A risk that might cost your company between €500,000 and €1 million is understandable by everyone — not just the cyber team.
Compared with “this risk is high”, a financial figure removes subjectivity and puts everyone in the room on exactly the same page. Cyber risks can then be prioritised properly, your risk appetite and maximum tolerable period of disruption can be defined with evidence, and the return on investment of each mitigation measure can be calculated rather than assumed.
The FAIR methodology provides a structured, proven and internationally recognised way to quantify cyber risk using Monte Carlo simulations.
Most engagements quantify risk across IT environments — ransomware, data breach, cloud outage or third-party failure. I have also adapted the FAIR methodology for OT and airport environments, where a cyber event can disrupt physical operations, safety-related systems and passenger journeys as well as information systems.
What the engagement covers
- Scoping workshops to identify and frame the risk scenarios that matter to your business
- Risk scenarios across IT, OT and airport environments, expressed in both operational and financial terms
- Data gathering interviews with technical and business stakeholders, calibrated estimation where data is scarce
- FAIR-based quantitative modelling with Monte Carlo simulation of loss exposure
- Cost/benefit analysis of candidate mitigation measures and control investments
- Board-ready reporting: loss exceedance curves, prioritised scenarios and clear recommendations
Delivered for high-profile clients in luxury, watchmaking and asset management, with measurable improvements in decision-making and control investment.