LONDON, March 14, 2012 /PRNewswire/ -- FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today hosted a Business Continuity Institute (BCI) Forum event in FICO's London offices, focused on helping UK companies prepare their risk assessment, resilience and continuity planning for the upcoming London Olympics. More than 35 business leaders across the public and private sectors attended the event "Preparing Like a Champion for the 2012 Olympics" to explore preparedness and recovery with business continuity and risk management experts. The meeting was a forerunner of Business Continuity Awareness Week, which runs March 19-23.
"The 2012 Olympics has put business continuity planning front and center for UK businesses, which see it as an essential element of a robust approach to risk management across their enterprise," said Brian Kinch, a senior partner for FICO, who hosted today's meeting as a member of the BCI management committee for South/East England. "The BCI and its members are taking a proactive approach to protecting business from both the unprecedented traffic of the Olympics and from the escalated risk of terrorist or criminal attack, and FICO is pleased to have been able to help foster this multi-industry discussion."
The meeting included an evaluation of cyber attacks and the impacts on the payments market, which have emerged as a focus for Olympics preparedness. In November 2011, the Financial Services Authority, the Bank of England and HM Treasury conducted a "market-wide exercise" that tested UK financial institutions' preparedness for a cyber attack. Following the February 2012 report on this exercise, the three organizations and financial institutions have focused on strengthening protection against cyber terrorism that could disrupt the UK payments system.
"The market-wide exercise showed that the banking community is prepared to handle some aspects of a cyber attack, but must shore up other areas," said Derek Mason, founder of Simple Business Continuity Solutions, who presented at today's meeting. Mason spent 17 years managing business continuity for a major bank. "I encourage all managers to think about whether they are have adequate, practical plans in place to overcome the immediate communications issues and continue urgent business following a major incident."
The Business Continuity Institute has nearly 7,000 members in some 100 countries. More information, including a listing of Business Continuity Awareness Week events, is online at www.thebci.org.
FICO (NYSE:FICO), formerly known as Fair Isaac, delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. Learn more at www.fico.com. FICO: Make every decision count™.
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