<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>The New School of Information Security &#187; Science of Risk Management</title>
	<atom:link href="http://newschoolsecurity.com/tag/science-of-risk-management/feed/" rel="self" type="application/rss+xml" />
	<link>http://newschoolsecurity.com</link>
	<description>The Blog Inspired By The Book</description>
	<lastBuildDate>Mon, 06 Feb 2012 16:09:00 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
		<item>
		<title>Measurement Theory &amp; Risk Posts You Should Read</title>
		<link>http://newschoolsecurity.com/2010/08/measurement-theory-risk-posts-you-should-read/</link>
		<comments>http://newschoolsecurity.com/2010/08/measurement-theory-risk-posts-you-should-read/#comments</comments>
		<pubDate>Fri, 20 Aug 2010 11:41:42 +0000</pubDate>
		<dc:creator>alex</dc:creator>
				<category><![CDATA[measurement]]></category>
		<category><![CDATA[Science of Risk Management]]></category>
		<category><![CDATA[risk]]></category>

		<guid isPermaLink="false">http://newschoolsecurity.com/?p=1740</guid>
		<description><![CDATA[These came across the SIRA mailing list. They were so good, I had to share: https://eight2late.wordpress.com/2009/07/01/cox%E2%80%99s-risk-matrix-theorem-and-its-implications-for-project-risk-management/ http://eight2late.wordpress.com/2009/12/18/visualising-content-and-context-using-issue-maps-an-example-based-on-a-discussion-of-coxs-risk-matrix-theorem/ http://eight2late.wordpress.com/2009/10/06/on-the-limitations-of-scoring-methods-for-risk-analysis/ Thanks to Kevin Riggins for finding them and pointing them out.]]></description>
			<content:encoded><![CDATA[<p>These came across the <a href="http://groups.google.com/group/InfoRiskSociety">SIRA mailing list</a>.  They were so good, I had to share:</p>
<p><a href="https://eight2late.wordpress.com/2009/07/01/cox%E2%80%99s-risk-matrix-theorem-and-its-implications-for-project-risk-management/">https://eight2late.wordpress.com/2009/07/01/cox%E2%80%99s-risk-matrix-theorem-and-its-implications-for-project-risk-management/</a></p>
<p><a href="http://eight2late.wordpress.com/2009/12/18/visualising-content-and-context-using-issue-maps-an-example-based-on-a-discussion-of-coxs-risk-matrix-theorem/">http://eight2late.wordpress.com/2009/12/18/visualising-content-and-context-using-issue-maps-an-example-based-on-a-discussion-of-coxs-risk-matrix-theorem/</a></p>
<p><a href="http://eight2late.wordpress.com/2009/10/06/on-the-limitations-of-scoring-methods-for-risk-analysis/">http://eight2late.wordpress.com/2009/10/06/on-the-limitations-of-scoring-methods-for-risk-analysis/</a></p>
<p>Thanks to <a href="http://www.infosecramblings.com/">Kevin Riggins</a> for finding them and pointing them out.</p>
]]></content:encoded>
			<wfw:commentRss>http://newschoolsecurity.com/2010/08/measurement-theory-risk-posts-you-should-read/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>For Blog/Twitter Conversation:  Can You Defend &#8220;GRC&#8221;?</title>
		<link>http://newschoolsecurity.com/2009/12/for-blogtwitter-conversation-can-you-defend-grc/</link>
		<comments>http://newschoolsecurity.com/2009/12/for-blogtwitter-conversation-can-you-defend-grc/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 18:57:42 +0000</pubDate>
		<dc:creator>alex</dc:creator>
				<category><![CDATA[argument]]></category>
		<category><![CDATA[Doing it Differently]]></category>
		<category><![CDATA[Science of Risk Management]]></category>
		<category><![CDATA[GRC]]></category>
		<category><![CDATA[metrics]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[risk modeling]]></category>
		<category><![CDATA[risk science]]></category>
		<category><![CDATA[security management]]></category>
		<category><![CDATA[Security Models]]></category>

		<guid isPermaLink="false">http://newschoolsecurity.com/?p=1205</guid>
		<description><![CDATA[Longtime readers know that I&#8217;m not the biggest fan of GRC as it is &#8220;practiced&#8221; today.  I believe G &#38; C are subservient to risk management. So let me offer you this statement to chew on: &#8220;A metric for Governance is only useful inasmuch as it describes an ability to manage risk&#8221; True or False, [...]]]></description>
			<content:encoded><![CDATA[<p>Longtime readers know that I&#8217;m not the biggest fan of GRC as it is &#8220;practiced&#8221; today.  I believe G &amp; C are subservient to risk management. So let me offer you this statement to chew on:</p>
<blockquote><p><em><strong>&#8220;A metric for Governance is only useful inasmuch as it describes an ability to manage risk&#8221;</strong></em></p></blockquote>
