Riska analysis

There is a an interesting debate going on about the usefulness of risk analysis. Richard Bejtlich is a strong opponent to using risk analysis for making decisions in computer security. You can read a blog entry about FAIR which is a risk analysis framework that I happen to have know a little bit about: TaoSecurity: Thoughts on FAIR.

I think Richard's arguments against risk analysis are quite convincing but I also think that a detailed analysis as prescribed by FAIR is better than a shallow one. I will come back to the reason later.