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In order to advance cybersecurity effectiveness for businesses in Europe, FICO is making available a select number of free trials of the FICO® Cyber Risk Score – Landscape edition. With the FICO® Cyber Risk Score, you can easily measure and manage the cybersecurity risk of your entire third-party network, and assess potential new partners and vendors.
• Evaluate and monitor the security practices of an unlimited number of partners.
• Triage your third-party relationships with benchmarking and segmentation of security performance.
• Demonstrate TPRM performance to executive audiences with a quantified evaluation of partners’ security risk.
• Focus your vendor audit resources on 3rd parties that deserve the most scrutiny.
From vetting data processors to managing a growing list of cloud software providers, third-party risk management (TPRM) teams are searching for ways to simplify the due diligence process while sharpening their ability to identify cyber risk. The FICO® Cyber Risk Score can help.
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 organization. These signals reflect 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.
The FICO® Cyber Risk Score Together forecasts the likelihood that an organisation will suffer a breach event in the next year.
Benchmark security performance across segments of partners.
Support breach insurance underwriting.
Understand portfolio risk across all insurance policies.
Monitor the risk of your existing partner portfolio.
Help CROs and CPOs tackle active vendor management.
Vet the risk of potential partners.
The FICO® Cyber Risk Score supports cybersecurity risk assessments and underwriting decisions. It accurately captures the risk posture of an organization as observed from an external vantage point. This quantifiable security rating is used to price insurance policies and determine exclusions or riders.
Manage and monitor the cybersecurity risk introduced by your vendors. The FICO® Cyber Risk Score presents aggregated data and measurements that capture the cybersecurity risk of your vendors via a diverse set of measurements. Linked tools within the Landscape portal of the FICO® Enterprise Security Suite allows a conversation with your vendors regarding the reported data.
Monitoring third party risk is more than just a sound business practice. It’s also a regulatory requirement for organizations that manage personal data of European Union (EU) citizens. The General Data Protection Regulation (GDPR) reforms require organizations to regularly assess and evaluate the security measures of third parties that process data on their behalf. The FICO Cyber Risk Score provides the empirical results needed to monitor and manage the risk of third party relationships.
FICO is making 50 free trials of the FICO Cyber Risk Score — Landscape Portal available to businesses in Europe. Enjoy three months of free usage, including FICO Cyber Risk Scores of an unlimited number of your vendors, partners and supply chain participants.
To apply for one of these 50 free trials, just send us the information below.