FICO acquires QuadMetrics for cyber risk score development
FICO, an analytics and decision management software provider, has acquired US cyber risk security scoring firm QuadMetrics.
The deal will help FICO further develop its Enterprise Security Score, which ranks an organisation’s level of cybersecurity risk. The transaction has closed and terms have not been disclosed.
Doug Clare, vice-president of cybersecurity solutions at FICO, says the QuadMetrics team brings “deep expertise” and means they can “fight cybercrime and help all organisations improve their visibility and insights into cyber risk”.
Michigan-based QuadMetrics uses predictive analytics to monitor signals from open source and proprietary data sources to provide an overall security score for an enterprise.
FICO Enterprise Security Score, a “complement” to its Falcon Cybersecurity Analytics for threat detection, is a metric that helps board-level risk assessment, third-party vendor management, and cyber breach insurance underwriting. Along with a score, the product will provide current threat profile characteristics and granular insights into potential security issues.
In acquiring QuadMetrics, FICO becomes the exclusive licensee of QuadMetrics’ intellectual property and pending patents, and gains access to development data for additional analytics research.
A FICO-branded and “enhanced” version of the QuadMetrics offering will be launched later this summer.
Like an Iboss
Elsewhere, FICO announced in April that it had partnered with Iboss Cybersecurity to embed its AI-based Cyber Analytics as part of the Iboss node-based, direct-to-cloud, containerised platform, a solution for cybersecurity and malware protection.
In a separate deal, FICO recently teamed with tech consultancy firm Capgemini to provide analytic solutions in financial services. The alliance will provide FICO’s risk and fraud management products through Capgemini’s consulting and integration services in North America.