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BofA Introducing Real-Time Security Vulnerability Indicators for Users

AI Cybersecurity 2019 Patent Forecast®

May 14, 2020

Bank of America (BofA) has received a new patent for an information security vulnerability assessment system. The two-component system is able to detect security vulnerabilities for users, generate a coherent vulnerability level for the user in real-time, and provide user-specific mitigation actions depending on the vulnerability assessment. This is performed using a combination of an information threat assessment engine and an analytics engine.

BofA appears to be increasing user awareness of potential cybersecurity threats, falling in line with their new policy towards Zoom Video Communications Inc.'s conferencing application (requiring employees to first receive permission to use the app). Phishing attacks remain the most common means for attackers to gain entry into networks, so this technology should go a long way in reducing cybersecurity threats and attacks faced by the banking industry.


Relevant Patent Documents

Patent 10652264  


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Cyberattacks impose considerable costs on the economy. Virtually every industry in this information economy, such as aerospace and defense, healthcare, retail, telecom, entertainment, manufacturing, banking, financial services and insurance (BFSI), is concerned with their Cybersecurity. According to a recent Gartner forecast, worldwide spending on information security products and services is expected to grow to $93 billion in 2018. The global Cybersecurity market is projected to reach a size of $165.2 billion by 2023, growing at a CAGR of 10.7%.

AI Cybersecurity 2019   Patent Forecast®

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Cyberattacks impose considerable costs on the economy. Virtually every industry in this information economy, such as aerospace and defense, healthcare, retail, telecom, entertainment, manufacturing, banking, financial services and insurance (BFSI), is concerned with their Cybersecurity. According to a recent Gartner forecast, worldwide spending on information security products and services is expected to grow to $93 billion in 2018. The global Cybersecurity market is projected to reach a size of $165.2 billion by 2023, growing at a CAGR of 10.7%.