Christina J Robbins

US Patent:

8645263, Feb 4, 2014

Filed:

Jun 8, 2007

Appl. No.:

11/760276

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

International Classification:

G06Q 40/00

US Classification:

705 38, 705 35

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.