VARIABLE RISK ENGINE

• US 20120096557A1
• Filed: 10/19/2011
• Published: 04/19/2012
• Est. Priority Date: 10/19/2010
• Status: Active Grant

• Current Assignee: The 41st Parameter, Inc. (Experian plc)
• Original Assignee: The 41st Parameter, Inc. (Experian plc)
• Inventors: Yalov, Raz, Britton, David, Eisen, Ori
• Granted Patent: US 9,361,597 B2
• Time in Patent Office: Days
• US Class Current: 726/25
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: H04L 2463/102 applying security measure for e-commerce
• CPC Class Codes: H04M 2203/6027 Fraud preventions

Abstract

The invention provides systems and methods for risk assessment using a variable risk engine. A method for risk assessment may comprise setting an amount of real-time risk analysis for an online transaction, performing the amount of real-time risk analysis based on the set amount, and performing an amount of time-delayed risk analysis. In some embodiments, the amount of real-time risk analysis may depend on a predetermined period of time for completion of the real-time risk analysis. In other embodiments, the amount of real-time risk analysis may depend on selected tests to be completed during the real-time risk analysis.

Claims

1. A method for risk assessment comprising:

setting an amount of real-time risk analysis for an online transaction;

performing, using a processor, the amount of real-time risk analysis based on the set amount; and

performing, using the processor, an amount of time-delayed risk analysis.

2. The method of claim 1 further comprising determining whether to continue with the online transaction after performing the amount of real-time risk analysis and prior to performing the amount of time-delayed risk analysis.

3. The method of claim 1 wherein the amount of real-time risk analysis is preset by a user, or automatically determined by a business process.

4. The method of claim 1 wherein the amount of real-time risk analysis is set by at least one of the following:

defining an amount of time, a type of online transaction, or one or more processes to run during real-time risk analysis.

5. The method of claim 1 wherein performing the amount of real-time risk analysis includes assessing available data related to the online transaction and selecting processes to perform based on said assessment.

6. The method of claim 1 wherein the amount of real-time risk analysis is zero.

7. The method of claim 1 wherein the amount of real-time risk analysis is greater than zero.

8. The method of claim 1 wherein the real-time risk analysis occurs within a predetermined period of time.

9. The method of claim 1 wherein the real-time risk analysis includes collecting, using the processor, network device information from a network device involved in the online transaction with a server comprising the processor.

15. The method of claim 1 wherein the real-time risk analysis includes collecting, using the processor, network device information from a network device involved in the online transaction with a server comprising the processor.

16. The method of claim 15, wherein the network device information is an IP address of the network device.

10. A system for risk assessment comprising:

an institution server; and

a network device in communication with the institution server,

wherein the institution server is configured to perform a risk analysis of the communication with the network device, and

wherein the institution server accepts an amount of real-time risk analysis for an online transaction with the network device;

performs the amount of real-time risk analysis based on the set amount; and

performs an amount of time-delayed risk analysis.

11. The system of claim 10, wherein the amount of real-time risk analysis is entered by a user.

12. The system of claim 10, wherein the amount of real-time risk analysis is provided from another network device.

13. The system of claim 10, wherein the amount of real-time risk analysis is set by at least one of the following:

defining an amount of time, a type of online transaction, or one or more processes to run during real-time risk analysis.

14. The system of claim 13, wherein one or more tests for real-time risk analysis are selected using the processor, based on the amount of real-time risk analysis.

17. A tangible computer readable medium comprising:

code for setting an amount of real-time risk analysis for an online transaction;

code for performing the amount of real-time risk analysis based on the set amount; and

code for performing an amount of time-delayed risk analysis.

18. The tangible computer readable medium of claim 17 further comprising code for determining whether to continue with the online transaction after performing the amount of real-time risk analysis and prior to performing the amount of time-delayed risk analysis.

19. The tangible computer readable medium of claim 17 wherein the amount of real-time risk analysis is set by at least one of the following:

defining an amount of time, a type of online transaction, or one or more processes to run during real-time risk analysis.

20. The tangible computer readable medium of claim 17 wherein performing the amount of real-time risk analysis includes assessing available data related to the online transaction and selecting processes to perform based on said assessment.