Information Risk
Book summary - Measuring and Managing Information Risk - A FAIR Approach; by Jack Freund, Jack Jones
Further reading: FAIR
Enterprise TruRisk Platform
Further reading Qualys Expands IT Control Posture To ‘De-Risk’ Business - Forbes Related pages Qualys
How to Quantify Cyber Risk using Factor Analysis of Information Risk (FAIR)
FAIR is a framework for threat modeling and a standard methodology for applying Value at Risk (VaR) principles to cybersecurity and operational risk. It promotes a consistent and measurable approach to analysing and quantifying risk. FAIR approaches risk from a quantitative rather than a qualitative perspective. Traditional risk management scales that use rank or order, for example Red-Amber-Green, High-Medium-Low, or Rated 1-5, as ordinal data are qualitative in nature. FAIR provides a more precise and objective way to assess risk by focusing on numerical data, enabling better-informed decision making, and a clearer understanding of the potential financial impact. ...
Loss Magnitude
Patching
Patching is a process in software development and ongoing maintenance where updates are applied to software to fix problems with the original code such as fixing vulnerabilities, improving functionality, or to enhance performance and speed. These updates, known as patches, are essential for maintaining the security and efficiency of software systems. Further reading Patching - Wikipedia
Value at Risk (VaR)
Value at Risk (VaR) is a statistical measure used to estimate the potential loss of an asset, portfolio, or investment over a specified time period at a given confidence level under normal market conditions. VaR can be used in risk management for risk measurement and assessment. Related pages FAIR, a technique used for cybersecurity and operational risk loss event measurement