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Last updated on April 24, 2014 at 17:35 EDT

Symbol-Based Authentication Software for Sale at ICAP Patent Brokerage Intellectual Property Auction

November 8, 2012

SAN FRANCISCO, Nov. 8, 2012 /PRNewswire/ –ICAP Patent Brokerage announces for auction a security passcode software portfolio from Pinoptic Limited, which includes assets using a sequence of symbols or images for authentication. This auction lot will be included in the 17(th) ICAP Ocean Tomo IP Auction on November 29, 2012, at The Ritz Carlton in San Francisco, California.

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“We are excited to be offering this improved security software to our global base of buyers. This technology could be an exclusive differentiator as it provides high-level security technology with quick, user-friendly access,” says Dean Becker, CEO of ICAP Patent Brokerage.

Key Characteristics & Benefits
This portfolio covers improved software for authenticating a user by providing secure and easy-to-memorize passcodes. In today’s technology-based world, applications such as smart phones, computers, tablets, building access, and ATMs generally require a passcode or Personal Identification Number (PIN) for validating the user. The IP for sale delivers Visual Probalistic One Time Password Technology (VPOTPT) designed for use with standard 10-element numeric key pads and related visual displays. The technology is configurable to have multiple symbols per keypad character and is simple to implement as no new device is required. The user selects any symbols or images for their password and the unique algorithms change the position of the symbols on the keypad each time the user logs in.

Escalating IT security threats and strengthening regulatory requirements are driving the adoption of multi-factor authentication to unprecedented levels. The technology available provides high-level passcode security, which prevents security breaches through casual observation or by key loggers, and is safer over open networks by sending a different 4-digit number every time. Therefore, one symbol-based code could cover all of an individual’s existing PIN requirements – debit/credit cards, internet/cloud security, access control, corporate IT and mobile verification. Plus, as a user’s passcode is in the form of personalized images that are easier to recall, this invention avoids the need to remember different numerical codes. This IP package is relevant for companies seeking new and improved methods of identification and verification to protect their products and services, and ultimately, their consumers.

Further, new and expanded multi-factor implementations are leveraging phone-based authentication instead of the often misplaced security tokens, which had previously dominated the multi-factor market. According to Goode Intelligence, an information security research and analysis firm, phone-based authentication will comprise 61% of the multi-factor authentication market by the year 2014. This portfolio provides a significant enhancement to mobile device authentication security and can be the easy-to-set-up-and-use codes for multi-factor implementation, i.e., what you know (personalized symbols code), what you have (mobile device), and where you are (location-based via mobile) or alternatives.

See this technical description of the security software IP sales offering.

To learn more about the assets available for sale in this portfolio:
Contact John Pryor of ICAP Patent Brokerage at +44(0)7587885131 or via email at John.Pryor@icap.com.

Register for the upcoming event or submit IP for consideration for the ICAP Patent Brokerage auction.

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About ICAP Patent Brokerage
ICAP Patent Brokerage is a division of ICAP plc and the world’s largest intellectual property brokerage and patent auction firm.

About ICAP
ICAP is the world’s leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.

SOURCE ICAP Patent Brokerage


Source: PR Newswire