Measuring and Managing Information Risk: A FAIR Approach

by Jack Freund, Jack Jones

Overview

Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk.

• Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization.
• Carefully balances theory with practical applicability and relevant stories of successful implementation.
• Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

Product Details

ISBN-13:	9780127999326
Publisher:	Elsevier Science
Publication date:	08/23/2014
Sold by:	Barnes & Noble
Format:	eBook
Pages:	408
File size:	10 MB

About the Author

Dr. Jack Freund is a leading voice in cyber risk measurement and management. As VP, Head of Cyber Risk Methodology for BitSight, Jack has overall responsibility for the systemic development and application of frameworks, algorithms, and quantitative and qualitative methods to measure cyber risk. Previously, Jack was Director of Risk Science at quantitative risk management startup RiskLens and Director of Cyber Risk for TIAA. Jack holds a Ph.D. in Information Systems from Nova Southeastern University, a Masters in Telecommunication and Project Management, and a BS in CIS. Jack has been named a Senior Member of the IEEE and ACM, a Fellow of the IAPP and FAIR Institute, and a Distinguished Fellow of the ISSA. He is the 2020 recipient of the (ISC)2 Global Achievement Award, 2018 recipient of ISACA’s John W. Lainhart IV Common Body of Knowledge Award, and the FAIR Institute’s 2018 FAIR Champion Award.
Jack Jones has worked in information security for over 35 years, serving as a CISO with three different companies, including a Fortune 100 company. His work was recognized in 2006 with the ISSA Excellence in the Field of Security Practices award, and in 2012 he received the CSO Compass award. As an Adjunct Professor at Carnegie Mellon University, he teaches in the CRO and CISO executive programs. Jones also created the Factor Analysis of Information Risk (FAIR) model, as well as the FAIR Controls Analytics Model (FAIR-CAM), since adopted as international standards. Jones is the Chief Risk Scientist at RiskLens and Chairman of the FAIR Institute, an award-winning global non-profit organization.

Table of Contents

Chapter 1: Introduction

Chapter 2: Basic Risk Concepts

Chapter 3: The FAIR Risk Ontology

Chapter 4: FAIR Terminology

Chapter 5: Measurement

Chapter 6: Analysis Process

Chapter 7: Interpreting Results

Chapter 8: Risk Analysis Examples

Chapter 9: Thinking about Risk Scenarios Using FAIR

Chapter 10: Common Mistakes

Chapter 11: Controls

Chapter 12: Risk Management

Chapter 13: Information Security Metrics

Chapter 14: Implementing Risk Management

What People are Saying About This

From the Publisher

An updated, comprehensive resource that provides a much-needed, flexible methodology for measuring and managing information risk

Editorial Reviews

"...informative and insightful—and surprisingly engaging. Using examples, anecdotes, and metaphors, the writers keep this educational work from becoming difficult... Professionals new to thorough information risk analysis or using more simplified approaches will find this book extremely useful." —Security Management

From the Publisher