WASHINGTON, April 27, 2016 /PRNewswire/-- FICO WORLD 2016 --
Partnership combines the iboss web security platform with patented FICO Cyber Analytics for detecting and remediating cyber attacks
FICO and iboss aim to reduce the "dwell time" before an attack is recognized, which is often months in duration
New cyber threat score will measure risk of infection and data loss
Analytic software firm FICO today announced that its groundbreaking AI-based Cyber Analytics will be available as part of the iboss node-based, direct-to-cloud, containerized platform, a leading solution for cybersecurity and malware protection. FICO's Cyber Analytics models will improve detection of attacks, including new or "zero-day" attacks. The announcement was made during the FICO® World 2016 conference in Washington, DC.
The partnership will create the first cyber threat score that measures the likelihood of malware infection and data breaches. FICO's patented behavioral analytics identify anomalous activity within milliseconds, using real-time transaction profiling and self-learning models. These analytics will score suspicious "behavior" of devices, users or servers, similar to the way that FICO's leading card fraud solution instantly scores billions of credit card transactions around the world daily. Through the cyber threat scores, FICO and iboss clients will now be able to more accurately quantify cyber threats and remediate them in real time to stop catastrophic infection and data loss before it occurs.
FICO and iboss Cybersecurity aim to dramatically reduce the "dwell time" — the time it takes to detect an advanced threat once it has breached an organization's infrastructure. Data is frequently stolen within minutes or hours after penetration. However, a 2015 study by Ponemon Institute found that the average time taken to detect an advanced threat was 98 days for retailers and 196.5 days — more than six months — for financial services institutions. Lack of real-time detection is one reason why cyber attacks cost businesses an estimated $400 billion last year, and erode customer confidence.
"Our node-based, direct-to-cloud web security platform, combined with FICO's proven streaming analytics, closes blind spots in a company's protection," said Peter Martini, president of iboss Cybersecurity. "Malware morphs quickly to evade traditional defenses, and with our combined technologies we're able to adapt just as quickly and spot what other systems miss, including attacks that mask communication using TOR software, such as the Zeus64 malware trojan and Locky ransomware. Best of all, our secure containerized architecture means that FICO technology can be deployed in distributed organizations quickly and easily."
"FICO pioneered the use of artificial intelligence in fighting financial crimes with FICO Falcon Fraud Manager, which protects billions of payment cards worldwide," said Doug Clare, vice president of FICO cybersecurity solutions. "Our data scientists hold more than 100 patents related to streaming behavioral analytics for attack detection, which are well-proven in the financial services and telecom industries. With iboss, we found the perfect partner to bring these technologies to one of the biggest problems facing society today."
About iboss Cybersecurity iboss Cybersecurity defends today's borderless networks against malware, advanced threats and data loss with an innovative direct to cloud, containerized, node based approach. Unlike legacy technology focused solely on keeping malware out, iboss offers a balanced cybersecurity approach with equal emphasis on prevention, detection and containment to reduce damaging loss from data breaches. Backed by patented, next-generation technology and unparalleled visibility across all inbound/outbound data channels, iboss next-gen technology provides better security weapons to reveal blind spots, detect breaches and minimize the consequences of data exfiltration. Leveraging leading threat protection and unsurpassed usability, iboss is trusted by thousands of organizations and millions of users. Visit www.iboss.com.
About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 165 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at www.fico.com.