article thumbnail

Today’s Cyber Risk Management

Cisco

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

article thumbnail

Four Steps for Managing Third-Party Cyber Security Risk

FICO

Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk.

article thumbnail

Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

Leading up to 2022, the industry saw meteoric growth with transaction volume increasing fourfold , from $33 billion to $120 billion, between the years of 2019 and 2022. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.