<p>True or False, why, and what are the implications if true or false.</p>
<p>Please discuss.</p>
<p>#newschoolsecurity</p>
]]></content:encoded>
			<wfw:commentRss>http://newschoolsecurity.com/2009/12/for-blogtwitter-conversation-can-you-defend-grc/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>For Those Not In The US (or even if you are)</title>
		<link>http://newschoolsecurity.com/2009/11/for-those-not-in-the-us-or-even-if-you-are/</link>
		<comments>http://newschoolsecurity.com/2009/11/for-those-not-in-the-us-or-even-if-you-are/#comments</comments>
		<pubDate>Thu, 26 Nov 2009 18:10:08 +0000</pubDate>
		<dc:creator>alex</dc:creator>
				<category><![CDATA[Data Analysis]]></category>
		<category><![CDATA[metrics]]></category>
		<category><![CDATA[Science of Risk Management]]></category>
		<category><![CDATA[risk management]]></category>

		<guid isPermaLink="false">http://newschoolsecurity.com/?p=1069</guid>
		<description><![CDATA[I&#8217;d like to wish US readers a happy Thanksgiving. For those outside of the US, I thought this would be a nice little post for today: A pointer to an article in the Financial Times, &#8220;Baseball’s love of statistics is taking over football&#8220; Those who indulge my passion for analysis and for sport know that [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;d like to wish US readers a happy Thanksgiving.   For those outside of the US, I thought this would be a nice little post for today:  A pointer to an article in the Financial Times,</p>
<p style="text-align: center;"><strong>&#8220;<a href="http://www.ft.com/cms/s/2/2b1ee75c-d855-11de-b63a-00144feabdc0.html">Baseball’s love of statistics is taking over football</a>&#8220;</strong></p>
<p>Those who indulge my passion for analysis and for sport know that I love baseball and love how the &#8220;<a href="http://en.wikipedia.org/wiki/Moneyball">Moneyball</a>&#8221; approach challenged decades of dogma in the national pastime with scientific analysis.  Today&#8217;s financial times discusses how Chelsea (&#8220;The Blues&#8221; &#8211; UK football team) collaborates with the Boston Red Sox (the most superficial bandwagon team ever in baseball) on decision making and analytics.</p>
<p><img style="margin: 5px;" title="52008109" src="http://newschoolsecurity.com/wp-content/uploads/2009/11/010268369192000-300x159.jpg" alt="Go Blues" width="300" height="159" /></p>
<p>Best lines:</p>
<blockquote><p>&#8220;Mike Forde, Chelsea’s performance director, visits the US often. “The first time I went to the Red Sox,” he says of the Boston baseball team, “I sat there for eight hours, in a room with no windows, only flipcharts. I walked out of there saying, ‘Wow, that is one of the most insightful conversations on sport I have ever had.’ It was not: ‘What are you doing here? You do not know anything about our sport.’ That was totally irrelevant. It was: ‘How do you make decisions on players? What information do you use? How do we approach the same problems?’&#8221;</p></blockquote>
<p>and:</p>
<blockquote><p>&#8220;Forde sees his task as “risk management”.</p></blockquote>
<p>Huh.</p>
]]></content:encoded>
			<wfw:commentRss>http://newschoolsecurity.com/2009/11/for-those-not-in-the-us-or-even-if-you-are/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rich Mogull&#8217;s Divine Assumptions</title>
		<link>http://newschoolsecurity.com/2009/11/rich-moguls-divine-assumptions/</link>
		<comments>http://newschoolsecurity.com/2009/11/rich-moguls-divine-assumptions/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 14:32:57 +0000</pubDate>
		<dc:creator>alex</dc:creator>
				<category><![CDATA[Science of Risk Management]]></category>
		<category><![CDATA[Rich Mogull]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[risk science]]></category>

		<guid isPermaLink="false">http://newschoolsecurity.com/?p=954</guid>
		<description><![CDATA[Our friend Rich Mogull has an interesting post up on his blog called &#8220;Always Assume&#8220;.  In it, he offers that &#8220;assumption&#8221; is part of a normal scenario building process, something that is fairly inescapable when making business decisions.  And he offers a simple, pragmatic process for assumptions which is mainly scenario development, justification, and action.    [...]]]></description>
