The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Date of Patent:
Feb. 04, 2014

Filed:

Jun. 08, 2007
Applicants:

Graham Stephen Seel, Clayton, CA (US);

Jacob Firestone, Martinez, CA (US);

Craig Allan Chinn, Walnut Creek, CA (US);

Christina A. Clark, Lincoln City, OR (US);

Frank S. Danek, Danville, CA (US);

Dee Witherow, Sausalito, CA (US);

Christina M. Robbins, Waltham, MA (US);

Inventors:

Graham Stephen Seel, Clayton, CA (US);

Jacob Firestone, Martinez, CA (US);

Craig Allan Chinn, Walnut Creek, CA (US);

Christina A. Clark, Lincoln City, OR (US);

Frank S. Danek, Danville, CA (US);

Dee Witherow, Sausalito, CA (US);

Christina M. Robbins, Waltham, MA (US);

Assignee:

Bank of America Corporation, Charlotte, NC (US);

Attorneys:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01);
U.S. Cl.
CPC ...
Abstract

Methods and systems for risk prioritization allow a user or organization to prioritize various risk items using a knowledge base. The knowledge base may be continually updated and/or improved based on newly available historical data (e.g., cost of mitigation, actual effects), new forecasts or predicative analyses (e.g., costs for mitigation), expert community consensus and/or new priority information. As new information is updated in the knowledge base, new and existing risk items may be evaluated and/or re-evaluated to determine a risk priority. Risk priority may be determined based on a remediation cost score as well as a risk score. The prioritization system may further develop recommendations for prioritizing and mitigating a risk item.


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