18052747. Method and System for Detecting Two-Factor Authentication simplified abstract (Capital One Services, LLC)
Contents
Method and System for Detecting Two-Factor Authentication
Organization Name
Inventor(s)
Michael Mossoba of Great Falls VA (US)
Joshua Edwards of Carrollton TX (US)
Ljubica Chatman of New York NY (US)
Carlos Eduardo Rodriguez of Fairfield CT (US)
Method and System for Detecting Two-Factor Authentication - A simplified explanation of the abstract
This abstract first appeared for US patent application 18052747 titled 'Method and System for Detecting Two-Factor Authentication
Simplified Explanation
The patent application describes a system and method for assessing fraud risk. Here are the key points:
- The system includes a web browser extension that runs on a computing device.
- The extension identifies the account associated with the device.
- It detects when the device navigates to a web page hosted by a third-party server.
- If the server prompts the device to opt into two-factor authentication, the extension determines if the device opted in or not.
- If the device did not opt in, the extension prompts the organization's computing system to update a fraud metric associated with the account.
Potential applications of this technology:
- Fraud prevention: The system can help organizations identify and assess the risk of fraudulent activities by monitoring the opt-in status of two-factor authentication.
- Account security: By prompting users to enable two-factor authentication, the system can enhance the security of user accounts and protect against unauthorized access.
Problems solved by this technology:
- Lack of awareness: Many users may not be aware of the importance of two-factor authentication or may overlook the option to enable it. This system addresses this problem by actively monitoring and prompting users to opt in.
- Fraudulent activities: By updating the fraud metric associated with an account, organizations can better identify and prevent fraudulent activities, protecting both themselves and their users.
Benefits of this technology:
- Enhanced security: By encouraging users to enable two-factor authentication, the system improves the overall security of user accounts.
- Fraud detection: The system's ability to update the fraud metric based on the opt-in status provides organizations with valuable information to detect and prevent fraudulent activities.
- User awareness: By actively prompting users to enable two-factor authentication, the system increases user awareness of the importance of account security.
Original Abstract Submitted
Embodiments disclosed herein generally related to a system and method for assessing a fraud risk. In one embodiment, a method for assessing a fraud risk is disclosed herein. A web browser extension executing on the computing device identifies an account associated with the computing device. The web browser extension detects that the computing device navigated to a web page hosted by a third party server. The web browser extension determines that the third party server prompted the computing device to opt into two-factor authentication functionality. The web browser extension determines that the computing device did not opt into the two-factor authentication functionality. The web browser extension prompts, via an application programming interface (API), an organization computing system to update a fraud metric associated with the account.
