Factor analysis of information risk

FAIR Institute Award Winners Announced at 2023 FAIRCON Honoring Excellence in Cyber Risk Management

Retrieved on: 
Wednesday, October 18, 2023
Knowledge, Factor analysis of information risk, Safe, SAFE, EY, Capital One, Mastercard, Small Business Innovation Research, FAIR, Organization, Conference, Geography, Artificial intelligence, CISO, FAIR (Mormon apologetics organization), Risk management, Computer security, Business, CRQ, Ciso, Risk, Fannie Mae, Rolls-Royce, Property insurance, Industrial design, Arms industry, Expedia, Maersk, Caterpillar

RESTON, Va., Oct. 18, 2023 /PRNewswire/ -- The 2023 FAIR Conference on Cyber Risk Quantification (CRQ), hosted by the FAIR Institute , a research-driven not-for-profit organization advancing risk management based on Factor Analysis of Information Risk (FAIR™ ), the global standard for quantified risk analysis, today announced the finalists and winners of the FAIR Institute Awards program.

Key Points: 
  • RESTON, Va., Oct. 18, 2023 /PRNewswire/ -- The 2023 FAIR Conference on Cyber Risk Quantification (CRQ), hosted by the FAIR Institute , a research-driven not-for-profit organization advancing risk management based on Factor Analysis of Information Risk (FAIR™ ), the global standard for quantified risk analysis, today announced the finalists and winners of the FAIR Institute Awards program.
  • For 2023, three awards have been bestowed on industry leaders by the FAIR Institute: the Business Innovator Award, the FAIR Ambassador Award, and the FAIR Champion Award.
  • FAIR Champion finalists are Rob Immella, Global Leader of Cyber Risk Quantification, Caterpillar, and Rebekka Kurland, Cyber Security Risk Manager, Maersk.
  • FAIR Ambassador: Mohamed Abdul Rahim & Adham Etoom, Co-Chairs, Jordan Chapter
    The FAIR Ambassador Award recognizes a member's work bringing FAIR knowledge and the FAIR Institute to a new geography or industry.

Industry Benchmark Report, Issued by the FAIR Institute, Unveils the Dollar Impact of Cyber Incidents

Retrieved on: 
Monday, October 16, 2023
Likelihood function, Probability, CRQ, FAIR, Health care, EY, Public administration, Materiality, Risk management, Disclosure, Organization, Risk, Report, DC, FAIR (Mormon apologetics organization), Computer security, Education, CFOS, Factor analysis of information risk, Financial impact of the Boeing 737 MAX groundings, Social, Conference, Ciso, Security (finance), Top, Research

WASHINGTON, Oct. 16, 2023 /PRNewswire/ -- Ahead of FAIRCON this week, The FAIR Institute, the leader in education for cyber risk quantification (CRQ) based on FAIR™ (Factor Analysis of Information Risk), today released its 2024 Cybersecurity Risk Report. This document provides CISOs, CFOs and other business decision-makers the clearest visibility into the financial impact of cyber risks, based on quantitative analysis of actual cyber incidents through 2023.

Key Points: 
  • The 2024 Cybersecurity Risk Report Provides CISOs Insights into the Likelihood and Financial Impact of Top Cyber Risks.
  • This document provides CISOs, CFOs and other business decision-makers the clearest visibility into the financial impact of cyber risks, based on quantitative analysis of actual cyber incidents through 2023.
  • This Report is sponsored by EY and Safe Security which provided research on cybersecurity program development and data-science support.
  • The FAIR Institute released the report at the FAIR Conference, FAIRCON, held in Washington, DC, the premier annual event in risk management.

ThreatConnect Named a Leader in Cyber Risk Quantification Report by Independent Research Firm

Retrieved on: 
Monday, July 24, 2023
NIST, Forrester Research, Factor analysis of information risk, Subjectivity, Workflow, Cyber risk quantification, ISO, ThreatConnect, RQ, Intelligence, CIS, Automation, Organization, GM, Investment, Risk, Machine learning, TTP, ISO 27001, CRQ, AI, Forrester, MITRE, Environment, FAIR, Risk management

ARLINGTON, Va., July 24, 2023 /PRNewswire/ -- ThreatConnect, Inc, maker of leading threat intelligence operations (TI Ops) and cyber risk quantification solutions, today announced Forrester Research, Inc. named ThreatConnect a Leader in The Forrester Wave™: Cyber Risk Quantification (CRQ), Q3 2023 report[1].