			<content:encoded><![CDATA[<p>Our friend Rich Mogull has an interesting post up on his blog called &#8220;<strong><a href="http://securosis.com/blog/always-assume">Always Assume</a></strong>&#8220;.  In it, he offers that &#8220;assumption&#8221; is part of a normal scenario building process, something that is fairly inescapable when making business decisions.  And he offers a simple, pragmatic process for assumptions which is mainly scenario development, justification, and action.    Rich&#8217;s process looks like this:</p>
<ol>
<li><em>Assumption</em></li>
<li><em>Reasoning:</em> The basis for the assumption.</li>
<li><em>Indicators:</em> Specific cues that indicate whether the assumption is accurate or if there&#8217;s a problem in that area.</li>
<li><em>Controls:</em> The security/recovery/safety controls to mitigate the issue.</li>
</ol>
<p>Nothing earth shattering here.  And like much of Rich&#8217;s work, there is an elegance, almost a minimalism to what he offers.<br />
<strong></strong></p>
<p><strong>JUST BECAUSE I CAN&#8217;T LEAVE WELL ENOUGH ALONE&#8230;.</strong></p>
<p>What immediately struck me was how similar Rich&#8217;s assumption was to a little something I like to call &#8220;scientific method&#8221;.  In scientific method, we essentially have (the following shamelessly pasted from Wikipedia):</p>
<ul>
<li><a href="http://en.wikipedia.org/wiki/Scientific_method#Characterizations">Characterizations</a> (observations,<sup id="cite_ref-23"><a href="http://en.wikipedia.org/wiki/Scientific_method#cite_note-23"><span>[</span>24<span>]</span></a></sup> definitions, and measurements of the subject of inquiry)</li>
<li><a href="http://en.wikipedia.org/wiki/Scientific_method#Hypothesis_development">Hypotheses</a><sup id="cite_ref-24"><a href="http://en.wikipedia.org/wiki/Scientific_method#cite_note-24"><span>[</span>25<span>]</span></a></sup><sup id="cite_ref-25"><a href="http://en.wikipedia.org/wiki/Scientific_method#cite_note-25"><span>[</span>26<span>]</span></a></sup> (theoretical, hypothetical <a title="Explanation" href="http://en.wikipedia.org/wiki/Explanation">explanations</a> of observations and measurements of the subject)<sup id="cite_ref-26"><a href="http://en.wikipedia.org/wiki/Scientific_method#cite_note-26"><span>[</span>27<span>]</span></a></sup></li>
<li><a href="http://en.wikipedia.org/wiki/Scientific_method#Predictions_from_the_hypothesis">Predictions</a> (<a title="Reasoning" href="http://en.wikipedia.org/wiki/Reasoning">reasoning</a> including <a title="Logic" href="http://en.wikipedia.org/wiki/Logic">logical</a> <a title="Deduction" href="http://en.wikipedia.org/wiki/Deduction">deduction</a>,<sup id="cite_ref-27"><a href="http://en.wikipedia.org/wiki/Scientific_method#cite_note-27"><span>[</span>28<span>]</span></a></sup> from the <a title="Hypothesis" href="http://en.wikipedia.org/wiki/Hypothesis">hypothesis</a> or <a title="Theory" href="http://en.wikipedia.org/wiki/Theory">theory</a>) or the identification of distinct and (ideally) mutually exclusive possible discernible outcomes</li>
<li><a href="http://en.wikipedia.org/wiki/Scientific_method#Experiments">Experiments</a><sup id="cite_ref-28"><a href="http://en.wikipedia.org/wiki/Scientific_method#cite_note-28"><span>[</span>29<span>]</span></a></sup> (<a title="Experiment" href="http://en.wikipedia.org/wiki/Experiment">tests</a> of all of the above)</li>
</ul>
<p>So if we were to add to Rich&#8217;s assumption process above, we&#8217;d simply add the &#8220;experiments&#8221; bits up there.  If we&#8217;re building controls in like Rich&#8217;s examples in his blog post, we might try a &#8220;test&#8221; that &#8220;penetrates&#8221; those controls (or, as I believe Richard Bejtlich smartly tries to get us to say, perform &#8220;Adversary Simulation&#8221;).</p>
<p>Also, though it will probably sour his stomach a bit, we&#8217;d also probably want to make Rich&#8217;s assumption steps a <a href="http://www.securitymetrics.org/content/Wiki.jsp?page=Welcome_blogentry_061005_1">hamster-wheel-of-pain</a>(TM) by suggesting that since every so often, the threat landscape will change which will challenge our assumptions/conclusions/hypothesis and so re-testing is necessary.</p>
<p><strong>IF I HAD ANY INDICATION&#8230;</strong></p>
<p>Rich does have a certain &#8220;informality&#8221; around his <span style="text-decoration: line-through;">evidence</span> &#8220;indication&#8221; step that I&#8217;d like to build upon.  Let me offer that when discussing probability of failure in a complex IT system, there are only four basic categories of information indicators we need to consider in Information Assurance/Security/Risk Management/Protection/Whatever.  There might be evidences around:</p>
