Patent ID: 9070146
Filing Date: 2015-06-30
Classification: G06F,G06Q

Abstract:
1. A method for authenticating online transactions, the method comprising: receiving an online transaction request from a user; accessing a plurality of profile parameters associated with the user, the plurality of profile parameters including at least a peer user profile parameter of a peer user who is associated with the user in an online community, the peer user being associated with the user in the online community as a friend of the user in the online community, a colleague of the user in the online community, or a relative of the user in the online community; comparing each profile parameter in the plurality of profile parameters with their respective subdivided levels to obtain assigned weights corresponding to the profile parameters; determining, by a computing device, a risk parameter indicating a level of trustworthiness of the user based on at least the assigned weights of the profile parameters by collating the assigned weights of the profile parameters, and averaging the assigned weights of the profile parameters; and authenticating the online transaction request based at least in part on the risk parameter associated with the user.