Cyber exposure is one of the most rapidly growing risks in today’s digital world. Almost daily, the media report on companies that have suffered data breaches where criminals stole their customers’ data. Often, the breach occurred not at the company itself, but at one of its partners, or vendors, highlighting the risks of every business’s supply chain.
In order to advance cybersecurity effectiveness for businesses in Europe, global analytics software and technology provider FICO is offering 50 free trials of the FICO® Cyber Risk Score – Landscape edition available to firms in Europe.
The FICO® Cyber Risk Score forecasts the likelihood that an organisation will suffer a breach event in the next year. Businesses use it to measure and manage the cybersecurity risk of their entire third-party network and assess any potential new partners and vendors.
“Our risk score is a cloud solution that does not require the installation of new software,” explained Matt Cox, vice president for fraud solutions in EMEA at FICO. “Once the vetting and credentialing processes are complete, it takes just minutes to begin creating a custom view of your third-party organisations. The score is invaluable in identifying which parts of your supply chain or partner network represent the greatest risk for data breaches. It also helps you use cyber risk as a criterion when assessing new suppliers.”
The FICO® Cyber Risk Score is an empirical score that relies on a comprehensive and diverse set of cyber security data signals, collected at internet scale, to determine the risk profile of any organisation. FICO’s proprietary machine learning analytics weigh key risk indicators including the health and hygiene of IT systems, network infrastructure and software and services. These current and historical data signal behaviours are compared to past behaviours of organizations that have, and have not, suffered a material data breach.