Company Filing History:
Years Active: 2002-2019
Title: **The Innovative Mind of Larry Peranich: A Pioneer in Adaptive Fraud Detection**
Introduction
Larry Peranich, an inventor based in San Diego, CA, has made significant contributions to the field of adaptive fraud detection, holding a total of 12 patents. His innovative work focuses on enhancing transaction security through computer-implemented methods that utilize adaptive models for fraud analysis. This article explores his latest patents, career highlights, collaborations, and the impact of his innovations.
Latest Patents
Among his latest patents, Larry has developed an **Adaptive Fraud Detection** method. This computer-implemented approach involves receiving a new data record associated with a transaction. Utilizing an adaptive model executed by the computer, it generates a score indicating the likelihood of the transaction being fraudulent. The model incorporates feedback from multiple external data sources, enhancing its accuracy by learning from previous records linked with fraud and legitimate transactions.
Another notable patent is the **Automatic Variable Creation for Adaptive Analytical Models**. This system automates the creation of variables for fraud analytics, generating a data structure that illustrates nodes and their associations from inputs regarding fraud or non-fraud conditions. The structure evolves from data collected during an adaptive modeling process of past transactions. It determines unique paths between nodes to formulate rules, converting these rules into binary indicator variables and complex variables that can be utilized for scoring new transactions and predicting future behaviors.
Career Highlights
Throughout his distinguished career, Larry has contributed to renowned companies such as Fair Isaac Corporation and HNC Software, Inc. His experience in these organizations has enabled him to deepen his expertise in fraud detection technologies and analytical models. His innovative mindset continues to influence the evolution of fraud detection mechanisms in the financial sector.
Collaborations
Larry has collaborated with notable professionals in the field, including Scott Michael Zoldi and Michael A. Lazarus. These partnerships have fostered the advancement of adaptive analytics and the development of systems that effectively combat fraud in various transactions, enriching the overall understanding and capabilities in this essential area of technology.
Conclusion
Larry Peranich stands out as a visionary inventor in the realm of adaptive fraud detection, with a proven track record represented by his patents and meaningful collaborations. His contributions help raise the standard for transaction security and fraud prevention, showcasing the importance of innovation in addressing modern challenges within the financial landscape.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.