GRC Engineering
Monte Carlo Simulation
A computational technique running thousands of iterations with randomized inputs to produce a probability distribution of outcomes. In FAIR-based cyber risk quantification, Monte Carlo simulation converts variable estimates into defensible ranges of annualized expected losses.
From the library
The full analysis on Monte Carlo Simulation.
The article is where the term meets the practitioner. Read how this concept actually shows up in audit, in remediation, and in the boardroom.
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