In the FAIR model, what is the term used for the event that may cause a loss?

In the FAIR model, the correct term for the event that may cause a loss is referred to as a "Loss Event." A Loss Event is specifically defined as an occurrence that can result in a negative impact, typically financial, on an organization. This term captures the essence of actual events that lead to realized losses, distinguishing it from other related concepts within the FAIR framework.

In contrast, a "Risk Event" is often used more generally in risk management to denote potential events that might be risks, but it does not specifically indicate that a loss will occur. A "Threat Event" refers to the potential actions or situations that can exploit vulnerabilities, leading to a Loss Event, while an "Asset Event" is related to the state or changes in assets themselves. Thus, while these terms are closely related within the broader context of risk management, the specific term for an event that may cause loss is indeed "Loss Event," highlighting the direct link to potential financial impact.