Contending with the increased interest by Boards and executive leaders in cybersecurity, CISOs and security teams need a risk assessment model that can easily translate cyber risk data into financial insights. Cybersecurity data can be pretty technical and is not easily understood by business-side professionals. Yet, these insights can no longer be glossed over because they seem daunting. Security professionals can leverage the Factor Analysis of Information Risk (FAIR) model to assess cyber risks in financial terms.

*** This is a Security Bloggers Network syndicated blog from CyberSaint Blog authored by Maahnoor Siddiqui. Read the original post at: https://www.cybersaint.io/blog/the-fair-risk-model-a-practical-guide-for-organizations