Tag Archives: Cybersecurity

Analytics & Optimization The Future of AI: Smart Machines Will Save Us, Not Destroy Us

FICO 25 years of AI and machine learning logo
Aug162017

To commemorate the silver jubilee of FICO’s use of artificial intelligence and machine learning, we asked FICO employees a question: What does the future of AI look like? The post below is one of the thought-provoking responses, from Shafi Rahman, a principal scientist at FICO, working in San Diego. The most memorable scene in the film 2001: A Space Odyssey is when HAL 3000 turns off the life-support functions of the crew in an attempt to keep itself from getting disconnected. This was my first encounter with what we call artificial intelligence. Then in Terminator, we were introduced to Skynet, a neural network based AI, which raised an army of robots for self-preservation. Hollywood has always portrayed the future of AI in a dystopian, cataclysmic manner. In reality, I believe things will be different — benign and beneficial to the human-kind. In the last 10 years, we have seen huge... [Read More]

Leave a comment

Fraud & Security Cybersecurity: To Be (Empirical), or Not to Be?

Hamet with data background
Aug022017

That is the question for cybersecurity risk assessment. FICO has been in the analytics business since our inception back in 1956.  Our founders, Bill Fair and Earl Isaac, had the novel idea that businesses could make better decisions through data. Before anyone thought to call the resulting algorithms “analytics,” they set off to create game-changing approaches to correlating signals with outcomes to help companies manage risk, reduce expense, and maximize opportunities. Bill and Earl began looking for problems they could solve through an empirical analysis of data, and credit underwriting was a use case that was well-suited to the technique. Most credit-granting organizations had credit applications tucked away in filing cabinets (a source of consistent signal data), and most also had a reasonable handle on outcomes – i.e., who was managing credit to terms and who was in arrears or in default. The ability to relate data known at the time of the... [Read More]

Leave a comment

Fraud & Security How Are Telecom Providers Managing Cybersecurity Risk?

Man with laptop
Jul182017

Data breaches are in the news on an almost daily basis and telecom companies are not immune to attack – indeed, cyber-attacks have led to the loss of almost 50 million customer records in the past 10 years. For telecom businesses it’s not only the frequency and number of records that are breached that is of concern, it’s also the type of data that can be lost. Telecom companies are guardians of a rich set of customer data, including financial information. They also hold a valuable set of behavioural data about their customers based on how they use their services. This rich data set is a honey pot for cybercriminals – particularly those using data to fuel identity theft. We included telecommunications providers in the cybersecurity survey carried out on our behalf by independent research company Ovum. What did we find? A full assessment of our findings for the Telco industry... [Read More]

Leave a comment