Defining a Cyber-Risk Appetite That Works

Jack Jones, Chairman, FAIR Institute

Many organizations have defined a risk appetite; however very few of these definitions are actually useful. For the most part they boil down to nothing more specific than “medium-low” and they rarely play a meaningful role in decision-making. In this session, Jack Jones will share a simple process for defining an unambiguous cyber-risk appetite that can drive better decision-making.Learning Objectives:1: Recognize the limitations of common risk appetite definitions.2: Understand the various value propositions that come from a clearly defined risk appetite.3: Learn how to apply the principles and methods shared to define a risk appetite that works.Pre-Requisites:Attendees should understand the principles and intent of risk appetite definitions, KRIs, KPIs and risk measurement.

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