FAIR assessment basics

🔍 FAIR assessment basics: Turning Cybersecurity into a strategic asset 

In a rapidly evolving threat landscape, organizations must proactively assess and manage risks. The FAIR (Factor Analysis of Information Risk) model provides a quantitative methodology to understand and quantify cyber risks in financial terms, enabling informed strategic decision-making. 

🧩 What is the FAIR model ?

FAIR is the internationally recognized standard for quantifying cyber and operational risks financially. It translates technical descriptions of cyber events into clear business language by evaluating the frequency and potential financial impact of loss events. 

The model relies on two main factors: 

• 𝐋𝐨𝐬𝐬 𝐄𝐯𝐞𝐧𝐭 𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐜𝐲: The probability that an adverse event will occur. 

  
  

• 𝐋𝐨𝐬𝐬 𝐌𝐚𝐠𝐧𝐢𝐭𝐮𝐝𝐞: The potential financial impact of the event. 

By multiplying these two factors, FAIR delivers a quantified risk estimation. 

🛠️ Advanced Tools: FAIR-CAM, FAIR-MAM & FAIR-TAM

To enhance analysis, complementary modules have been developed: 

• FAIR-CAM (Controls Analytics Model):  Evaluates the effectiveness of security controls and their contribution to risk mitigation. 

  
  

• FAIR-MAM (Materiality Assessment Model): Estimates the financial materiality of cyber incidents, assisting organizations in prioritizing actions and complying with regulatory requirements. 

  
  

• FAIR-TAM (Third-Party Analytics Model): An extension specifically designed for managing third-party cyber risks (Third-Party Risk Management – TPRM). 

🤖 Automation with Safe One    

Through our partnership with SAFE Security, DEEP SAFE offers the SAFE One platform, the leading Cyber Risk Quantification and Management (CRQM) solution built upon the FAIR model. SAFE One integrates real-time data streams, AI-driven analytics, and Monte Carlo simulations, providing a continuous and precise view of cyber risks. 

🎯Why Choose FAIR with DEEP SAFE ? 

• Strategic Alignment: Integrate cyber risk management into the broader business strategy.

  
  

•  Informed Decision-Making: Prioritize cybersecurity investments based on genuine return on investment. 

  
  

• Regulatory Compliance: Meet disclosure and compliance requirements effectively.

  
  

•  Effective Communication: Provide clear, quantified risk information to stakeholders. 

  
  

By adopting the FAIR model with DEEP SAFE, organizations can transform cybersecurity risk management into a competitive advantage, shifting from reactive approaches to proactive, informed strategies.