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As the frequency and severity of cyber breaches continue to grow, cybercrime is now one of the biggest challenges facing financial institutions (FIs). Adding to their problems, FIs must also address the growing risk of technology outages– established FIs’ legacy networks and newer challengers’ untested systems have both fallen victim to cyber incidents.
This Vendor Analysis is based on the Chartis quadrant report Cyber Risk Quantification Solutions, 2019: Market and Vendor Landscape (published May 2019). This report takes a detailed look at FICO’s quadrant positioning and scoring, and Chartis’ underlying opinion and analysis.