Measuring and Managing Information Risk
A FAIR Approach
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Product details:
- Edition number 2
- Publisher Butterworth-Heinemann
- Date of Publication 1 December 2025
- ISBN 9780443134845
- Binding Paperback
- No. of pages342 pages
- Size 235x191 mm
- Weight 450 g
- Language English 700
Categories
Long description:
Measuring and Managing Information Risk: A FAIR Approach, Second Edition provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity using the Factor Analysis of Information Risk (FAIR) methodology developed over ten years and adopted by corporations worldwide. This new edition covers such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, and also includes new chapters and essays from industry professionals. It provides a step-by-step guide to help managers make better business decisions by understanding their organizational risk.
The field has advanced significantly in the past 10 years and this all-new edition reiterates the importance of the foundations of risk measurement but adds information about modern methods to integrate quantitative risk assessment methods into your security programs. This includes the integration of security telemetry data, outside data sources, approaches to automating FAIR assessments, and how to align methods and programs to security standards and regulations. Further discussed is how such approaches are being used by third-party agencies to provide CRQ data to the investors, underwriters, and regulators. This book is a valuable resource for all those who need the foundations, methods, and techniques for measuring, assessing, and communicating cyber risk to enable an organization to build an organizational IT risk management program. It serves as both a practical how-to guide for those new to the industry as well as tenured professionals that need a formalized guide for implementation.
- Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization, with insights on how to apply the FAIR methodology based on over 15 years of applied experience
- 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
- New to this edition: new chapters on Standards and Regulatory Alignment, Building Quantitative Risk Programs, and Assessment Automation, as well as significant revisions to cover the new FAIR-CAM standard and short essays from others in the industry
Table of Contents:
1. Introduction
2. Risk Concepts
3. FAIR Risk Ontology
4. FAIR Terminology
5. Measurement
6. Analysis Process
7. Interpreting Results
8. Risk Analysis Examples
9. Common Problems
10. Controls
11. Standards and Regulatory Alignment
12. Organizational Risk Decision Making
13. Metrics
14. Implementing Risk Management
15. Building Quantitative Risk Programs
16. Assessment Automation
17. Risk Measurement Red Flags
18. Invited Contribution
