Put a dollar figure on a risk

Quantify a risk as Annualized Loss Expectancy (ALE) using a simplified Open FAIR model — so you can express risk in dollars for the board and compare controls by risk-reduced-per-dollar.

Simplified Open FAIR model (The Open Group / FAIR Institute). This is an estimation model for decision support — the ±50% range reflects the uncertainty inherent in any risk estimate. It is not a prediction; use ranges and your own calibrated inputs, and treat the output as an input to judgement, not a result.