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FAIR Institute
Foundations of Cyber Risk Management and FAIR™
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FAIR Institute

Foundations of Cyber Risk Management and FAIR™

This course is part of Cyber Risk Management for Executives Specialization

FAIR Institute
Bernadette Dunn

Instructors: FAIR Institute

Instructors

FAIR Institute
FAIR Institute
FAIR Institute
4 Courses•829 learners
Bernadette Dunn
Bernadette Dunn
FAIR Institute
3 Courses•764 learners

Included with Coursera Plus

•Learn more
3 modules
Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

Recommended experience

Intermediate level

At lease five years of business experience.

15 hours to complete
3 weeks at 5 hours a week
Flexible schedule
Learn at your own pace

3 modules
Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

Recommended experience

Intermediate level

At lease five years of business experience.

15 hours to complete
3 weeks at 5 hours a week
Flexible schedule
Learn at your own pace
  • About
  • Outcomes
  • Modules
  • Recommendations
  • Testimonials
  • Reviews

Skills you'll gain

  • Business Risk Management
  • Management Reporting
  • Compliance Reporting
  • Risk Management
  • Risk Analysis
  • Strategic Prioritization
  • Strategic Decision-Making
  • Cyber Risk
  • Cybersecurity
  • Risk Modeling
  • Governance
  • Business Communication
  • Strategic Leadership
  • Enterprise Risk Management (ERM)

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

27 assignments

Taught in English

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Build your subject-matter expertise

This course is part of the Cyber Risk Management for Executives Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 3 modules in this course

Empower your executive decision-making with a quantitative approach to cyber risk management. This specialization introduces the Factor Analysis of Information Risk (FAIR) model, providing executives with a powerful framework to effectively understand, measure, and communicate cyber risks.

What you'll learn Understand the fundamentals of cyber risk management from an executive perspective. Grasp the core principles of the FAIR model and its application in cyber risk quantification. Develop skills to make informed, data-driven decisions about cybersecurity investments. Learn to communicate complex cyber risks to board members and stakeholders effectively. Skills you'll gain Executive-level Cyber Risk Management FAIR Model Fundamentals Quantitative Risk Analysis Strategic Cybersecurity Decision-making Risk Communication for Executives Courses in this Specialization 1. Cyber Risk Management Essentials for Executives Gain a comprehensive understanding of cyber risk management tailored for executive leadership. Learn to identify and prioritize cyber threats relevant to your organization's strategic objectives. 2. Introduction to FAIR: Quantifying Cyber Risk for Decision Makers Discover how the FAIR model transforms cyber risk management. Learn the basics of risk quantification and how FAIR can provide actionable insights for executive decision-making. 3. Applying FAIR: From Risk Analysis to Strategic Decisions Explore practical applications of FAIR in executive contexts. Learn to interpret FAIR analyses, evaluate cybersecurity investments, and align risk management with business goals. 4. Cyber Risk Governance and Communication for Executives Master the art of translating technical cyber risk concepts into business language. Develop strategies for effective board reporting, regulatory compliance, and fostering a risk-aware culture. Applied Learning Project Throughout this specialization, you'll engage with executive-focused discussion prompts and first-hand executive case studies. You'll practice using FAIR principles to analyze cyber risks, make strategic decisions about risk mitigation, and develop board-level communications about your organization's cyber risk posture. This specialization is designed for CEOs, Board Directors, CFOs, General Counsels, and Chief Risk Officers seeking to enhance their cyber risk management capabilities using the FAIR model. No technical background is required, but a basic understanding of risk management principles is beneficial. By completing this specialization, you'll be equipped to confidently lead your organization's cyber risk management efforts, leveraging the power of the FAIR model to drive informed, strategic decision-making.

This foundational module is designed to equip executives with a comprehensive understanding of cyber risk management in today's digital business landscape. As cyber threats continue to evolve and pose significant risks to organizations, it is crucial for leaders to grasp the fundamentals of managing these risks effectively. This module will explore the unique challenges faced by CEOs and board members in overseeing cyber risk, introduce key concepts in cyber risk management, and provide insights into translating technical cybersecurity issues into business terms. Through expert perspectives and interactive discussions, executives will gain the knowledge and confidence needed to lead their organizations in addressing cyber risks strategically.

