Fundamental Inferential Risk Method (FIRM) by Upstream Solutions

4.48 - What's this?

TheFundamental Inferential Risk Method (FIRM)is a quantitative approach to evaluating technology risk and the impact of information security programs.

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FIRM uses statistical analysis - gleaned from 15 years of information technology data - to determine the probability of risk to information assets.

The outcome is a risk index which serves as a bar for an organization to move on a scale of 0 (no risk) to 100 (maximum risk). Upstream Solutions then devises scenarios that will illustrate how risk levels can be reduced. As you can see, this approach is quite unlike "best practices", currently being followed by big 4 consultancies.


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