Spoofed Credentials for Coerced Fund Transfer Security
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Solution Overview
Problem
Existing banking systems lack a secure mechanism to simulate fund transfers without actual transactions, particularly in situations where users are coerced into transferring funds, and there is a need for a way to notify authorities during such threats.
Innovation Solution
A digital banking system that allows users to set up a fake account tied to a fake password, enabling the appearance of fund transfers without actual transactions, while simultaneously alerting authorities of potential threats through GPS or other means.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a real account with real password is used for fund transfers, then actual transactions can be performed, but users are vulnerable to coercion and theft
Solution Approach 1:
The system segments the account access by creating two distinct modes: a real account mode for legitimate transactions and a fake account mode for security protection. Users can switch between these modes by entering different passwords, allowing them to maintain both security and accessibility without compromising the real account information.
Solution Approach 2:
The fake account serves as an intermediary between the user and potential threats. Instead of directly protecting the real account, the system introduces a fake account that absorbs coercion attempts, thereby protecting the real account indirectly while maintaining normal transaction capabilities.
2Reliability
If a fake account is created to prevent coercion, then user security is improved, but the system complexity increases
Solution Approach 1:
The system merges the real account and fake account functionalities into a single banking application interface. Both accounts share the same user interface, transaction processing logic, and security protocols, reducing the need for separate systems and minimizing overall complexity despite the dual-account functionality.
3Adaptability or versatility
If the fake account balance is made customizable, then user control is improved, but the device complexity increases
Solution Approach 1:
The system performs preliminary configuration by setting a default fake account balance during account setup. Users can optionally customize this balance later through a simple interface, but the preliminary default configuration reduces the immediate complexity burden while maintaining user control and adaptability.
Data Source
AI summary
A system for using spoofed credentials for enhanced security in digital applications. The system includes a back-end server operating a digital application and having a processor for processing data and information, a communications interface communicatively coupled to the processor, and a memory device storing data and executable code. When the code is executed, the processor can allow a user to set up a fake account tied to a fake password having a fake account balance, where the fake balance is not actual funds, allow the user to determine or customize the fake account balance to be in the fake account, display the fake account having the fake account balance when the fake password is entered, and allow the user to appear to transfer funds from the fake account to an external account, but not actually transfer the funds.