Reporting on cyber risk has become a top priority for the Board of Directors of most large enterprises. Calculating a meaningful risk score and building an effective risk mitigation strategy can be challenging. Can science improve the way we view and quantify cyber risk? Absolutely. The FAIR methodology and absolute device visibility can help Risk professionals to quantify risk created by unmanaged or unknown devices in your enterprise. This whitepaper synthesizes the strategy down to 6 key steps towards effective Risk Management with the FAIR methodology.