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May 11, 2017
MONTREAL — May 11, 2017
Silicon Valley analytic software firm FICO today announced that the British Columbia Automobile Association (BCAA), a leading Canadian travel insurance provider, is using the FICO® Enterprise Security Score to understand the security posture of their business partners, as well as to improve their own security posture. The Enterprise Security Score reveals an organization’s likelihood of suffering a major breach in the next 12 months.
More information: http://www.fico.com/en/products/fico-enterprise-security-scoring
“We are one of the most trusted organizations in British Columbia, serving one in three households, and protecting our members’ data is a top priority,” said Ken Ontko, senior vice president and chief information officer at BCAA. “To do that, we need to not only manage our own data security but understand how well our partners and vendors are protected. We looked at other products but only the FICO product gave us the output we need to manage our business.”
“Businesses are really waking up to the impact that their partners’ security vulnerabilities could have on them,” said Doug Clare, vice president of cyber security solutions at FICO. “We give firms like BCAA the information they need in a clear, concise score. This is the best way to get your arms around a very complex challenge.”
The FICO® Enterprise Security Score performs a complex assessment of network assets, applies advanced predictive algorithms, and then condenses the results down to a three-digit score that rank-orders based on the odds of breach for an organization, allowing an empirical comparison of organizations’ cyber security risk. Organizations can use this score to understand and track their own performance, or share it with business partners as an easy-to-understand surrogate for a more in-depth exchange of security posture details. The score comes with current threat profile characteristics and granular insights into potential security issues.
With more than 800,000 members, BCAA provides industry-leading products including home, auto and travel insurance, roadside assistance, Evo Car Share and full auto service at BCAA’s Auto Service Centres. The British Columbia Automobile Association is an affiliate of the Canadian Automobile Association (CAA) and the American Automobile Association (AAA), serving members in British Columbia and the Yukon.
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.
For FICO news and media resources, visit www.fico.com/news.
FICO is a registered trademark of Fair Isaac Corporation in the United States and in other countries.
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