Certified Information Privacy Technologist (CIPT) — Question 235

An organization would like to quantify potential losses from its privacy and security risks. This would best be achieved by utilizing?

Answer options

• A. Calo’s Harms Dimensions.
• B. Factor Analysis in Information Risk (FAIR).
• C. Fair Information Practice Principles (FIPPs).
• D. Organization for Economic Cooperation and Development (OECD) Principles.

Correct answer: B

Explanation

The correct answer, Factor Analysis in Information Risk (FAIR), is specifically designed to quantify risk in financial terms, making it ideal for evaluating potential losses. The other options, while relevant to privacy and security, do not focus on quantifying risks in a financial context like FAIR does.