skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration

Ovum view

Summary

Cybersecurity was a key theme at the recent FICOWorld 2018, where FICO said it has used its "traditional" scoring expertise and made investments in cybersecurity scoring. At the opening keynote on the first full day of the conference, FICO CEO, Will Lansing, announced that FICO wants to be the industry standard in cybersecurity scoring, helping to quantify the cybersecurity risk of organizations. It was also revealed that, based on little more than perception, most enterprises are overconfident about their cyber-readiness.

FICO discusses applications of its enterprise security score

At the event, FICO included a cybersecurity stream for the first time in its history. As well as cybersecurity being referenced in the opening keynotes, there were sessions on quantifying and prioritizing cyber-risks, understanding your cybersecurity posture, cybercrime trends from the C-suite, cyber-risk transfer, and using deep unsupervised learning in cybersecurity.

Why would an organization best known for financial technology and products be running a cybersecurity stream? The answer lies in the FICO Enterprise Security Score, which provides organizations across the globe with a score, irrespective of industry, to assess their security risk.

A score of between 300 (high risk) and 850 (low risk) is given to organizations based on FICO’s measurement and monitoring of key security and risk indicators relating to the management of externally exposed network assets. This information is then analyzed to create a score that predicts the enterprise’s likelihood of any future breach.

Organizations can use the score to provide a barometer for security risk across the enterprise, as well as support cyber-risk insurance underwriting, and enable the assessment of partners and suppliers in terms of cyber-risk.

Research conducted between Ovum and FICO and revealed at FICOWorld shows that many organizations are overconfident about their cyber-readiness, with more than three-quarters of surveyed organizations believing that they are top performers or above average. If these same organizations were to check their FICO Enterprise Security Score, it would be a rude awakening for many to discover that their optimism is misplaced. Being able to apply an independently derived score to an organization’s cybersecurity risk can present a realistic view of cyber-readiness and help prioritize funding in the areas of most significant risk.

Appendix

Further reading

Business-Driven Security for Enterprise Protection and Compliance, INT003-000115 (April 2018)

"Questions that matter to enterprises: Developing a security strategy", INT003-000099 (March 2018)

Author

Maxine Holt, Research Director, Infrastructure Solutions

maxine.holt@ovum.com

Recommended Articles

  • Consumer & Entertainment Services

    US pay TV: Is it facing an existential threat?

    By Adam Thomas 28 Mar 2018

    With US pay TV having endured the worst year in its history, thoughts have inevitably turned to the future. The likelihood remains that the immediate future will remain highly uncomfortable for everyone except the scaled multinational digital platforms.

  • Enterprise Decision Maker, Enterprise IT Strategy and Select...

    2017 Trends to Watch: Big Data

    By Tony Baer 21 Nov 2016

    The breakout use case for big data will be fast data. The Internet of Things (IoT) is increasing the urgency for enterprises to embrace real-time streaming analytics, as use cases from mobile devices and sensors become compelling to a wide range of industry sectors.

    Topics Big data and analytics IoT

  • Enterprise Services

    5G: Another technology in search of enterprise use cases

    By Evan Kirchheimer 26 Apr 2018

    Service provider interest in justifying 5G investment through its potential to open new revenue streams from the enterprise segment is growing ever greater.

;

Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700


Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

Email us at ClientServices@ovum.com

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 788 597 5160 or email us at pr@ovum.com

Contact marketing - 
marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now