Key Points: 
  • ARLINGTON, Va., July 24, 2023 /PRNewswire/ -- ThreatConnect, Inc , maker of leading threat intelligence operations (TI Ops) and cyber risk quantification solutions, today announced Forrester Research, Inc. named ThreatConnect a Leader in The Forrester Wave™: Cyber Risk Quantification (CRQ), Q3 2023 report[1].
  • ThreatConnect was among the select companies that Forrester invited to participate in its Q3 2023 Forrester Wave™ CRQ report [1].
  • According to the Forrester report, ThreatConnect is the highest ranked vendor in the Current Offering category.
  • Financial quantification of third party risk: RQ can integrate with third party scanners in order to quantify - in financial terms - the risk vendors and suppliers bring to an organization
    [1] The Forrester Wave™: Cyber Risk Quantification, Q3 2023 report, Forrester Research, Inc., (July 19, 2023)
    A complimentary report copy can be found here: https://gonow.threatconnect.com/forrester-wave-crq-report .

Safe Security Acquires RiskLens to Become Undisputed Leader in the $4B Cyber Risk Quantification and Management (CRQ) Market

Retrieved on: 
Wednesday, July 12, 2023
Cloud, White House, Factor analysis of information risk, SAFE, Safe, Risk management, CISO, Equinix, White, Organization, Acquisition, Risk, Engineering, AI, FAIR, Automation, Management

PALO ALTO, Calif., July 12, 2023 /PRNewswire/ -- Safe Security, the AI-Driven Cyber Risk Management company, has acquired RiskLens, the pioneer of the Cyber Risk Quantification standard - FAIR. By combining RiskLens and Safe Security, the two companies are bringing together the world's most advanced cyber risk quantification based on Factor Analysis of Information Risk (FAIRTM), with the world's most advanced AI-powered automated Cyber Risk Management platform, SAFE.

Key Points: 
  • Powerful combination of SAFE Platform's industry defining AI capabilities coupled with the industry standard FAIR model  for cyber risk quantification, that was pioneered by RiskLens, gives enterprises a one-stop-shop to address all their cyber risk quantification and management needs and paves a path to comply with impending SEC Cyber Guidelines
    PALO ALTO, Calif., July 12, 2023 /PRNewswire/ -- Safe Security , the AI-Driven Cyber Risk Management company, has acquired RiskLens, the pioneer of the Cyber Risk Quantification standard - FAIR.
  • By combining RiskLens and Safe Security, the two companies are bringing together the world's most advanced cyber risk quantification based on Factor Analysis of Information Risk (FAIRTM), with the world's most advanced AI-powered automated Cyber Risk Management platform, SAFE.
  • "We are at a critical inflection point in the market with new cyber risk management guidelines stemming from the White House and regulatory bodies, like the SEC.
  • I am thrilled to welcome RiskLens, which has pioneered the FAIR model of cyber risk quantification and established a trusted standard for measuring cyber risk, supported by over fourteen thousand practitioners, representing 50% of Fortune 500 companies," said Saket Modi, CEO and Co-founder at Safe Security.

Black Kite Announces First Ever Automated Cyber Risk Quantification Capabilities for Ransomware and Business Interruption Scenarios

Retrieved on: 
Tuesday, June 20, 2023
Technology, Data Management, Security, Organization, CRQ, ESG, Business, Factor analysis of information risk, Risk management, CISO, Environment, Face, Risk, Business interruption insurance, Black kite

Black Kite , the leader in third-party cyber risk intelligence, today announced the release of automated cyber risk quantification (CRQ) modeling for ransomware and business interruption scenarios.

Key Points: 
  • Black Kite , the leader in third-party cyber risk intelligence, today announced the release of automated cyber risk quantification (CRQ) modeling for ransomware and business interruption scenarios.
  • “Cyber risk quantification provides deeper and more useful insights than a mere security score or rating.
  • “By introducing these capabilities, our customers can now effortlessly and dependably conduct cyber risk quantification for all third-party use cases across thousands of vendors.
  • By automating cyber risk quantification modeling for business interruption and ransomware scenarios with Black Kite, organizations can proactively identify vulnerabilities, simulate potential impacts, assess the probable financial repercussions for each vendor, and develop effective response strategies.

Klear.ai Tops Redhand's 2023 RMIS Report Across User Survey Results and Ability to Deliver

Retrieved on: 
Wednesday, May 3, 2023
Cloud, Risk, RMIS, Report, Acquisition, User, RIMS, Risk management, Fraud, Factor analysis of information risk, Online shopping, Analytics

CYPRESS, Calif., May 3, 2023 /PRNewswire/ -- Klear.ai announces their inclusion in the 2023 RMIS Report [published by Redhand Advisors].

Key Points: 
  • Klear.ai tops unbundled providers in terms of ability to deliver Risk, Claims and Analytics software solutions, and the User Survey Results.
  • Klear.ai continues to demonstrate its leadership and expertise in risk, claims and analytics software solutions with an exceptionally strong result in the 2023 RMIS Report.
  • The RMIS report is a comprehensive review of the risk management information system (RMIS) and RiskTech market and vendors.
  • The report is designed to provide buyers with an unbiased, comprehensive analysis to evaluate leading vendors, technology and market trends in the RMIS space.