What's included

10 videos6 readings7 assignments5 discussion prompts

10 videos•Total 28 minutes
  • Intro to Cyber Risk Management with FAIR™•1 minute•Preview module
  • Specialization Overview and Instructors•0 minutes
  • Welcome to the Course•2 minutes
  • Executive Education•3 minutes
  • CEO's Cyber Risk Management Challenges•3 minutes
  • CISO's Risk Communication Challenges•1 minute
  • Executive Oversight of Cyber Risk Management•3 minutes
  • Defining Cyber Risks•4 minutes
  • Business Communication with FAIR•4 minutes
  • Global CISO Board Reporting Insights•4 minutes
6 readings•Total 75 minutes
  • What Is Cyber Risk Management with FAIR?•10 minutes
  • Syllabus: Foundations of Cyber Risk Management with FAIR•10 minutes
  • Cybersecurity Questions for CEOs (US Department of Homeland Security)•10 minutes
  • Director's Handbook on Cyber Risk Oversight •20 minutes
  • Best Practices for Communicating Cyber Risk Using FAIR•10 minutes
  • Cyber Risk Is a Growing Business Risk•15 minutes
7 assignments•Total 19 minutes
  • Assessment of CEO's Cyber Risk Management Challenges•2 minutes
  • Assessment of CISO's Risk Communication Challenges•2 minutes
  • Assessment of Executive Oversight of Cyber Risk Management•2 minutes
  • Assessment of Defining Cyber Risk•2 minutes
  • Assessment of Business Communication with FAIR•3 minutes
  • Assessment of Global CISO Board Reporting Insights•2 minutes
  • Graded Assessment - 1•6 minutes
5 discussion prompts•Total 35 minutes
  • Meet and Greet•5 minutes
  • Why Engage Business Execs in Cyber Risk Management?•5 minutes
  • 5 Questions CEOs' Should Be Asking about Cybersecurity•10 minutes
  • Cybersecurity Opportunities for Your Business•5 minutes
  • What's Your Biggest Disconnect?•10 minutes

This introductory learning module provides executives with a foundational understanding fo the critical challenges in cyber risk management. Designed for senior leaders new to the complexities of cybersecurity, this module offers an overview of three critical areas: Security Executive Challenges with managing robust cyber risk management programs, qualitative risk frameworks for board reporting, and limitations with existing risk frameworks for providing valuable insights.

What's included

12 videos8 readings12 assignments8 discussion prompts

12 videos•Total 48 minutes
  • Inconsistent Cyber Risk Communication•4 minutes•Preview module
  • Using the Language of FAIR to Partner with Others•6 minutes
  • CISO Risk Management Challenges•3 minutes
  • Building Trust with FAIR•3 minutes
  • Challenges with Board Reports•2 minutes
  • Board Cybersecurity Education•3 minutes
  • Bald Tire Metaphor•4 minutes
  • Risk Registers with Non-Risk Items•4 minutes
  • Top Cyber Risks with FAIR•4 minutes
  • Risk Analysis Placebo Effect•3 minutes
  • Flaws of Statistical Models•2 minutes
  • Qualitative vs. Quantitative Risk Management•3 minutes
8 readings•Total 105 minutes
  • The SEC To CISOs: Welcome To The Big Leagues•10 minutes
  • Director's Handbook on Cyber Risk Oversight •10 minutes
  • The SEC wants Board Cyber Expertise•10 minutes
  • 90% of Boards are Not Cyber Ready•10 minutes
  • CAP Group - Board Adoption Frameworks•30 minutes
  • The Failure of GRC•10 minutes
  • The One Question Every Risk Manager Should Ask•10 minutes
  • The First Steps of Quantitative Risk Management•15 minutes
12 assignments•Total 34 minutes
  • Quiz for Inconsistent Cyber Risk Communication•3 minutes
  • Assessment of Using the Language of FAIR to Partner with Others•2 minutes
  • Assessment of CISO Risk Management Challenges•2 minutes
  • Assessment of Challenges with Board Report•2 minutes
  • Assessment of Board Cybersecurity Education•2 minutes
  • Assessment of Bald Tire Metaphor•2 minutes
  • Assessment of Risk Registers with Non-Risk Items•2 minutes
  • Assessment of Top Cyber Risks with FAIR•2 minutes
  • Assessment of Risk Analysis Placebo Effect•2 minutes
  • Assessment of Flaws of Statistical Models•2 minutes
  • Assessment of Qualitative vs. Quantitative Risk Management•2 minutes
  • Graded Assessment - 2•11 minutes
8 discussion prompts•Total 60 minutes
  • Why the Inconsistency?•5 minutes
  • Eroding Trust with Poor Communication•5 minutes
  • Board-ready CISOs•10 minutes
  • Ideal Cyber-savvy Director•5 minutes
  • Board-level Cybersecurity Expertise•10 minutes
  • Primary Reasons for GRC Failures•5 minutes
  • Asking the Right Questions•10 minutes
  • Integrated Risk Management Approaches•10 minutes

