CRISC IT Risk Assessment Practice Question
An organization is performing a quantitative risk analysis using the FAIR framework. Which THREE of the following are direct components of the FAIR model?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Loss Event Frequency
FAIR components include Loss Event Frequency (LEF), Threat Event Frequency (TEF), Vulnerability, and Loss Magnitude. Annualized Loss Expectancy (ALE) is a derived metric, not a direct component. Single Loss Expectancy is a component of ALE but not a separate FAIR component.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Single Loss Expectancy
Why it's wrong here
SLE is part of Loss Magnitude but not a separate component.
- ✓
Loss Event Frequency
Why this is correct
LEF is a primary component in FAIR.
- ✓
Threat Event Frequency
Why this is correct
TEF is a sub-component of LEF.
- ✗
Annualized Loss Expectancy
Why it's wrong here
ALE is a derived metric, not a direct component.
- ✓
Vulnerability
Why this is correct
Vulnerability is a sub-component of LEF.
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Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
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