17984499. SYSTEM AND METHOD FOR DETECTING AND PREVENTING AN IDENTITY THEFT ATTEMPT simplified abstract (Capital One Services, LLC)

SYSTEM AND METHOD FOR DETECTING AND PREVENTING AN IDENTITY THEFT ATTEMPT

Organization Name

Capital One Services, LLC

Inventor(s)

Dwij Trivedi of Oakton VA (US)

Abhay Donthi of Arlington VA (US)

Salik Shah of Washington DC (US)

Jennifer Kwok of Brooklyn NY (US)

Leeyat Bracha Tessler of Arlington VA (US)

SYSTEM AND METHOD FOR DETECTING AND PREVENTING AN IDENTITY THEFT ATTEMPT - A simplified explanation of the abstract

This abstract first appeared for US patent application 17984499 titled 'SYSTEM AND METHOD FOR DETECTING AND PREVENTING AN IDENTITY THEFT ATTEMPT

Simplified Explanation

The patent application describes a system and method for detecting and preventing identity theft attempts using biometric data and usage logs.

• Biometric sensor in wearable device tracks user's stress levels
• Smart device analyzes usage logs to determine if stress is justified
• Notifications are sent to user if stress is not justified, indicating a potential identity theft attempt

Potential Applications

This technology could be applied in various industries such as banking, e-commerce, and healthcare to enhance security measures and protect user information.

Problems Solved

This technology addresses the issue of identity theft attempts, specifically phishing and vishing attacks, by providing a proactive approach to detecting and preventing such incidents.

Benefits

- Improved security for user information - Real-time detection of potential identity theft attempts - User-friendly interface for notifications and alerts

Potential Commercial Applications

"Enhancing Security Measures in Banking and Finance with Biometric Data Analysis"

Possible Prior Art

Prior art in the field of biometric authentication systems and wearable devices may exist, but specific examples are not provided in the patent application.

How does the system ensure the privacy and security of the biometric and usage data collected from the user?

The patent application does not delve into the specific security measures in place to protect the sensitive biometric and usage data collected from the user.

What is the accuracy rate of the system in detecting identity theft attempts, and are there any known limitations or false positive/negative rates?

The patent application does not provide information on the accuracy rate of the system in detecting identity theft attempts or any potential limitations or false positive/negative rates.

Original Abstract Submitted

A system and method for detecting and prevent identity theft attempts, such as phishing, vishing or other similar attacks is disclosed. A smart device, such as a smartphone operates in tandem with a biometric sensor, such as is included in a wearable device like a smartwatch or fitness tracker. The wearable tracks certain biometric and/or physiological data that can be used to identify whether the user is in a stressed state. The smart device then accesses usage logs that may indicate whether the stressed state is justified, such as whether the user had a calendar appointment at that time, or whether the call was received from a known contact etc. Justifications reduce the likelihood that the user's stress is a result of an identity theft attempt, whereas lack of justification increases the likelihood. In the latter scenario, the user is notified not to divulge sensitive information.