Whether you're looking to buy a new home, a new car, or you're simply being responsible; most of us have a pretty good idea of what our FICO score is. The FICO score is considered an American standard when it comes to most things financial, and now the company is taking aim at cybersecurity. Soon, you'll be able to judge enterprise cybersecurity by a FICO security score. The news comes after FICO acquired cyber risk security company, QuadMetrics. The company uses predictive analytics to provide an overall security score for enterprises.
"We believe cybersecurity can only be substantially and sustainably improved through creating a strong ecosystem, and a vital part of that ecosystem is a common rating that all parties can use to evaluate cyber risk," said Doug Clare, Vice President, Cybersecurity Solutions, FICO.
What remains to be seen is if the FICO security score will become the standard when it comes to evaluating safety at enterprises. The score could be used as a great marketing tool, but there's a catch. According to survey conducted by Duke University and CFO Magazine, more than 80% of U.S. companies have been successfully hacked. Another recent survey by Centrify found that 66% of Americans are somewhat likely to stop doing business with a company that has been breached. If the score does become the next standard, then how many companies will actually 'make the grade'? Perhaps this score will provide the extra push that most companies need in order to make cybersecurity a priority.
