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What’s in a security score?

Discussion in 'CSO' started by RSS, Aug 4, 2016.

  1. RSS

    RSS New Member Member

    Fair Isaac Corp., the company that issues credit scores for individuals, was tired of other analytics companies developing security scoring tools for businesses and then proclaiming themselves “the FICO of security scores.”

    So in May, FICO upped its own scoring game. It acquired cybersecurity firm QuadMetrics to create its own brand of enterprise security scores for enterprises. The new scoring tool, available in August, uses predictive analytics and security risk assessment tools to issue scores and predict a company’s likelihood of a significant breach compared to other firms within the next 12 months.

    “Our own cyber breach insurance underwriters commented how great it would be if there was really a FICO score on this for the underwriting process,” says Doug Clare, vice president of cybersecurity solutions. The company had already invested in cybersecurity detection technology that assesses network traffic, and it saw the addition of QuadMetrics as “the right opportunity at the right time,” he adds.

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