RiskLens, a leading provider of cyber risk quantification (CRQ) and cyber risk management solutions, and a Winner in the Annual ‘ASTORS’ Homeland Security Awards Program Two Years Running, is pleased to unveil the RiskLens FAIR Enterprise Model™ (RF-EM™).
The RF-EM™ provides an industry standard for the development of quantitative risk management programs based on the internationally adopted Factor Analysis of Information Risk (FAIR) model.
RiskLens built this proprietary model from years of experience as a pioneer in cyber risk quantification software.
RiskLens was built by Jack Jones the author of FAIR, is the sole technical advisor to The FAIR Institute, and has gained profound industry experience through Professional Services engagements building programs for Global 2,000 and government organizations.
(Jack Jones is the author of FAIR and Chairman of the FAIR Institute. Jack is one of the foremost authorities in the field of information risk management, is a 3-time CISO and the author of Measuring and Managing Information Risk: A FAIR Approach, which was inducted into the Cyber Security Canon in 2016 as a must-read in the profession. Courtesy of the FAIR Institute and YouTube. Posted on Nov 12, 2019.)
RF-EM™ provides a foundational blueprint for converting the theoretical value of the FAIR model into an enterprise-ready, cyber security decision support capability.
Harnessing the power of the RiskLens Software as a Service (SaaS) platform and its Professional Services capabilities for building quantitative risk management programs, RF-EM™ enables the delivery of outcome-based solutions aligned to organizational cyber risk maturity.
“FAIR revolutionized risk management with its standard risk taxonomy and analytics model, but FAIR alone is not enough to build an enterprise program,” explains Nick Sanna, Chief Executive Officer at RiskLens.
“Harnessing the value of FAIR within an enterprise requires both a powerful software platform that enables scalable data management, applied risk modeling, and streamlined workflows, as well as Professional Services support, in building quantitative risk management programs.”
“What we are doing with RF-EM™ is providing the industry with a clear picture on how to evolve.”
The release of RF-EM™ comes at a time where the cybersecurity industry is rapidly adopting the FAIR standard.
The FAIR Institute now counts more than 7,500 security and risk professionals as members, having doubled in 2019.
The Global 2,000 and Fortune 1,000 have embraced FAIR with 9 out of the Fortune 10, 75% of the Fortune 50, 30% of the Fortune 1,000 and 25% of the Global 2,000 represented in the member base.
(Learn how to base your risk management program on true cyber risk quantification and understand your infosecurity risk in financial terms. Courtesy of RiskLens and YouTube. Posted on Apr 2, 2019.)
The RiskLens FAIR Enterprise Model™
For years now, visionary cyber risk leaders have been searching for a way to manage cyber risk from the business perspective.
They’ve embraced the FAIR™ taxonomy and analytics model as the foundation of this evolution but the model itself is not enough to build an enterprise program.
Initially, there were no established best practices for enterprise adoption of FAIR. RiskLens changed that reality. Founded by the authors of FAIR, RiskLens purpose-built a Software as a Service platform around FAIR.
RiskLens has spent years as the technical adviser to the FAIR Institute, and has developed unmatched experience working with the Global 2,000.
The result is a documented, consistent and proven approach to building quantitative risk management programs based on FAIR.
The RiskLens FAIR Enterprise Model™ (RF-EM™) makes these standard cyber risk management best practices accessible to all.
Starting with FAIR™
The First Step to Better Cyber Risk Management
The FAIR model revolutionizes cyber risk management by providing a standard taxonomy and analytics model that organizations can use to consistently define, measure and communicate about cyber risk.
The elegance, clarity and practicality of FAIR, and the availability of FAIR spreadsheets and free tools such as FAIR-U, has led many organizations to quantify cyber risk in financial terms for the first time ever, and to finally articulate it in the same fashion as other forms of enterprise risk such as market and credit risk.
However, these organizations have discovered that building risk management programs around FAIR is not that simple of an undertaking.
For some, it took years and in some cases many millions of dollars in R&D, to realize that adopting FAIR as a common language and measurement model for cyber risk was just the first step, and that enterprise needs could not be met by FAIR alone.
Scaling FAIR can be hard without a set of best practices for enterprise adoption.
This is where the RiskLens FAIR Enterprise Model™ comes into play.
Scaling to the Enterprise
A Standard Model for Quantitative Risk Management
RiskLens was founded by the authors of FAIR to support large organizations in building quantitative cyber risk management programs based on the model.
