Protiviti Joins FAIR Institute as Founding Sponsor in Advisory Services to Advance the Use of Risk Quantification

First consulting firm to become a strategic sponsor, Protiviti joins community of companies supporting the FAIR model for information risk management

RESTON, Virginia – August 12, 2019 – Global consulting firm Protiviti has joined the FAIR Institute community as a Founding Sponsor in Advisory Services. The strategic sponsorship includes collaboration on thought leadership materials and sponsorship of FAIR’s annual Risk Management Maturity Benchmarking Study, its FAIR conference and various chapter events throughout the next year.

“Cybersecurity incidents continue to take a significant toll on all types of organisations. By using the FAIR model to measure and manage information risk, we help CISOs speak the language of their boards and quantify the resources needed to strengthen their organisation’s cybersecurity defenses,” said Andrew Retrum, a Protiviti managing director. “As an Advisory Sponsor with the FAIR Institute, we’re able to evangelise the use of the FAIR model to increase adoption and practical application as a leading security and IT risk management practice.”

The FAIR Institute is a non-profit organisation dedicated to advancing the discipline of measuring and managing information risk. Its Factor Analysis of Information Risk (FAIR) has emerged as the international standard model for understanding, analysing and quantifying information risk in financial terms. The Institute and its 5,600-member community focus on innovation, education and sharing best practices to advance the FAIR model and the information risk management profession.

“We’re excited to have a consulting firm with Protiviti’s caliber of expertise as our first Advisory Sponsor. We look forward to collaborating with the Protiviti team to advance the adoption of the FAIR model and help our members build quantitative risk management programmes,” said Jack Jones, chairman of the FAIR Institute.

Protiviti’s Cyber Risk Quantification service, powered by the RiskLens Platform, delivers a continual, data-driven assessment of an organisation’s current state of cyber risk. Using the FAIR model, a Protiviti analyst can demonstrate the risk reduction of a control in financial terms and evaluate potential investments in cybersecurity technology to address evolving threats.

Membership in the FAIR Institute is free. For more information, please visit here.

About the FAIR Institute

The FAIR Institute is an expert, non-profit organisation led by information risk officers, CISOs and business executives, created to develop and share standard information risk management practices based on FAIR. Factor Analysis of Information Risk (FAIR) is the only international standard analytics model for information security and operational risk. FAIR helps organisations quantify and manage risk from the business perspective and enables cost-effective decision-making. To learn more and get involved visit: www.fairinstitute.org.