This learning module offers a comprehensive introduction to the Factor Analysis of Information Risk (FAIR) framework, specifically designed for executives. The FAIR framework is a globally recognized standard for cyber risk management, and this module will equip you with the knowledge and tools to quantify and manage cyber risks using FAIR effectively.

What's included

7 videos9 readings8 assignments5 discussion prompts

7 videos•Total 37 minutes
  • FAIR, Factor Analysis of Information Risk•4 minutes•Preview module
  • The FAIR Model•5 minutes
  • FAIR's Key Concepts•6 minutes
  • Defining Risk•4 minutes
  • Shaping Risk Cultures with FAIR•5 minutes
  • Finding Data for Risk Analysis Using FAIR•5 minutes
  • FAIR, The International Standard for Risk Management•6 minutes
9 readings•Total 440 minutes
  • An Executive's Guide to Cyber Risk Economics•60 minutes
  • FAIR Overview Presentation (Optional)•60 minutes
  • FAIR on a Page•10 minutes
  • Converting Risk Register Items to FAIR Risk Scenarios•60 minutes
  • Scoping Enterprise Risk Assessments•30 minutes
  • Scoping Enterprise Risk Assessments Presentation Slides•30 minutes
  • How to Find Data for Every FAIR Factor•10 minutes
  • Annual Cyber Risk Report - FAIR Institute•60 minutes
  • Mathematics of Open FAIR (Optional)•120 minutes
8 assignments•Total 21 minutes
  • Assessment of the FAIR, Factor Analysis of Information Risk•2 minutes
  • Assessment of the FAIR Model•2 minutes
  • Assessment for FAIR's Key Concepts•2 minutes
  • Assessment of Defining Risk•2 minutes
  • Assessment of Shaping Risk Cultures with FAIR•2 minutes
  • Assessment of Finding Data for Risk Analysis Using FAIR•2 minutes
  • Assessment of FAIR, The International Standard foor Risk Management•2 minutes
  • Graded Assessment - 3•7 minutes
5 discussion prompts•Total 40 minutes
  • Key Benefits of Cyber Risk Economics•10 minutes
  • Enhancing Risk Communication with Stakeholders•5 minutes
  • Proper Scoping Leads to Accuracy•5 minutes
  • Data Collection•10 minutes
  • Improving Cybersecurity Strategies•10 minutes

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Instructors

FAIR Institute
FAIR Institute
FAIR Institute
4 Courses•829 learners

Instructors

FAIR Institute
FAIR Institute
FAIR Institute
4 Courses•829 learners
Bernadette Dunn
Bernadette Dunn
FAIR Institute
3 Courses•764 learners

Offered by

FAIR Institute

Offered by

FAIR Institute

The FAIR Institute is a research-driven non-profit organization dedicated to advancing the discipline of cyber and operational risk management through education, standards, and collaboration.

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