An interesting little exposition of the current state of the practice in information risk management using the metaphor of the bald tire on the FAIR wiki. The authors observe that there’s much more shamanistic ritual (dressed up as ‘best practice’) than we’d like to think in risk assessment. A statement that I endorse, actually I think it’s mummery for the most part, but ehem, don’t tell the kids.
Their two fold point. First that while experience and intuition are vital, on their own they give little grip to critical examination. Second that if you want to manage you must measure, and to measure you need to define.
A disclaimer, I’m neither familiar with or a proponent of the FAIR tool, and I strongly doubt as to whether we can ever put risk management onto a truly scientific footing, much like engineering there’s more art than artifice, but it’s an interesting commentary nonetheless.
I give it 011 out 101 tooled up script kiddies.