ED-IN-04 – Turning Controls into Measurable Risk Reduction with FAIR-CAM

Duration: 4 hours
Training format: Synchronous (on-site or remote)
CPE credits: 4

Pricing

• €1,200 excl. VAT per person (public session) – ED-IN-04.1

• €6,500 excl. VAT per group of up to 8 participants (private session) – ED-IN-04.2

Capacity: Minimum 4 – Maximum 10 participants

This advanced training enables practitioners to understand how cybersecurity controls influence risk and to model their effectiveness using the FAIR-CAM™ (Controls Analytics Model).

Using practical case studies, participants analyze typical attack chains, identify relevant control functions, and learn how to estimate the operational effectiveness of security controls based on measurable dimensions (intent, coverage, reliability, variance).

The session then demonstrates how to aggregate these elements to quantify the impact of security controls on loss probability and how to integrate FAIR-CAM™ results into comprehensive FAIR™ analyses. This course is an ideal follow-up to FAIR practitioner training.

The objective is to move from a purely qualitative view of security controls (present/absent, more or less mature) to a structured, defensible approach directly connected to measurable risk reduction.

By the end of the course, participants will be able to:

• Understand how security controls influence loss event frequency and loss magnitude

• Identify control functions within an attack chain

• Evaluate the operational effectiveness of security controls using measurable and repeatable criteria

• Model the aggregated effect of a set of security controls on loss probability using FAIR-CAM™

• Integrate FAIR-CAM™ results into FAIR™ analyses to quantify the risk reduction associated with security investments

Who Should Attend

CISOs / Heads of Information Security, risk or cybersecurity analysts, GRC consultants, technical auditors, and FAIR practitioners seeking to deepen their analysis of security controls.

Prerequisites

Completion of a FAIR practitioner course (e.g., CRQ-02, ELC-02) or practical knowledge of the FAIR™ model is required.

Refresher on FAIR™ and the Concept of Security Controls

• Quick review of the FAIR taxonomy and the relationships between threats, vulnerability / susceptibility, and loss

• Positioning FAIR-CAM™ within the FAIR risk management stack

Fundamental Concepts of FAIR-CAM™

• Security controls, control functions, and attack chains

• Dimensions of control effectiveness: intent, coverage, reliability, variance

• Differentiated roles of security controls

Modeling an Attack Chain and Its Controls

• Mapping the main stages of a cyber kill chain

• Associating existing security controls with relevant control functions

• Identifying redundancies, gaps, and potential failure points

Quantifying Operational Effectiveness and Integrating into FAIR™

• Assigning effectiveness levels to security controls based on concrete criteria and available data

• Calculating the aggregated impact of controls on loss probability using FAIR-CAM™

• Injecting measured effectiveness into an existing FAIR™ analysis to quantify risk reduction

A C-Risk trainer specialized in FAIR-CAM™ and security control modeling.

• Interactive Q&A throughout the session

• Direct feedback from the instructor during exercises and discussions

• Detailed course materials covering key FAIR-CAM™ concepts

• Sample report illustrating the linkage between FAIR-CAM™ results and a FAIR™ analysis