Sift Science. has been granted a patent for a machine learning method that detects automated online fraud and abuse. The method involves identifying digital events, creating activity signatures, and using an autoencoder model to classify these events, enabling targeted threat mitigation actions. GlobalData’s report on Sift Science gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Sift Science, AI-assisted threat classification was a key innovation area identified from patents. Sift Science's grant share as of June 2024 was 77%. Grant share is based on the ratio of number of grants to total number of patents.
Automated detection of online fraud and abuse attacks
The granted patent US12047401B2 outlines a computer-implemented method for detecting automated online fraud and abuse within an online computing environment. The method begins by sourcing digital event data related to user activities and extracting a set of features from this data. An autoencoder model is then employed to convert these features into an encoded graphical representation of the activity sequence. This representation is classified into one of several distinct categories of automated online fraud or abuse, utilizing a search query that navigates an n-dimensional space containing clusters of encoded graphs, each corresponding to specific types of fraud or abuse.
Further details of the method include the generation of vector embeddings from the extracted features, which are used to compute the encoded representation. The classification process involves mapping the encoded representation to relevant clusters and identifying those within a threshold distance. The patent also describes the construction of an automated fraud or abuse signature registry, which categorizes distinct activity sequences and associates them with specific fraud or abuse labels. Additionally, the method allows for the implementation of automated threat mitigation actions based on the classification results, enabling web-enabled services to either process or block digital event data depending on its classification as genuine or fraudulent.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
