FICO Cyber Risk Score to Measure Supply Chain Risk for T-Mobile
HIGHLIGHTS:
- FICO® Cyber Risk Score will serve as the key cyber risk quantification measurement in
T-Mobile's evolving vendor management program - FICO Cyber Risk Score is an objective, empirical measurement of forward-looking cyber breach risk, providing users with the most accurate risk assessment available for continuous monitoring
- New and emerging compliance regimes such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) are spurring urgency for the identification and management of supply chain and business partner cybersecurity risk
FICO announced today that
More information: https://cyberscore.fico.com
The move reflects the evolving discipline of vendor risk management in a digitally connected world where nearly every business relationship involves the exchange of data of varying degrees of sensitivity. New regulations require more accountability for organizations in understanding and managing the risk of data loss both internally and through interactions with third parties. GDPR has recently added new granularity to these requirements, and new regulations such as the CCPA will add to the growing expectations for sound management of data loss exposure through supply chain partners. An accurate and continuous assessment of cyber breach risk can help companies prioritize the work of their cybersecurity and their third-party risk management (TPRM) team.
The FICO® Cyber Risk Score is based on billions of cyber risk indicators that are monitored at Internet scale. It relies on machine learning to interpret the network hygiene practices of thousands of previously breached organizations and form predictors that amplify the signals associated with risk of data loss. The FICO Cyber Risk Score is part of the FICO® Enterprise Risk Suite, which provides a framework for discovering, sharing, and monitoring the cyber risk of third and fourth parties (vendors of vendors) in an extended supply chain.
"Accurate prediction of cyber breach in the next 12 months is the goal of the model," said
"We're thrilled to extend our relationship with
Organizations that wish to learn more about their forward-looking security risk can register for a free subscription at cyberscore.fico.com. Much like individuals can get their FICO® Score to understand how lenders view their creditworthiness, organizations can get their FICO® Cyber Risk Score, for free, to gauge their security effectiveness and understand how business partners view their cybersecurity hygiene.
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SOURCE FICO
FICO Media: Greg Jawski, Porter Novelli for FICO, +1 212-601-8248, greg.jawski@porternovelli.com; FICO Investors/Analysts: Steven Weber, FICO, +1 800-213-5542, investor@fico.com; T-Mobile Media: T-Mobile US, Inc. Media Relations, MediaRelations@t-mobile.com