FAIR Institute adds Ostrich Cyber-Risk as newest partner sponsor

Retrieved on: 
Tuesday, April 11, 2023
NIST, Pressure, Factor analysis of information risk, Education, National Association of Corporate Directors, Risk management, Denial-of-service attack, Organization, Ostrich, Investment, Risk, Corporation, NACD, National Association, ROI, Ciso, FAIR, Audit

RESTON, Va., April 11, 2023 (GLOBE NEWSWIRE) --  The FAIR Institute has brought on Ostrich Cyber-Risk, a cyber risk management company, to its community as a FAIR Institute Sponsor.

Key Points: 
  • RESTON, Va., April 11, 2023 (GLOBE NEWSWIRE) --  The FAIR Institute has brought on Ostrich Cyber-Risk, a cyber risk management company, to its community as a FAIR Institute Sponsor.
  • The non-profit FAIR Institute is dedicated to advancing the discipline of measuring and managing cyber and operational risk.
  • We look forward to collaborating with the Ostrich Cyber-Risk team to advance the adoption of the FAIR model and help our members build quantitative risk management programs," said Jack Jones, chairman of the FAIR Institute.
  • "As a FAIR Institute Sponsor, we're able to closely interact with FAIR practitioners to better understand where they struggle in their cyber-risk quantification journey, allowing us to further improve our technology—enabling them to effectively practice the FAIR methodology.”

Industry-first quantitative cyber risk impact report gives business leaders real data and actionable insights based on actual customer incidents and financial exposure

Retrieved on: 
Wednesday, February 15, 2023
Benchmark, Organization, IBM, Factor analysis of information risk, Probability, CRQ, Risk, Health, Overalls, Risk management

"This first Annual Cybersecurity Risk Report provides the industry with much needed visibility into the business impact of the most common cybersecurity events across many industry verticals,” said Nick Sanna, CEO, RiskLens.

Key Points: 
  • "This first Annual Cybersecurity Risk Report provides the industry with much needed visibility into the business impact of the most common cybersecurity events across many industry verticals,” said Nick Sanna, CEO, RiskLens.
  • “Cyber risk quantification (CRQ) enables organizations to finally understand and manage their cyber loss exposure in financial terms that business leaders and corporate boards understand.
  • No industry is immune, with public administration and healthcare heading the list of industries with the most total risk exposure.
  • Businesses can improve their security posture by reducing data records at risk and lowering their event exposure by up to 88 percent.

RiskLens Named as a "Notable Vendor" in “The Cyber Risk Quantification Landscape" Report

Retrieved on: 
Friday, December 16, 2022
CRQ, RFEM, Factor analysis of information risk, Software, The Open Group, Organization, Education, FAIR, Technical advisor, Certification, Forrester, Growth, Research, Risk, Software as a service, Risk management

“In this research, Forrester recognizes a remarkable moment in the evolution of cybersecurity – the coming together of models, software and data to enable cyber risk quantification.

Key Points: 
  • “In this research, Forrester recognizes a remarkable moment in the evolution of cybersecurity – the coming together of models, software and data to enable cyber risk quantification.
  • CRQ is not an overlay on current practices in cyber risk measurement and management,” said Nick Sanna, CEO, RiskLens.
  • RiskLens helps organizations make better cybersecurity and technology investment decisions with software solutions that quantify cyber risk in financial terms.
  • We are the creators of Factor Analysis of Information Risk (FAIR™) , the international standard for cyber risk quantification, and the Technical Advisor to the FAIR Institute.

MetricStream and C-Risk Partner to Accelerate the Adoption and Value of Cyber Risk Quantification

Retrieved on: 
Monday, October 31, 2022
Software, Insurance, Data Analytics, Internet, Artificial Intelligence, Data Management, Professional Services, Technology, Insurance, Compliance, Software as a service, Power lines connecting Vancouver Island with Canadian Mainland, Partnership, Solution, Program, Software, IRM, GRC, Risk, Investment, Factor analysis of information risk, Simulation, Connection, Service, Information, CRQ, Growth, Product management, Senior, Risk management, Integrated Risk Management Services, Organization

CRQ, in particular the Factor Analysis of Information Risk (FAIR) standard, allows modelling of risk scenarios and quantification of the financial impact using statistical and probabilistic techniques.

Key Points: 
  • CRQ, in particular the Factor Analysis of Information Risk (FAIR) standard, allows modelling of risk scenarios and quantification of the financial impact using statistical and probabilistic techniques.
  • "Cyber risk quantification is a decision support tool that helps organisations present risk in financial terms to general management, justify and prioritise cyber security budgets as well as optimise a company's cyber insurance.
  • We are excited to partner with C-Risk to accelerate the value of MetricStreams CRQ capabilities with targeted FAIR training and enablement.
  • Recognized internationally for its expertise in cyber risk quantification (CRQ), C-Risk offers training on the FAIR methodology, CRQ as a Service as well as Cyber Risk Quantification Enablement Services to help organization build their internal risk quantification capabilities and improve their overall information security governance.