FICO has acquired QuadMetrics to complement its FICO Falcon Cybersecurity Analytics threat detection solution.
FICO also says it is developing a FICO Enterprise Security Score, which will rank an organization’s level of cybersecurity risk.
QuadMetrics is a cyber risk security scoring company from Ann Arbor, Michigan. QuadMetrics leverages predictive analytics to monitor signals from open source and proprietary data sources to provide an overall security score for an enterprise, helping security professionals address gaps and enabling partners and insurers to understand a firm’s security risk.
The FICO Enterprise Security Score, a complement to FICO Falcon Cybersecurity Analytics for threat detection, will be an easy-to-understand metric that will facilitate board-level risk assessment, third-party vendor management, and cyber breach insurance underwriting.
Along with a score, the product will provide current threat profile characteristics and granular insights into potential security issues.
FICO Falcon Cybersecurity Analytics are based on the patented behavioral analytics that have made the FICO Falcon Fraud Platform the world leader in payment card protection.
With this acquisition and the infusion of FICO’s analytic scoring methods, FICO will provide both cybersecurity defenses and an enterprise-level “cyber score” that gives an empirical, impartial measure of a company’s security.
The new product will leverage both quantitative and qualitative insights to assess and understand the risk of an organization’s network assets. It will also help organizations manage similar risks associated with key vendors, business partners and other third parties, and enable breach insurance brokers and underwriters to better and more consistently assess enterprise risk for underwriting and portfolio management.
QuadMetrics leverages technology developed at the University of Michigan via funding from the Department of Homeland Security Science and Technology Directorate and the National Science Foundation.
In April of this year, Gartner designated QuadMetrics a Cool Vendor in Risk Management for 2016. In acquiring QuadMetrics, FICO becomes the exclusive licensee of QuadMetrics’ intellectual property and pending patents, and gains access to a rich historical pool of development data for additional analytics research.
FICO will enhance the solution with its deep catalog of proprietary analytics methods and its experience in developing, marketing and distributing broad-based scores for managing different classes of risks across industries. A FICO-branded and enhanced version of the QuadMetrics offering will be launched later this summer.
In related news, FICO announced in April that it had partnered with iboss Cybersecurity to embed its groundbreaking AI-based Cyber Analytics as part of the iboss node-based, direct-to-cloud, containerized platform, a leading solution for cybersecurity and malware protection.
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