18746255. FLEXIBLE AUTHENTICATION simplified abstract (Wells Fargo Bank, N.A.)
Contents
FLEXIBLE AUTHENTICATION
Organization Name
Inventor(s)
Priyamvada Singh of San Francisco CA (US)
Jeff Cornman of San Francisco CA (US)
Melody Kao of San Francisco CA (US)
FLEXIBLE AUTHENTICATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 18746255 titled 'FLEXIBLE AUTHENTICATION
The patent application describes a dynamic and flexible authentication system based on interactions between a user device and a financial entity over a communications link.
- Different levels of interactions at the user device have distinct authentication policies.
- When an interaction is initiated, the corresponding authentication policy is accessed, and a security challenge is activated on the device.
- A successful response to the security challenge enables the continuation of the communications link, while an unsuccessful response disables the link.
Potential Applications: - Secure online banking transactions - Access control for sensitive information - Two-factor authentication for digital services
Problems Solved: - Mitigating unauthorized access to financial accounts - Enhancing user security and privacy - Preventing fraudulent activities
Benefits: - Improved security measures - Enhanced user authentication experience - Reduced risk of identity theft and fraud
Commercial Applications: Title: Enhanced Authentication System for Financial Transactions This technology can be utilized by banks, financial institutions, and online service providers to enhance the security of their platforms and protect user data.
Questions about the technology: 1. How does this authentication system compare to traditional password-based methods?
- This system offers a more dynamic and secure approach to authentication, reducing the reliance on static passwords.
2. What are the potential challenges in implementing this system across different devices and platforms?
- Ensuring compatibility and seamless integration across various devices and platforms may pose challenges that need to be addressed during implementation.
Original Abstract Submitted
Provided is dynamic and flexible authentication based on an interaction over a communications link between a user device and a financial entity. A set of interactions enabled at the user device are categorized into different levels, each level comprises a different authentication policy. At about the same time as an interaction is initiated at the device, an authentication policy assigned to the interaction is accessed and a security challenge is activated at the device. Based upon a successful response to the security challenge, an enablement of the communications link is continued. Based upon an unsuccessful response to the security challenge, the communications link is disabled.
