Open FAIR

E701305

Open FAIR is a risk analysis and quantification framework that provides a standardized, quantitative approach to assessing and comparing information and operational risks.

All labels observed (2)

Label Occurrences
Open FAIR canonical 1
Open FAIR standard 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf information risk framework ⓘ
risk analysis framework ⓘ
risk quantification framework ⓘ
aimsTo enable comparison of different risks ⓘ
improve consistency of risk assessments ⓘ
link risk to business impact ⓘ
standardize risk terminology ⓘ
appliesTo multiple industries ⓘ
organizations of various sizes ⓘ
characteristic model-based ⓘ
quantitative ⓘ
scenario-based ⓘ
technology-agnostic ⓘ
comparedWith qualitative risk assessment methods ⓘ
defines risk in terms of loss event frequency and loss magnitude ⓘ
emphasizes probabilistic thinking ⓘ
separation of frequency and magnitude in risk ⓘ
use of ranges instead of point estimates ⓘ
focusesOn information risk ⓘ
operational risk ⓘ
hasComponent control analysis ⓘ
loss event frequency model ⓘ
loss magnitude model ⓘ
threat event frequency model ⓘ
vulnerability model ⓘ
hasFullName Open Factor Analysis of Information Risk ⓘ
models control strength ⓘ
loss event frequency ⓘ
loss magnitude ⓘ
probable loss exposure ⓘ
threat event frequency ⓘ
vulnerability ⓘ
output financially expressed risk metrics ⓘ
quantified loss exposure ⓘ
risk distributions ⓘ
provides quantitative approach to risk analysis ⓘ
standardized approach to risk analysis ⓘ
supports decision making under uncertainty ⓘ
risk comparison ⓘ
risk quantification ⓘ
usedFor IT risk management ⓘ
communicating risk in financial terms ⓘ
comparing risk scenarios ⓘ
cybersecurity risk analysis ⓘ
information security risk analysis ⓘ
operational risk analysis ⓘ
prioritizing risk mitigation investments ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

The Open Group → developsStandard → Open FAIR ⓘ
Open FAIR certification → basedOn → Open FAIR standard ⓘ
linked to: Open FAIR