FICO Awarded New Patents for Cybersecurity Analytics and Utility Network Protection

SAN JOSE, Calif. – February 17, 2016 – Analytic software firm FICO (NYSE: FICO) has been awarded new patents related to cybersecurity and utility network protection. FICO now holds 169 US and foreign patents, and has 97 pending patent applications.

Members of FICO’s fraud analytics team patented a system and method for cybersecurity threat monitoring using “adaptive analytics,” which adapt to changes in the environment. This innovation can detect command-and-control behavior of malware on an infected computer by creating and monitoring real-time behavioral analytic profiles for computers, DNS domain query names, IP addresses and other entities. This technology is used in the FICO^® Cyber Analytic Solution.

The second new patent is for utility network and revenue assurance, and covers a system used to detect anomalies in the measurement and distribution of utilities. This system uses smart meter data to find unusual patterns in utility consumption, which may indicate fraud or loss.  The utility analytics system was developed for the electric utility industry, and is also applicable to other utilities, including gas and water distribution. FICO has used this technology in its work with major utility providers.

"The machine-learning and other analytic technologies we use to detect anomalies in financial data have enormous potential in other fields," said Dr. Scott Zoldi, chief analytics officer at FICO, who co-developed both of the newly patented innovations. "We continue to explore opportunities for using our breakthroughs in new ways to protect people, organizations and the mission-critical systems they depend upon."

Über FICO
FICO (NYSE: FICO) ist ein führender Anbieter von Predictive Analytics und Softwarelösungen für Entscheidungsmanagement, das Unternehmen in über 90 Ländern dabei unterstützt, bessere Entscheidungen zu treffen, um Wachstum, Profitabilität und Kundenzufriedenheit zu steigern. Der zukunftsweisende Einsatz von Big Data und mathematischen Algorithmen zur Erstellung von Prognosen zum Kundenverhalten hat ganze Branchen grundlegend gewandelt. Die Analytics-Softwarelösungen und -Tools von FICO werden in den verschiedensten Branchen verwendet, um Risiken und Betrugsfälle zu verringern, profitablere Kundenbeziehungen aufzubauen, Abläufe zu optimieren und strenge regulatorische Vorgaben zu erfüllen. Many of our products reach industry-wide adoption. These include the FICO^® Score, the standard measure of consumer credit risk in the United States. FICO-Lösungen integrieren Open-Source-Standards und Cloud Computing, um so maximale Flexibilität und schnelle Bereitstellung zu ermöglichen und Kosten zu reduzieren. Das Unternehmen hilft Millionen von Menschen dabei, ihren persönlichen Kreditstatus zu verwalten. Learn more at www.fico.com.

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