Systems, methods and computer program products for securing electronic transactions

US11887124B2 · kind B2 · utility

Assignee

• MASTERCARD INTERNATIONAL INCORPORATED · US

Inventors

• Amit Somani · San Jose, US
• Padma Jadav · Vadodara, IN
• Raviraj Bhatt · Vadodara, IN
• Hemant Arora · Pune, IN
• Jaipal Singh Kumawat · Gothan, IN
• Ajay Panwar · Bhangrola, IN
• Sourabh Rajput · Gwalior, IN
• Paras Rashmikant Vanjara · Ahmedabad, IN

Key dates

• Filing date: Nov 25, 2020
• Grant date: Jan 30, 2024
• Expiry date: Feb 15, 2041

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L63/1483
• WIPO field: Digital communication
• WIPO sector: Electrical engineering

Abstract

The invention provides systems, methods and computer program products for securing electronic transactions and users of electronic transaction services from phishing attacks by malicious attackers and fraudsters. A terminal device receives a first data communication comprising an OTP associated with a requested electronic transaction, and identifies a validity period associated with the OTP. The terminal device responds to detection of a second data communication between the terminal device and a remote entity during the identified validity period, by extracting content from the second data communication. The extracted content is analyzed and a risk decision is generated based on output of the analysis of the extracted content. The risk decision determines whether the remote entity comprises, or is controlled by, a malicious attacker. Responsive to the risk decision determining that the remote entity comprises, or is controlled by, a malicious attacker, the terminal device may initiate a risk mitigation process.