2021.08.04 Press release

--To the press -

FRONTEO's AI review tool "KIBIT Automator" is used for investigations and litigation cases in US asset management companies

FRONTEO Inc.
Masahiro Morimoto, President and CEO
東京 都 港区 港 南 2-12-23
(Code number: 2158 TSE Mothers)

FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereinafter FRONTEO) has used FRONTEO's AI review tool "KIBIT Automator" to investigate cases of unauthorized access / removal of confidential information in the United States. I will inform you of that.

 

In this case, an employee of an asset management company in the United States was charged with unauthorized access to a computer, unauthorized disclosure of confidential information, etc., alleging that he had illegally accessed and took out confidential information in the workplace while he was in his previous job. is. FRONTEO utilizes the review tool "KIBIT Automator" equipped with the AI ​​"KIBIT" that was originally developed in the discovery (discovery procedure) of this project, and is said to occupy about 7% of the time and cost of the discovery procedure. Succeeded in completing in a short period of time.

 

The amount of data generated by organizations and companies is increasing year by year, and most of that data is said to be unstructured data such as emails and reports.Naturally, it is such unstructured data that is the subject of investigation in proceedings, fraud investigations and audits. FRONTEO's AI "KIBIT" excels in analyzing text data, and the review tool "KIBIT Automator" that makes full use of its accuracy can perform highly accurate text analysis in a short time, so within a limited time. It is possible to find evidence data from a huge amount of data.It has been used in numerous international litigation cases and fraud investigation cases, and has been highly evaluated by US companies.

 

Since this survey was an additional survey of the same case that we have conducted so far, the analysis data from the previous stage can be used as teacher data, which greatly increases the time and cost of creating teacher data from scratch. It has become possible to suppress it to.In addition, by utilizing AI in the review process, it is possible to proceed with the review from what AI judged to be highly relevant as evidence, and when the top 20% of documents were reviewed, 50 of the "relevant" data We have succeeded in finding the necessary documents at an early stage of the investigation, such as finding%. Compared to the case of proceeding with the review without using AI, the work efficiency has been improved by about 30%, which has attracted a great deal of attention from financial companies that are experiencing similar cases. I did.

 

FRONTEO will continue to support the early detection and resolution of problems in the efforts of companies in dealing with international proceedings and forensic investigations by promoting the further advancement of AI.

 

 

■  KIBIT Automator    URL: https://legal.fronteo.com/products/kibit-automator/

"KIBIT Automator" improves the efficiency of document review work in electronic discovery (e-discovery), reduces the burden on workers, and reduces costs, among other discoveries required in the trial proceedings of US civil proceedings. An AI tool developed for the purpose, released in March 2019.We apply the research method used in discovery and utilize AI to examine and analyze large-capacity e-mails and electronic files that are evidence materials.In recent years, it is expected to respond to the short-term information disclosure required of companies.

 

■ FRONTEO  URL: https://www.fronteo.com/

FRONTEO uses the in-house developed AI engine "KIBIT" and "concept encoder" specializing in natural language processing to extract meaningful and important information from a huge amount of text data to support corporate business. A data analysis company. Since its establishment in August 2003, it has been expanding globally to Japan, the United States, South Korea, and Taiwan, focusing on legal tech businesses such as "e-discovery (electronic discovery)" and "digital forensic investigation" that support international litigation of companies. Has been deployed.Based on the AI ​​technology cultivated in the legal tech business, we expanded the business field to the life science field, business intelligence field, and economic security from 8, and by using AI to "turn text data into knowledge" , Drug discovery support, dementia diagnosis support, financial / personnel / sales support, etc., contributing to solving various corporate issues. Listed on TSE Mothers on June 2014, 2007. January 6, 26 Obtained a first-class medical device manufacturing and sales license (permit number: 2021B1X13).The capital is 13 thousand yen (as of March 1, 10350).

 

* FRONTEO, KIBIT, conceptencoder, and KIBIT Automator are registered trademarks of FRONTEO in Japan.

<Contact information for the press>

Public Relations Officer, FRONTEO Inc. Takigawa

FAX: 03-5463-6345 Email: pr_contact@fronteo.com

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