CXOWARE is a quantitative risk solution company leading an evolutionary advancement in quantitative information security and operational risk management for corporate environments. For the first time, Chief Information Security Officers (CISO’s) and Risk Officers have a decision-analysis solution that dramatically improves their ability to measure the monetary loss associated with information security & operational risk. Armed with this new information, decision makers can now efficiently tailor risk mitigation budgets to the highest loss exposure areas, thus saving money and reducing liabilities to the business.
The CXOWARE decision analysis solution is based on a proprietary methodology for quantifying risk called FAIR (Factor Analysis of Information Risk). The FAIR methodology is patent-pending and wholly-owned by CXOWARE, which also manages the traditional publishing and training activities for FAIR users.
CXOWARE has also architected FAIR it into an analytical software application called FAIRiq and combined it with the power of Risk Knowledge databases.
Value Gained from FAIR and FAIRiq software:
- Drives Better Informed Decision Making
- Improves the ability to Prioritize Risk Mitigation Budgets
- Better Manages or Reduces Financial Loss Exposure
Factor Analysis of Information Risk has been established as an industry standard within the Information Security and Operational Risk disciplines. FAIR and FAIRiq are being utilized by many of the Global Top 10-2000 companies today. The Testimonials Page and Resources page include references.
How It All Got Started
Ten years ago, the CISO of a Fortune 100 insurance and financial services company set out to find the answers to the questions facing our industry. The result of his effort was Factor Analysis of Information Risk, better known as FAIR. FAIR is a model for risk and risk management that provides an unparalleled ability to develop quantitative answers to questions like:
How much risk do we have? If I spend this money, how much less risk will we have? Which of our issues is most critical? Which of these mitigation approaches is going to be more cost-effective?
CXOWARE was started to help organizations take advantage of this new approach. Our methods can show you what to measure, how to measure, and how to derive meaning from those measurements.