FRONTEO Inc.

10/01/2024 | Press release | Distributed by Public on 09/30/2024 19:23

Mitsubishi Electric introduces 'KIBIT Eye,' an audit AI solution that predicts data leaks and fraud risks

2024.10.01Press release

--To the press -

Mitsubishi Electric introduces "KIBIT Eye," an audit AI solution that predicts data leaks and fraud risks

Part of a data-driven risk control strategy, used to prevent confidential information leaks, etc.

FRONTEO, Inc.
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Growth)

 FRONTEO Inc. (Head office: Minato-ku, Tokyo; President and CEO: Masahiro Morimoto; hereinafter referred to as FRONTEO) is pleased to announce that Mitsubishi Electric Corporation (Head office: Chiyoda-ku, Tokyo; Representative Executive Officer and President: Kei Urushibara; hereinafter referred to as Mitsubishi Electric) has introduced KIBIT Eye , an email and chat auditing AI solution equipped with KIBIT, a specialized AI developed in-house.

 Today, the risks facing companies are becoming more diverse and complex against the backdrop of rapid changes in the world situation and social structure. Companies face a wide range of challenges, including economic security risks associated with changes in the international order, sustainability risks such as human rights violations, digital risks such as cyber attacks, and BCP risks associated with disasters, infectious diseases, national conflicts, technological change, and population decline.

 In order to take effective measures against these issues, Mitsubishi Electric has formulated an appropriate data-driven risk control strategy, and is building a pioneering and effective system by establishing an Economic Security Management Office and appointing a responsible officer in 2020, a Risk Management Office in 2022, and a Legal and Risk Management Department in 2024. In addition, FRONTEO's economic security AI solution " KIBIT Seizu Analysis" will be introduced in August 2023.

 The introduction of KIBIT Eye is part of an additional measure to address these issues, with the aim of using AI to monitor emails from departments that handle confidential information and to detect communication data that could lead to the removal or leakage of information.

 KIBIT Eye is an AI solution that helps companies detect the risk of confidential information leaks and predict fraud at an early stage by analyzing data exchanged through various communication tools such as email, chat, and text-converted voice data. By analyzing huge volumes of text data, KIBIT eliminates personal bias in judgment criteria and enables uniform and comprehensive checks and audits. In addition, by scoring data, it extracts data that is likely to contain a risk of confidential information leaks, contributing to efficient risk management and advanced compliance through audit work.

 FRONTEO will contribute to strengthening corporate governance and risk management systems and business development through the provision of its proprietary specialized AI "KIBIT."


About FRONTEO URL: https://www.fronteo.com/
FRONTEO supports the judgment of experts in various fields who face social issues day and night through the provision of its proprietary specialized AI "KIBIT," and creates the starting point for innovation. Unlike general-purpose AI, our proprietary natural language processing technology (patented in Japan and the United States) enables high-speed and high-precision analysis without relying on the amount of training data or computing power. In addition, by utilizing patented technology that maps (visualizes the structure) the analyzed information, "KIBIT" can directly influence the insights of experts, and in recent years, KIBIT's technology has also been used in hypothesis generation and target discovery in drug discovery.
Through KIBIT's unique technology and approach, we aim to realize the philosophy of "providing solutions that do not overlook risks and opportunities buried in records, and realizing fairness in the information society." We are promoting social implementation in various fields of legal tech AI.
Founded in August 2003, listed on TSE Mothers (currently TSE Growth) on June 8, 2007. The company operates in Japan, the United States, South Korea, and Taiwan. Obtained a first-class medical device manufacturing and sales business license and registered a controlled medical device sales business. Capital: 6 yen (as of March 26, 898,618).

※FRONTEO、KIBIT、KIBIT Eye、Seizu AnalysisはFRONTEOの日本における登録商標です。


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https://kibit.fronteo.com/contact/