The Factor Analysis of Information Risk (FAIR) is the de facto standard quantitative model for information security and operational risk. And while FAIR continues to have a positive impact on how security professionals think about and communicate risk, the upfront costs associated with starting a FAIR program and the time it takes to realize actual value from those investments has made FAIR inaccessible to many enterprises.
We spoke to ThreatConnect’s Steve Ward at length about the benefits of automating cyber risk quantification and supporting a FAIR program with an integrated threat intelligence platform and SOAR capabilities.
- The costs and challenges of implementing the FAIR standard on your own
- The challenge of leveraging FAIR in a manual environment
- The benefits of automated cyber risk quantification (CRQ), threat intelligence platform (TIP), and security orchestration, automation, and response (SOAR) in one platform
- How the Risk-Threat-Response approach improves FAIR’s time-to-value
“We say, ‘make quantification simpler, make it faster, make it more reliable and based on real world threats’,” said Ward. “We make it easy — not a year and millions of dollars worth of investment, but months, even weeks, to see the big picture. The FAIR proposition to chief information security officers (CISOs) can’t be to hire more experts, add more complexity, spend hundreds of thousands of dollars on professional services, and spend a year or more building a system. That’s just an untenable position for most CISOs.”
Learn more about how ThreatConnect can help you establish a cost-effective Factor Analysis of Information Risk (FAIR) program that is based on real-world cyber threats in just weeks or months and at a fraction of the cost.