Through years of research and development, RiskLens purpose-built a Software as a Service platform around FAIR.
RiskLens has spent years as the technical adviser to the FAIR Institute, and has developed unmatched experience working with the Global 2,000.
The result is a documented, consistent and proven approach to building quantitative risk management programs and a standard model for managing cyber risk at the enterprise level, called the RiskLens FAIR Enterprise Model™ (RF-EM™).
- RF-EM is based on FAIR as its foundational risk analysis model
- RF-EM leverages the RiskLens SaaS platform that delivers enterprise-grade analysis, management and reporting capabilities
- RF-EM provides a proven playbook to build a quantitative risk management program (QRMP)
- RF-EM defines outcome based solutions that are tailored to risk management maturity levels
RF-EM™ provides the following benefits:
- Better alignment between security, audit, the business and the board by articulating cyber risk in financial terms
- Confidence to manage cyber risk according to the FAIR standard and risk management standards such as ISO 31000/27000, NIST 800, Octave Forte, COSO
- Faster adoption of FAIR best practices via pre-packaged, software as-a-service solutions built to the RF-EM standard such as:
RSA Conference 2020, arguably the largest cybersecurity conference in the world, has recognized FAIR as one of the industry’s key trends and multiple sessions around FAIR are part of the official agenda.
“RiskLens has been much more than just a software platform for us, they’ve been a partner in our journey to better cyber risk management,” added Kelly Uhrich, Senior Vice President and Deputy Chief Information Security Officer at KeyBank, which further demonstrates the value found in the RiskLens approach by clients.
“The marriage of their technology, which is the best way to enterprise-enable the FAIR model, with a world-class Professional Services team, has been invaluable.”
“This approach has helped us make the organizational shift to cyber risk quantification a streamlined process, with success-based milestones along the way that have demonstrated continued value to the business.”
RiskLens Brings Home the Gold in the 2019 ‘ASTORS’ Awards Program
RiskLens
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Best Risk, Crisis Management Solution
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RiskLens Cyber Risk Mgmt
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RiskLens Cyber Risk Mgmt software assesses cybersecurity risk, prioritizes risk mitigation, calculates security ROI and optimizes cyber insurance by quantifying it in financial terms.
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RiskLens was also recognized in the 2018 ‘ASTORS’ Awards Program.
The 2019 ‘ASTORS’ Awards Program surpassed expectations with a record number of nominations received from industry leaders and government agencies, and drew over 200 attendees to the ‘ASTORS’ Awards Presentation Banquet – an exclusive gourmet luncheon and networking opportunity which filled to capacity, before having to turn away late registrants.
The event featured an impassioned and compelling keynote address by William J. Bratton, former police commissioner of the New York Police Department (NYPD) twice, the Boston Police Department (BPD), and former chief of the Los Angeles Police Department (LAPD), as he walked attendees through 50 years of American policing history, the impacts on the communities, and the evolution of critical communication capabilities in our post 9/11 landscape.
Commissioner Bratton, one of the world’s most respected and trusted experts on risk and security issues and Executive Chairman of Teneo Risk a global advisory firm, was recognized as the ‘2019 ‘ASTORS’ Person of the Year’ for his Lifetime of Dedication and Extraordinary Leadership in Homeland Security and Public Safety.
Why the 2019 ‘ASTORS’ Homeland Security Awards Program?
American Security Today’s comprehensive Annual Homeland Security Awards Program is organized to recognize the most distinguished vendors of physical, IT, port security, law enforcement, and first responders, in acknowledgment of their outstanding efforts to ‘Keep our Nation Secure, One City at a Time.’
Over 200 distinguished guests representing Federal, State and Local Governments, and Industry Leading Corporate Firms, gathered from across North America, Europe and the Middle East to be honored among their peers in their respective fields which included:
- The Drug Enforcement Administration (DEA)
- National Center for Missing and Exploited Children (NCMEC)
- United States Marine Corps
- The Federal Protective Service (FPS)
- Argonne National Laboratory (ANL)
- United States Postal Inspection Service
- DHS S&T
- United States Marshals Service (USMS)
- The Port Authority of New York & New Jersey Police (PAPD)
- The Department of Justice (DOJ)
- The New York State Division of Homeland Security & Emergency Services (NYS DHSES)
- United States Border Patrol
- AlertMedia, Ameristar Perimeter Security, Attivo Networks, Automatic Systems, Bellevue University, BriefCam, Canon U.S.A., CornellCookson, Drone Aviation, FLIR Systems, Hanwha Techwin, HID Global, IPVideo Corp., Konica Minolta Business Solutions, LenelS2, ManTech, Regroup Mass Notifications, SafeLogic, SolarWinds, Senstar, ShotSpotter, Smiths Detection, TCOM LP, Trackforce, Verint, and More!
