Personal Data Credential Selection for Secure Electronic Transactions
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Solution Overview
Problem
The increasing use of electronic transactions has heightened concerns about the security and management of personal and financial data, as users face challenges in recalling multiple authentication credentials and managing sensitive information across various devices and transactions.
Innovation Solution
A system and method that utilize a server with a processor and memory to store user profiles, which includes instructions for selecting appropriate credentials and authentication methods based on the origin of requests, transaction values, and data management rules, ensuring secure access and dissemination of user data while simplifying the recall of credentials through a rules engine and ontology engine.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If customers use different authentication information for separate accounts to increase security, then security is improved, but the difficulty of recalling authentication information increases
Solution Approach 1:
The patent segments authentication information by organizing it into multiple profiles, each containing credentials for different accounts or contexts. This allows customers to store and access multiple sets of authentication information systematically rather than trying to recall all credentials from memory, thus maintaining security while improving recallability.
Solution Approach 2:
The patent introduces an intermediary system (the authentication system with profile storage) that acts as a mediator between the customer and multiple authentication credentials. This intermediary manages and retrieves the appropriate credentials based on context, reducing the cognitive burden on customers while maintaining security requirements.
2Productivity
If personal and financial data becomes more distributed to facilitate electronic transactions, then transaction efficiency is improved, but the security risk increases
Solution Approach 1:
The patent applies local quality by distributing data across multiple profiles with different security characteristics. Each profile can have specific access controls and security measures tailored to the type of data it contains, allowing efficient access to appropriate data while maintaining security through localized protection mechanisms.
Solution Approach 2:
The patent changes security parameters dynamically based on the context of data access requests. The system can adjust authentication requirements, access permissions, and security measures according to the specific profile being accessed, the type of data requested, and the transaction context, thus enabling efficient transactions while maintaining appropriate security levels.
Data Source
AI summary
The present disclosure is directed to a system and method to manage data flow in a network. The method can include storing a plurality of profiles of a user, wherein each profile includes user data. The method can also include receiving a request for a portion of user data. The method also includes selecting a type of credential, at least partially based on: an origin of the request, the user data requested, a transaction value, a plurality of data disbursement rules, or any combination thereof.