<ul>
<li>Assets (the things we want to protect and their state)</li>
<li>Threats (the things that want to harm our assets and their state)</li>
<li>Controls (the things that resist the threats and their state)</li>
<li>Impacts (the things that will happen if we are unable to resist the threat)</li>
</ul>
<p>And if you&#8217;re going to look for clues to suggest whether there might be a problem, look no further than these basic categories for evidence.  If you&#8217;d like, you can build structure around what &#8220;state&#8221; means for each category and further develop taxonomies and metrics and whatnot.  That&#8217;s the fun bits and I&#8217;ll let you be creative rather than write too much this morning.</p>
<p>Note that where these categories applied to Assumption may break down is in discussing management capabilities (are we operating well enough and so forth).  Rich&#8217;s assumptive process (must.resist.urge.to.make.acronym &#8211; RAP) can certainly be used here, I&#8217;m just not sure if there wouldn&#8217;t be a better taxonomy of indicators.</p>
]]></content:encoded>
			<wfw:commentRss>http://newschoolsecurity.com/2009/11/rich-moguls-divine-assumptions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortman/Hutton Security-BSides &amp; Black Hat Presentation Available</title>
		<link>http://newschoolsecurity.com/2009/08/mortmanhutton-security-bsides-black-hat-presentation-available/</link>
		<comments>http://newschoolsecurity.com/2009/08/mortmanhutton-security-bsides-black-hat-presentation-available/#comments</comments>
		<pubDate>Mon, 17 Aug 2009 13:41:32 +0000</pubDate>
		<dc:creator>alex</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Mortman/Hutton]]></category>
		<category><![CDATA[Science of Risk Management]]></category>
		<category><![CDATA[Security Models]]></category>

		<guid isPermaLink="false">http://newschoolsecurity.com/?p=406</guid>
		<description><![CDATA[Hey y&#8217;all, happy Monday morning.   I&#8217;ve put Dave &#38; my presentation for Security BSides up on slideshare: http://www.slideshare.net/alexhutton/mortmanhutton-security-bsides-presentation Mortman/Hutton Security B-Sides Presentation View more presentations from alexhutton. Also note that this includes the Black Hat presentation we gave on the Mortman/Hutton Vulnerability/Exploit model.  I hope you will enjoy! PS &#8211; There&#8217;s probably audio available for [...]]]></description>
			<content:encoded><![CDATA[<p>Hey y&#8217;all, happy Monday morning.   I&#8217;ve put Dave &amp; my presentation for Security BSides up on slideshare:</p>
<p><strong><a href="http://www.slideshare.net/alexhutton/mortmanhutton-security-bsides-presentation">http://www.slideshare.net/alexhutton/mortmanhutton-security-bsides-presentation</a></strong></p>
<div id="__ss_1871822" style="width: 425px; text-align: left;"><a style="font:14px Helvetica,Arial,Sans-serif;display:block;margin:12px 0 3px 0;text-decoration:underline;" title="Mortman/Hutton Security B-Sides Presentation" href="http://www.slideshare.net/alexhutton/mortmanhutton-security-bsides-presentation">Mortman/Hutton Security B-Sides Presentation</a><object width="425" height="355" data="http://static.slidesharecdn.com/swf/ssplayer2.swf?doc=b-side-090817082415-phpapp01&amp;rel=0&amp;stripped_title=mortmanhutton-security-bsides-presentation" type="application/x-shockwave-flash"><param name="allowFullScreen" value="true" /><param name="allowScriptAccess" value="always" /><param name="src" value="http://static.slidesharecdn.com/swf/ssplayer2.swf?doc=b-side-090817082415-phpapp01&amp;rel=0&amp;stripped_title=mortmanhutton-security-bsides-presentation" /><param name="allowfullscreen" value="true" /></object></p>
<div style="font-size: 11px; font-family: tahoma,arial; height: 26px; padding-top: 2px;">View more <a style="text-decoration:underline;" href="http://www.slideshare.net/">presentations</a> from <a style="text-decoration:underline;" href="http://www.slideshare.net/alexhutton">alexhutton</a>.</div>
</div>
<p>Also note that this includes the Black Hat presentation we gave on the Mortman/Hutton Vulnerability/Exploit model.  I hope you will enjoy!</p>
<p>PS &#8211; There&#8217;s probably audio available for the preso on the BSides site somewhere if you&#8217;re really interested.</p>
]]></content:encoded>
			<wfw:commentRss>http://newschoolsecurity.com/2009/08/mortmanhutton-security-bsides-black-hat-presentation-available/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
	</channel>
</rss>

