FAIR (Factor Analysis of Information Risk)

FAIR (Factor Analysis of Information Risk) is a framework used to help organizations understand and manage risk related to information and cybersecurity. It breaks down risk into measurable components, allowing companies to assess the potential financial impact of security threats. By analyzing factors such as threat frequency and asset value, FAIR provides a structured way to prioritize risks and make informed decisions on how to allocate resources for better protection, ultimately helping organizations enhance their resilience against potential losses.