Why American Security Today?
The traditional security marketplace has long been covered by a host of publications putting forward the old school basics to what is Today – a fast changing security landscape.
The traditional security marketplace has long been covered by a host of publications putting forward the old school basics to what is Today – a fast changing security landscape.
American Security Today is uniquely focused on the broader Homeland Security & Public Safety marketplace with over 75,000 readers at the Federal, State and local levels of government as well as firms allied to government.
American Security Today brings forward a fresh compelling look and read with our customized digital publications that hold readers eyes throughout the story with cutting edge editorial that provides solutions to their challenges.
Harness the Power of the Web – with our 100% Mobile Friendly Publications
The AST Digital Publications is distributed to over 75,000 qualified government and homeland security professionals in federal, state and local levels.
‘PROTECTING OUR NATION, ONE CITY AT A TIME’
AST Reaches both Private & Public Experts, essential to meeting these new challenges.
Today’s new generation of public safety and security experts need real-time knowledge to deal with domestic and international terrorism, lone wolf attacks, unprecedented urban violence, shifts in society, culture and media bias – making it increasingly difficult for Homeland Security, Law Enforcement, First Responders, Military and Private Security Professionals to implement coordinated security measures to ensure national security and improve public safety.
These experts are from Government at the federal, state and local level as well as from private firms allied to government.
AST provides a full plate of topics in our AST Monthly Magazine Editions, AST Website and AST Daily News Alerts, covering 23 Vital Sectors such as Access Control, Perimeter Protection, Video Surveillance/Analytics, Airport Security, Border Security, CBRNE Detection, Border Security, Ports, Cybersecurity, Networking Security, Encryption, Law Enforcement, First Responders, Campus Security, Security Services, Corporate Facilities, and Emergency Response among others.
AST has Expanded readership into integral Critical Infrastructure audiences such as Protection of Nuclear Facilities, Water Plants & Dams, Bridges & Tunnels, and other potential targets of terrorism.
Other areas of concern include Transportation Hubs, Public Assemblies, Government Facilities, Sporting & Concert Stadiums, our Nation’s Schools & Universities, and Commercial Business Destinations – all enticing targets due to the large number of persons and resources clustered together.
To learn more about the 2019 ‘ASTORS’ Homeland Security Award Winners solutions, please go to the 2019 ‘ASTORS’ Championship Edition Fully Interactive Magazine – the Best Products of 2019 ‘A Year in Review’.
The ‘ASTORS’ Champion Edition is published annually and includes a review of the ‘ASTORS’ Award Winning products and programs, highlighting key details on many of the winning firms products and services, includes video interviews and more.
It is your Go-To source throughout the year for ‘The Best of 2019 Products and Services‘ endorsed by American Security Today, and can satisfy your agency’s and organization’s most pressing Homeland Security and Public Safety needs.
From Physical Security (Access Control, Critical Infrastructure, Perimeter Protection and Video Surveillance Cameras and Video Management Systems), to IT Security (Cybersecurity, Encryption, Data Storage, Anti-Malware and Networking Security – Just to name a few), the 2019 ‘ASTORS’ CHAMPIONS EDITION will have what you need to Detect, Delay, Respond to, and Mitgate today’s real-time threats in our constantly evolving security landscape.
It also includes featured guest editorial pieces from some of the security industry’s most respected leaders, and recognized firms in the 2019 ‘ASTORS’ Awards Program.
RiskLens is a leading provider of quantitative cyber risk management solutions, which combine software and professional services, designed to enable the creation of cyber risk quantification programs.
RiskLens empowers large enterprises and government organizations to manage cyber risk from the business perspective by quantifying that risk in monetary terms.
Its platform is recognized as a mission-critical business application for cybersecurity and risk teams across the Global 2,000.
Clients depend on RiskLens solutions to better understand and communicate their cyber risk exposure in financial terms, prioritize their risk mitigations, measure the ROI of their security investments, and meet regulatory demands calling for the quantification of cyber risk.
To Learn More, please visit www.risklens.com.
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- Provides named sources
- Reported by more than one notable outlet
- Includes supporting video, direct statements, or photos
