How to reduce your cyber risk with the FAIR cyber risk quantification model

How to reduce your cyber risk with the FAIR cyber risk quantification model Cyber risk is very real for organisations, who must constantly manage the risks and threats of cyber related attacks. According to the World Economic Forum's "The Global Risks Report 2021," cyber security failure ranks high among the top ten risks for business in terms of likelihood, outranked only by extreme weather events, livelihood crises and infectious diseases. But if cyber risk isn’t quantifiable, what’s the point? The key for any organisation is to understand exactly how much it's exposed to cyber risk and how much it's likely to lose. By quantifying that risk, you can set limits for your cyber security expenditures and calculate return on those investments. Read on to learn how you can make cyber risk more measurable for your organisation. Cyber Risk Quantification: Understanding the FAIR methodology A large concern in today’s boardroom is