Please join us for the first San Francisco Bay Area FAIR Institute Meeting for 2018! The Bay Area Local Chapter of The FAIR Institute provides the opportunity to meet with your peers across a variety of industries in your geographical area to learn from each other’s expertise and operational practices and to exchange views on possible applications of FAIR. Together, you will advance your knowledge of FAIR and expand its range of applications.

Agenda:

When: Tuesday, February 13, 2018 – 5pm-7pm

Where: Lending Club | 595 Market St. | San Francisco, CA 94105

Visitor Instructions: Proceed to the lobby at 595 Market and check-in. The front desk will show you the way to the chapter meeting.

Food and beverages will be provided.

**Please RSVP so we have enough food for everyone**

Talk #1

Prove It! Quantitatively Confronting Security With Data | Richard Seiersen, SVP/CISO of Lending Club

Abstract:

What would you see occurring that would let you know that your security capabilities are improving while the business scales? Scale meaning more staff, more systems, more software, more cloud platforms/apis, more third parties and more regions/markets all growing with more speed. This talk will focus on methods of measurement, with code, that will help you answer these questions.

Bio:

Richard is a security executive with ~20 years experience ranging from start-ups to global organizations. He currently is the SVP/CISO of Lending Club. Previously he was the CISO and VP of Trust for Twilio as well as the VP & GM Cybersecurity & Privacy for GE Healthcare. His current focus is developing quantitatively informed strategies, building agile teams that scale and making digital risk measurable. Likewise, he recently co-authored a decision analysis book called How To Measure Anything In Cybersecurity Risk (Wiley 2016) and is in the process of writing his next book, "Prove It! Confronting Security With Data."

Talk #2

The Flaw of Averages in Risk Management | Dr. Sam L. Savage

Abstract:

A common definition of risk is the likelihood of a failure times the consequence of the failure, or LoF*CoF, a single average number. This leads to family of systematic errors that I refer to as the Flaw of Averages. The FAIR approach does not fall into this trap because it keeps the uncertainty alive through simulation, but in many settings people are still using averages, with predictably poor results.

Even with simulation, however, it has been very difficult to aggregate the results of multiple simulations to estimate enterprise wide risk. The open SIPmath(TM) Standard from ProbabilityManagement.org has solved this problem by communicating uncertainties as arrays of outcomes called SIPs. Dr. Savage will demonstrate a SIPmath based Open Fair(TM) Risk Analysis Tool, that he developed with and Mike Jerbic and Danny O'Niel of San Jose State.

Bio:

Sam L. Savage is Executive Director of ProbabilityManagement.org, a nonprofit devoted to the communication and calculation of uncertainty. He is the inventor of the SIP (Stochastic Information Packet), a data structure that lets simulations communicate with each other, and initiated the open SIPmath standard. He is joined on the board by Harry Markowitz, Nobel Laureate in Economics, and the 501(c)(3) organization has received funding from Chevron, General Electric, Lockheed Martin, PG&E, and Wells Fargo Bank. Sam is also author of The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty, and is an Adjunct Professor at Stanford University.