registering for this event. Certificates of attendance will be issued via email within 1-2 weeks of the event.
Cost:
- FREE - Members, Students, Virtual Attendee
- $20 - ISSA, (ISC)², IIA Members
- $30 - Non-Members
Reservations Policy:
All reservations made are subject to the Chapter's General Cancellation Policy.
* Our virtual platform is provided by Zoom. Check here to see if you meet general system requirements. Alternatively, the Zoom Web Client may be used to view the Webcast. Requirements for the Zoom Web Client may be viewed here.