This course provides a practical, hands-on approach to applying the Factor Analysis of Information Risk (FAIR) methodology in cyber risk management. Students will learn how to leverage industry research, use FAIR for decision-making, and report on the materiality of cyber incidents using FAIR-MAM (Materiality Assessment Methodology). Through real-world CISO lectures and exercises, participants will gain the skills to quantify and communicate cyber risk effectively in financial terms.
Practical Applications of FAIR™ for Cyber Risk Management
Practical Applications of FAIR™ for Cyber Risk Management
This course is part of Cyber Risk Management for Executives Specialization
Instructors: FAIR Institute
Included with 
Gain insight into a topic and learn the fundamentals.
Intermediate level
Recommended experience
16 hours to complete
3 weeks at 5 hours a week
Flexible schedule
Learn at your own pace
Skills you'll gain
Details to know
Shareable certificate
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Recently updated!
September 2024
Assessments
27 assignments
Taught in English
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This course is part of the Cyber Risk Management for Executives Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 3 modules in this course
This module focuses on enhancing cyber risk management practices through industry research, risk quantification using FAIR, and evolving approaches to cyber risk. It covers recent trends, empirical studies, and the application of FAIR to mature security programs. The module explores how quantitative risk analysis can improve decision-making and discusses the evolution of cyber risk management, including the integration of FAIR with frameworks like NIST CSF.
What's included
10 videos11 readings10 assignments8 discussion prompts
This module explores how the Factor Analysis of Information Risk (FAIR) framework enhances decision-making processes in cyber risk management. Participants will delve into the complexities of trade-off decisions, learn effective cyber risk quantification techniques, and discover how to optimize decision-making using FAIR. Through a combination of videos, readings, and real-world use cases from various industries, learners will gain practical insights into applying FAIR to improve business objectives and communicate more effectively with executive stakeholders.
What's included
11 videos6 readings12 assignments1 peer review6 discussion prompts
This module explores the critical concept of materiality in the context of cyber incidents and its implications for reporting to the Securities and Exchange Commission (SEC). Participants will gain a comprehensive understanding of how to define, assess, and communicate the materiality of cyber events. The module covers the SEC's guidelines, the FAIR-MAM (Factor Analysis of Information Risk - Materiality Assessment Methodology) framework, and practical use cases. Through expert insights, case studies, and interactive discussions, learners will develop the skills necessary to accurately determine the financial impact of cyber incidents and ensure compliance with SEC regulations.
What's included
10 videos7 readings5 assignments1 peer review2 discussion prompts
Offered by
Recommended if you're interested in Business Strategy
University of Colorado System
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