Dynamic Pairing System for Mobile Financial Transactions
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Solution Overview
Problem
Existing information security systems for mobile financial transactions lack adaptability to changing security environments and risk scenarios, leading to increased vulnerability and delayed market entry for financial account issuers due to static security measures and labor-intensive risk assessments.
Innovation Solution
A dynamic pairing system using trust mediator agents that continuously detect changes in network security characteristics, allowing for recursive adaptation of security safeguards to maintain an acceptable risk level, enabling integration of new communication networks and user-centric security adjustments.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If static security measures are deployed in traditional security systems, then security safeguards can be implemented with minimal complexity, but the system lacks adaptability to changing security environments and risk scenarios
Solution Approach 1:
The patent implements dynamic security measures that automatically adjust based on detected security conditions. The system transitions from static security configurations to dynamic ones where security parameters are continuously monitored and modified in response to changing threats, enabling adaptation without manual intervention while managing complexity through automation.
Solution Approach 2:
The system incorporates continuous monitoring and feedback mechanisms that detect security conditions and feed this information back to automatically adjust security measures. This feedback loop enables the system to adapt to changing security environments by responding to real-time threat detection, resolving the contradiction between adaptability and complexity.
2Reliability
If labor-intensive risk analysis is performed for each new network component, then security risks can be thoroughly assessed, but the time-to-market for entering new markets is significantly delayed
Solution Approach 1:
The system performs automatic risk assessment through self-service mechanisms where the security system autonomously monitors, detects, and evaluates risks associated with new network components without requiring manual labor-intensive analysis. This automation maintains reliable security assessment while dramatically reducing the time required to integrate new networks and enter new markets.
Solution Approach 2:
The system implements preliminary risk assessment capabilities that continuously evaluate security conditions before threats materialize or before new components are fully integrated. This preliminary action enables the system to prepare security measures in advance, maintaining high security standards while accelerating market entry by avoiding delayed reactive analysis.
3Reliability
If security system modifications are implemented to respond to security breaches, then security vulnerabilities can be addressed, but maintenance windows or outages are required that disrupt service
Solution Approach 1:
The system implements preliminary security measures and continuous monitoring that detect and respond to vulnerabilities before they require system modifications. By taking preliminary action to patch and adjust security configurations in real-time, the system addresses security breaches without requiring maintenance windows or service outages, maintaining both security reliability and service continuity.
Solution Approach 2:
The system uses dynamic security configurations that can be modified in real-time without service disruption. Security measures are implemented as adaptable, movable parameters that can be adjusted during operation, allowing the system to respond to security breaches dynamically while maintaining continuous service, eliminating the need for static modification cycles that require outages.
4Reliability
If comprehensive security measures are deployed across all locations, then security coverage is maximized, but the complexity of managing different security environments increases significantly
Solution Approach 1:
The patent implements a universal security system that functions across all locations and network environments through a single unified platform. This multi-functional system adapts to different security environments automatically, providing comprehensive security coverage while simplifying management by eliminating the need for location-specific security configurations and reducing overall system complexity.
Data Source
AI summary
A system, method, and computer-readable medium for securing a mobile financial transaction are provided. A table matches each one of a plurality of transaction risk levels to a corresponding one of a plurality of required user trust scores, correspondingly. A financial transaction risk level associated with a financial transaction is computed. A user trust score associated with the user is computed based on user identification data associated with the user. The financial transaction risk level is matched to a corresponding one of the plurality of transaction risk levels stored in the table. The one of the plurality of required trust scores that corresponds to the corresponding one of the plurality of transaction risk levels stored in the table is identified. If the user trust score is greater than or equal to the identified one of the plurality of required trust scores, then the financial transaction is authorized.