All posts by Doug Clare

Fraud & Security Scoring Cyber Risk: The FICO® Enterprise Security Score

Scoring Cyber Risk
Aug282018

Welcome to the final blog in the series recapping Cyber Risk, Cyber Ratings and Cyber Risk Transfer at FICO World 2018, and my conversation with the session’s three panellists: Josh Ladeau, CISSP, Global Head of Cyber, Aspen Insurance Sasha Romanosky, Policy Researcher, RAND Corporation Dr. Mingyan Liu, Professor and Incoming Chair of Electrical Engineering & Computer Science, University of Michigan and founder of QuadMetrics In my last blog, we left off with Mingyan saying: “When we built the (cyber risk scoring) technology (that would become the FICO® Enterprise Security Score), the industry-standard practice was to send security questionnaires for prospective customers to fill out… Even though underwriters knew they needed something more modern, they weren’t ready to let go of their existing practices… When we showed how our cybersecurity ratings are tied to predicting data breaches, some underwriters said, ‘This approach is enough, and all we need,’ and others said, ‘What will... [Read More]

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Fraud & Security Cyber Risk Measurement: How to Measure a Moving Target

Cyber Risk Measurement
Aug222018

As I recently blogged, “Clearly, there’s a big disconnect between what companies perceive to be their strengths and the reality on the ground.” Now it’s time to move on to the reality of evolving cyber threats, and the important role of risk-scoring technology in cyber risk measurement. Again, I’ll draw on the session Cyber Risk, Cyber Ratings and Cyber Risk Transfer at the recent FICO World 2018 conference, and the conversation with my three panellists: Josh Ladeau, CISSP, Global Head of Cyber, Aspen Insurance Sasha Romanosky, Policy Researcher, RAND Corporation Mingyan Liu, Professor and Incoming Chair of Electrical Engineering & Computer Science, University of Michigan and founder of QuadMetrics. Cyber Risk Measurement: Cyber threats are multiplying Not surprisingly, the panellists’ perspectives on cyber risk growth were reflective of their professions. Josh said, “It’s about the interruption of business and systems being down; hackers aren’t the only source of cyber risk. Business outages... [Read More]

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