Measure third party risk in financial terms
NormShield® uses the Open FAIR modelTM to calculate the probable financial impact if a third-party vendor, partner or supplier experiences a breach, and communicates risks in quantitative, easy to understand business terms. Open FAIRTM has become the only international standard Value at Risk (VaR) model for cybersecurity and operational risk.
Measuring Cyber Risk in Dollars & Cents
For the first time, CISOs, CROs, and CFOs have an automated tool that measures the probable financial impact of cyberattacks against your company or your vendors, suppliers, and trading partners. NormShield® uses the Factor Analysis of Information Risk Model (Open FAIRTM), the only international standard Value at Risk (VaR) model for cybersecurity and operational risk, to measure the potential financial impact of a cyberattack to an organization.
Mature Third-Party Risk Management Programs with FAIR
Having the capacity to use a FAIR assessment at scale for third-party risk management will elevate your risk management program. This tool will help attain the goal of cost-effectively achieving and maintaining an acceptable level of loss exposure, while also clearly conveying the breadth of risk factors across the organization.