For years now, visionary cyber risk leaders have been searching for a way to manage cyber risk from the business perspective. They've embraced the FAIR™ taxonomy and analytics model as the foundation of this evolution but the model itself is not enough to build an enterprise program.
Initially, there were no established best practices for enterprise adoption of FAIR. RiskLens changed that reality. Founded by the authors of FAIR, RiskLens purpose-built a Software as a Service platform around FAIR. RiskLens has spent years as the technical adviser to the FAIR Institute, and has developed unmatched experience working with the Global 2,000. The result is a documented, consistent and proven approach to building quantitative risk management programs based on FAIR.
The RiskLens FAIR Enterprise Model™ (RF-EM™) makes these standard cyber risk management best practices accessible to all.
Enterprise enabling FAIR requires the use of a powerful, cyber risk management platform purpose-built around the model. RiskLens is the pioneer in cyber risk quantification and delivers to market a FAIR based, Software as a Service platform which combines scalable data management with applied risk modeling, workflows and reporting.
Moving from qualitative heat maps to a quantitative, business oriented view of cyber risk requires organizational change. RiskLens supports clients in this change through a suite of Professional Services offerings designed to help them build effective, enterprise-wide quantitative risk management programs.
RiskLens delivers a series of outcome based solutions, aligned with stages of organizational maturity in cyber risk quantification, in order to deliver quick time to value for your organization. These solutions answer a range of different questions and provide a reliable, decision support capability for making tactical and strategic cybersecurity investments.
The FAIR model revolutionizes cyber risk management by providing a standard taxonomy and analytics model that organizations can use to consistently define, measure and communicate about cyber risk.
The elegance, clarity and practicality of FAIR, and the availability of FAIR spreadsheets and free tools such as FAIR-U, has led many organizations to quantify cyber risk in financial terms for the first time ever, and to finally articulate it in the same fashion as other forms of enterprise risk such as market and credit risk.
However, these organizations have discovered that building risk management programs around FAIR is not that simple of an undertaking. For some, it took years and in some cases many millions of dollars in R&D, to realize that adopting FAIR as a common language and measurement model for cyber risk was just the first step, and that enterprise needs could not be met by FAIR alone. Scaling FAIR can be hard without a set of best practices for enterprise adoption.
This is where the RiskLens FAIR Enterprise Model™ comes into play.
RiskLens was founded by the authors of FAIR to support large organizations in building quantitative cyber risk management programs based on the model.
Through years of research and development, RiskLens purpose-built a Software as a Service platform around FAIR. RiskLens has spent years as the technical adviser to the FAIR Institute, and has developed unmatched experience working with the Global 2,000. The result is a documented, consistent and proven approach to building quantitative risk management programs and a standard model for managing cyber risk at the enterprise level, called the RiskLens FAIR Enterprise Model™ (RF-EM™).
The RiskLens FAIR Enterprise Model™ provides a blueprint for marrying cybersecurity, threat and loss data to produce actionable risk analytics and enable effective risk management. RiskLens provides cyber risk leaders with a decision support capability to make cost-effective investment decisions and manage cybersecurity from the business perspective.
RF-EM™ provides the following benefits:
Use this poster to guide your thinking and aide in discussions as your organization starts talking more about FAIR adoption.
Let them know that the path to better cyber risk management doesn't have to be walked alone. Let then know that RiskLens has taken years of lessons learned from market and combined them into a powerful approach to driving enterprise-wide adoption of FAIR.
"FAIR is a quantifiable, repeatable methodology that has a proven model behind it that is actually relevant to our business...we can actually articulate risk and threat likelihood and consequences, it gets us in a good position as a trusted adviser to the board."
"I think that FAIR is just a phenomenal program for being able to develop a consistent and rigorous methodology to reason about and measure and mitigate your cyber risk."
"If CISOs push back on quantifying potential loss, I find that unacceptable as a board director. CISOs need to advance."
Let us help you measure your risk in financial terms.
RiskLens offers solutions that measure and analyze cybersecurity risk with the international FAIR standard.