What does FAIR rely on to build the risk management framework that is unlike many other risk management frameworks?
A) qualitative assessment of many risk components
B) quantitative valuation of safeguards
C) subjective prioritization of controls
D) risk analysis estimates

Question

Quizplus · Accepted Answer

FAIR relies on a qualitative assessment of many risk components, which involves analyzing the fundamental elements of risk such as threat event frequency, threat capability, control effectiveness, and impact magnitude. This approach is unlike many other risk management frameworks that rely on quantitative valuation of safeguards, subjective prioritization of controls, or risk analysis estimates.

What Does FAIR Rely on to Build the Risk Management