The rapid rise of generative AI has created new opportunities for the enterprise while also introducing new risk issues that must be measured, prioritized and addressed. New tech, advanced models enabling innovative business applications result in unique risk scenarios and mitigation options that may challenge the cyber focused risk analyst. What approach should be used? How can the FAIR risk analyst decompose the problem and deliver credible, defensible guidance?
This session will examine how to apply the FAIR-AIR Approach Playbook created by the FAIR Institute to quantify AI risk in financial terms allowing stakeholders to make rational business decisions (cost-benefit) on risk treatment options.
Key Takeaways:
Help you identify your AI loss exposure and enable risk-based decisions
Insure proper data and alignment for scenarios and use cases
Know how to meet the business needs and enable AI deployment
Meet your speaker:
Mike Radigan, Cyber Risk Advisor @ Cisco
Mike Radigan is a recognized a subject matter expert in the Open FAIR Body of Knowledge, the industry standard for quantifying cyber risk in financial terms published by The Open Group. Mike has successfully applied cyber risk quantification as a consultant and FAIR Practice Leader within a Fortune 100 organization.
Mike is currently a Cyber Risk Advisor with Cisco where he advises customers on the merits of risk-based methods for prioritizing mitigation resources. Prior to Cisco, Mike led the FAIR Risk Quantification Practice at Caterpillar Inc. operationalizing CRQ within the GRC program. Mike has held advisory and business development roles in Cyber Risk Management at Capgemini, Leidos Cyber and ABB Power Generation where he provided customers guidance on managing the cyber and compliance risk posed to their IT and OT operations.
Mike holds a Bachelor of Science in Electrical Engineering from The Ohio State University, is the founding Co-Chair of the Greater Ohio Chapter of the FAIR Institute and was recently presented with the North American FAIR Ambassador Award at the FAIR Conference 2024.
Meet your speaker:
Greg Spicer, Co-Founder & CRO @ Ostrich Cyber-Risk
Greg Spicer has several years of experience in cybersecurity, working with organizations to provide solutions to their cybersecurity challenges. He has worked in many sectors, including Legal, Finance, Insurance, Manufacturing, and Healthcare. He was most recently CRO of Braintrace, a Salt Lake City MDR provider, before their successful sale to Sophos in July 2021.
Greg is now the CRO and Co-Founder of Ostrich Cyber-Risk, a leading Cybersecurity Risk Management organization that empowers risk and security teams to proactively assess cyber risk exposure in financial terms. Our Birdseye™ Cyber Risk Management application, grounded in industry benchmarks like NIST CSF, ISO, MITRE, and CRI, combines qualitative risk analysis and quantitative scenario simulation through the Open FAIR™ ontology. This unique approach enables organizations to swiftly prioritize and quantify financial and operational risks in real-time to make informed business decisions on cybersecurity.