INFORMS International Conference
Introduction to Monte Carlo and Discrete-Event Simulation
San Jose, CA
Essential Practice Skills for High-Impact Analytics Projects
Special Articles2017 Syngenta Crop Challenge in Analytics offers $5,000 prize
Put your analytics skills to the test and win $5,000 in the 2017 “Syngenta Crop Challenge in Analytics” administered by INFORMS and sponsored by the Analytics Society of INFORMS.Read More
Special ArticlesITIF: Expand computer science education to keep up with demand
Computer skills are in high demand among employers in a wide range of industries, not just tech-related fields, yet despite growing interest in the subject, a new report from the Information Technology and Innovation Foundation (ITIF) finds that too few U.S. students are taking quality computer science classes at the high school and university levels. ITIF makes the case for public action to support and maintain the groundswell of interest in computer science and capture the economic and social benefits that will come from fostering a more highly skilled workforce.Read More
Industry NewsFICO rolls out Decision Management Suite at Shell Chemical
Analytics software firm FICO recently announced the rollout of the FICO Decision Management Suite for plant-wide operational controls at Shell across its chemical plants around the globe. The advanced optimization capabilities of the FICO Xpress Optimization Suite, part of the Decision Management Suite, help plan asset utilization and maintenance requirements of the plants while improving plant stability and profitability.Read More
FICO: Counterfeit card fraud falls in Europe
FICO, leading provider of analytics and decision management technology, released its analysis of data showing that major shifts have occurred in European card fraud patterns. Analysis done on 55 million active credit cards represented in the FICO Falcon Fraud Consortium for Europe showed that counterfeit fraud fell 60 percent between March 2009 and March 2011.
FICO’s data also shows that card-not-present fraud accounted for 69 percent of all accounts victimized by fraud and 72 percent of all fraud losses. The top 10 merchant categories accounted for 30 percent of the total fraud losses, led by hotels/lodging, travel agencies and ATMs.
“Our analysis of the data shines a spotlight on the tremendous change that has occurred in Europe's fraud landscape,” says Martin Warwick, FICO’s fraud chief in Europe, the Middle East and Africa. “Chip and PIN technology has radically driven down counterfeit and other forms of ‘card present’ fraud in the U.K., which just three years ago accounted for some 60 percent of Europe’s credit card fraud. In response, criminals are operating across borders, targeting countries such as Germany that have weaker detection and prevention capabilities, and shifting their attention to card-not-present schemes such as online fraud.”
FICO’s data comes from card issuers in Germany, the U.K., Ireland, the Netherlands, Poland, Switzerland and Turkey.