FICO consumer-credit scores, acquired QuadMetrics. FICO hopes to leverage QuadMetrics's predictive analytics and risk assessment software to develop an industry-wide "enterprise security score" for businesses.
The consumer-credit score firm on Tuesday said it acquired cybersecurity startup QuadMetrics to develop a standard industry-wide metric for corporate cybersecurity risk. Fair Isaac Corp., known for its FICO consumer-credit scores, waded deeper into online security Tuesday with the acquisition of cybersecurity startup QuadMetrics. The terms of the deal were not disclosed. The company said it plans to leverage QuadMetrics’s predictive analytics and security-risk assessment tools to develop an industry-wide “enterprise security score” for businesses. The security score is meant to provide an “easy-to-understand” metric to help chief information officers and other corporate IT decision-makers gauge their company’s online risks, while managing risks from third-party software vendors.