The Quantification of Risk Jack Jones Co-Founder RiskLens

One of the biggest challenges for risk managers and other control leaders is convincing management of the impact of risks. Jack Jones, Co-Founder of RiskLens and creator of F.A.I.R. methodology, explains some of the reasons that senior management is becoming more aligned with risk governance through risk quantification. Through this podcast discover how cyber security management plans embrace quantifying of risks in their risk analysis and explore ways to enhance risk governance through proper quantification of risk.

Jack created F.A.I.R a widely accepted methodology for quantifying cyber security risks. In this podcast Jack shares additional insights on what it means for management to look at risk from the FAIR perspective. Once risk managers can demonstrate cyber risk impact through true quantification of those risks, the message to senior management becomes actionable and realistic. Understanding the true costs of risk events aids senior management in aligning resources to address weaknesses. The value of quantification of risks does not end with management actions but also includes enhanced messaging to members of the Board of Directors and investors as well as other stakeholders. A must see podcast for anyone charged with managing cyber security.