FAIR Model Assignment. IT & Computer Science Coursework (Coursework Sample)

In the modern world, information has a great value. Information theft of any organization might destroy or hamper the organization. So, information risk must be examined and evaluated while establishing or operating a company. Cyber security is a critical aspect in any organization. It can be ensured with the help of the FAIR model. FAIR stands for Factor Analysis of Information Risk. The FAIR model is a technique designed for proper assessment of information risk. The FAIR model identifies all the risks by defining the constituents that make up the risk and the relationships between them. In other words, FAIR provides a framework for analyzing and understanding cyber risk as well as operational risk in terms of monetary value.