TOKYO, Dec. 15, 2014 (GLOBE NEWSWIRE) -- UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) ("UBIC" or "the Company"), a leading provider of international litigation support and big-data analysis services, announced today that multiple, major Japanese manufacturers have adopted the Company's "Lit i View EMAIL AUDITOR" solution in December 2014. By making it possible to audit emails on a routine basis, Lit i View EMAIL AUDITOR can help companies prevent corporate fraud and theft of intellectual property.
Japanese companies currently face increasing risks associated with the mounting cartel investigations by the U.S. authorities. In the past three years, Japanese companies have paid a total of around 250 billion yen in cartel cases investigated by U.S. authorities. This figure represents roughly 80% of the overall fines paid by Japanese companies to the U.S. authorities. The key to mitigating such risk is to prematurely detect signs of wrongdoing. One way of accomplishing this goal is by routinely auditing employees' emails. However, email auditing by humans is usually inefficient in terms of both precision and cost.
Since Lit i View EMAIL AUDITOR identifies suspicious emails in a timely manner through anticipatory routine auditing, rather than reactionary auditing after wrongdoing has occurred, it is effective in predicting corporate fraud and malpractice.
It is virtually impossible for human reviewers to initially optimize key word selection and program search criteria in order to accurately find suspicious emails without periodically adjusting the search criteria by adding and removing keywords based on the search results. UBIC's automated learning function effectively selects relevant emails by utilizing its AI-based Virtual Data Scientist software program. The results of human auditors' relevance evaluations of emails are incorporated into the program for use in future audits, helping to constantly improve in selection accuracy of the software. The introduction of Lit i View EMAIL AUDITOR can drastically reduce the cost and labor of the audit process compared with existing email auditing tools by automating the search criteria optimization process and eliminating unnecessary human review of emails.
UBIC's Lit i View EMAIL AUDITOR has received praise from its growing customer base of Japanese manufacturers, which have cited their recognition of UBIC's track record in providing high-quality services, the company's superior after-sales support and the solution's outstanding selection accuracy regarding Asian-language texts as reasons for their satisfaction.
By ensuring the validity of evidence, routine audits by a third-party organization help companies demonstrate to U.S. authorities their seriousness in preventing cartel activities.
Lit i View EMAIL AUDITOR has also helped many manufacturers prepare to establish a more strategic legal audit system, as its adoption is similar to employing a competent auditor with expertise in identifying wrongdoing and who is capable of working around the clock.
Lit i View EMAIL AUDITOR provides superior solutions in terms of corporate compliance support. UBIC will continue to contribute to the further vitality of Japanese companies by providing high-quality services.
UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) is a leading provider of e-discovery and digital forensic services for Asia and the world. UBIC has extensive experience working with electronically stored information composed in Chinese, Japanese and Korean (CJK) languages and utilizes that expertise for clients involved in cross-border litigation, corporate investigations, intellectual property disputes and much more. At the forefront of e-discovery innovation, UBIC's proprietary Lit i View® platform is moving the industry from "fact discovery" to "future discovery" by allowing clients to analyze e-mail messages and digital communications found in big-data to reveal patterns in human thought and behavior.
Safe Harbor Statement
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