Cyber Value at Risk (CVaR) is a powerful methodology adapted from financial Value at Risk (VaR) models, designed to estimate the maximum potential loss from cyber incidents within a given confidence interval. CVaR focuses on worst-case scenarios, helping organisations understand the potential financial consequences of cyber threats and guiding strategic decision-making.
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The Factor Analysis of Information Risk (FAIR) framework has emerged as a cornerstone in cyber risk quantification, enabling organisations to measure and communicate risk in financial terms. FAIR’s evolution represents a shift from traditional qualitative assessments to a structured, quantitative model that aligns cybersecurity strategies with business objectives. By breaking down risk into probability and impact components, FAIR provides decision-makers with actionable insights to prioritise investments and mitigate threats effectively.
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