London, UK - 11th February 2008 - The 41st Parameter announced today that William Wright, Ph.D., joined the company as Chief Scientist in November 2007. He is responsible for leading the company's research on rule/algorithm lift to provide ongoing calibration for The 41st Parameter's Internet Fraud Management portfolio.
Dr. Wright is widely acknowledged as one of the industry's foremost experts in building heuristic and statistical systems to detect financial fraud. He comes to The 41st Parameter from RSA-Passmark, where he served as Chief Research Scientist and was instrumental in creating the company's Adaptive Authentication platform. Dr. Wright is an artificial intelligence expert who has built many other analytical and predictive systems over the past 20 years, including the Falcon Credit Card Fraud Detection System at Fair Isaac-HNC, the Advanced Fraud Screen system at CyberSource, and numerous adversarial modelling systems for the U.S. military, including Lockeed-Martin-Orincon’s Distributed Agent Information Warfare Framework (DAIWF).
"Fraud prevention is a moving, evolving target, which requires a significant R&D commitment to ensure our customers are protected today and tomorrow," said Founder and Chief Innovation Officer, Ori Eisen. "We are pleased to add Dr. Wright to our research team, as he has an ideal background of computer, mathematical and cognitive science that will help us further develop the Internet Fraud Management portfolio. There are very few people in business today who have studied fraudulent behaviour for as long as Dr. Wright and developed as many effective anti-fraud systems over a 20-year timeframe."
"It's a very exciting time to join The 41st Parameter, as the company has earned the trust of many of the world's most elite banks and online merchants," said Dr. Wright. "I look forward to collaborating with our research team, customers, and fraud experts across the industry to develop more cutting-edge, adaptable Internet Fraud Management solutions for the company. The 41st Parameter has built an outstanding technical architecture, which will allow us to quickly exploit our innovations that will enable our customers to prevent significant fraud losses."
Dr. Wright holds a Ph.D. in computer science and cognitive science and an M.A. in cognitive psychology from the University of California, San Diego. He earned his M.S. and B.S. in computer science at the University of Oregon.
About the 41st Parameter
As a leader in online fraud detection and prevention solutions, The 41st Parameter is instrumental in reducing online fraud for eCommerce and financial institutions through highly accurate anti-fraud capabilities. The Company's patent-pending technologies provide a highly accurate analysis of legitimate and fraudulent transactions, which is made possible by pairing the unique, forensic identification of PCs and online devices with customer-entered information. In addition to identifying and preventing fraud, the Company's products help improve operational efficiencies, saving time, money and protecting legitimate customers. None of the Company's solutions require end-user registration, enrolment, downloads or installations. To find out how the Company is making fraud history, visit www.the41.com All brands, names, or trademarks mentioned in this document are the property of their respective owners.
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