What type of risk does Open FAIR primarily focus on?

Open FAIR primarily concentrates on information risk, which specifically relates to the potential for loss or damage concerning an organization's information assets. This approach goes beyond just identifying threats and vulnerabilities; it also emphasizes the financial implications of those risks and how they could impact an organization’s overall objectives.

In evaluating information risk, Open FAIR assesses the likelihood of adverse events and their potential impact, helping organizations to understand the balance between risk and reward in their decision-making processes. This leads to more informed strategic choices and helps organizations frame their security posture in a way that aligns with broader business goals.

Understanding information risk is vital, especially in today's data-driven environments where the management and protection of information assets are paramount. Other types of risk such as financial, compliance, or operational risks, while important in their own right, do not capture the specific focus on information that is central to the Open FAIR methodology. By concentrating on information risk, Open FAIR supports organizations in navigating the complexities of securing sensitive data while managing the associated financial implications effectively.