Company Filing History:
Years Active: 2015
Title: Prakash Santhana: Innovating Credit Card Fraud Prevention
Introduction
Prakash Santhana, an inventive mind based in Amawalk, NY, has made a significant contribution to the field of cybersecurity with his patent for a credit card fraud prevention system. As a key member of Deloitte Development LLC, Santhana’s work focuses on enhancing mobile transaction security, a critical area in our increasingly digital world.
Latest Patents
Santhana holds a patent for a credit card fraud prevention system and method. His invention involves a mobile computing device that transmits URLs of websites browsed by the device user to a scoring server. This server compares these URLs against the URL from recent transaction data. By calculating a score reflecting the similarity between the URLs, the system can predict the likelihood of a fraudulent transaction. Furthermore, it can score the browsed URLs against a database of known fraudulent websites. In real-time, the system generates a notification about the legitimacy of a transaction, allowing users to accept or decline the transaction immediately.
Career Highlights
At Deloitte Development LLC, Prakash Santhana has leveraged his expertise in technology and security to develop innovative solutions that protect consumers during online transactions. His patent showcases his commitment to enhancing digital security and user trust in financial interactions.
Collaborations
During his tenure at Deloitte, Santhana has collaborated with professionals like Jared Scott Miniman and Joseph Lee Johnson. Together, they have worked on various projects aimed at improving cybersecurity measures and advancing the practices within financial technology.
Conclusion
Prakash Santhana’s dedication to developing effective systems for credit card fraud prevention underscores the importance of innovation in safeguarding consumer transactions. His patent not only exemplifies his inventiveness but also addresses critical concerns in the ever-evolving landscape of digital finance. As the need for robust security solutions continues to grow, Santhana's contributions will undoubtedly play a pivotal role in shaping the future of secure online transactions.