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Method for increasing Internet password security

Summary

Identity theft and fraud affect millions of people and cost tens of billions of dollars in the United States alone. Online, password-protected information is especially vulnerable to hackers looking to capitalize on consumers’ tendency to use the same password across multiple sites. Multi-factor identification, which requires more than one form of identification to access online information, is becoming more prevalent in an attempt to combat online identity theft. This technology is a method for increasing password security by using multi-factor authentication that requires users to log onto more than one website to access online information and also employs decoy passwords for the sites. It is more secure than traditional password authentication and less expensive than other third-party verification methods.

Technology Benefits

Decreases likelihood that stolen passwords can be used to access informationCheaper than third-party verification methodsMitigates risk of password re-useMitigates risk of large-scale data/password leaksMore convenient than other multi-factor identification platformsPatent Information:Patent Pending (WO/2015/047555)Tech Ventures Reference: IR CU14129

Technology Application

Protection of an individual’s online information Protection of computerized information like files and folders

Detailed Technology Description

None

Country/Region

USA

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