Worried about the rise in data breaches? Now it’s easier than ever to understand your company’s cyber risk. The latest release of the FICO® Cyber Risk Score is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors. The FICO Cyber Risk Score is the first cyber rating available on the AWS Marketplace.
With this release, FICO’s scoring algorithm uses new globally collected micro signal data that improves the ability to quantify the risk an organization will suffer a debilitating cyber-attack in the next 12 months. These micro signals provide additional security risk indicators that are especially useful in evaluating small and medium-sized businesses. This version of the FICO Cyber Risk Score exceeds the published performance results of competitors by a factor of more than 5X, further solidifying FICO’s position as the most accurate security rating on the market.
“Cyber insurers all too frequently see the devastating impact that poor vendor risk management can have on an organization,” said Richard Spotswood, Head of Cyber & Technology at Barbican Insurance. “How these organizations assess and manage the cyber risk of third parties in their supply chain is of growing importance to insurance carriers and can help differentiate prospective insureds. FICO delivers an objective and empirical standard to help organizations in this assessment process, while AWS Marketplace makes this capability more easily accessible to all organizations.”
“Small and medium-sized businesses often have a smaller internet footprint than larger organizations, making specialized risk assessment techniques especially important,” said Doug Clare, FICO’s vice president for cyber security solutions. “Our new score gives both cyber insurance underwriters and vendor risk management teams the ability to measure security posture and breach exposure across their entire supply chain, along with workflows and dashboards designed specifically to stratify, compare and manage aggregate risk.”
“AWS Marketplace makes it is easier to discover, evaluate, and procure the FICO Cyber Risk Score,” said Garth Fort, director, AWS Marketplace, Amazon Web Services, Inc. “Given the level of urgency organizations have to address cyber risk, the streamlined contracting and provisioning process of AWS Marketplace expedites our customers’ ability to realize value from cyber security solutions.”