Imagine this - two purchases have been made on your credit card today. One is for $4,000 at Tiffany's; the other is for $40 at the petrol station. Which of the two could be the result of your credit card details being stolen?
Today's fraud monitoring system may see your Tiffany purchase as more "suspicious" and if you have signed up for the service, your bank would even send you an SMS or called you about the charge. The $40 petrol station purchase, on the other hand, would fly under the radar.
But in the future, your "digital guardian angel" will know that 1) your tank is full; 2) you are currently in the office and therefore your car is not being used; and 3) you've been researching the price of diamond rings ... so, the $40 spend is probably more fraudulent than the $4K Tiffany purchase.
This "digital guardian angel" is technology that IBM Research and its partners are working on now and is one of our annual "5 in 5" predictions of how the way we work, live and play will change in the next 5 years because of technology innovation.
Security is evolving from being rule-based (e.g $4000 is more suspicous than $40), to more cognitive. This means that security will be based on learning about THE SUBJECT. The "digital guardian angel" for example, will learn and analyse from the individual's online behaviour patterns, take in other information such as fingerprints and facial recognition ... and then track anomalies and give a warning when there is a breach.
As we continue to generate more data and put more of our lives online, imagine how useful this "digital guardian angel" will be, to protect us. So, is there such a thing? I believe so.
Want to know more... visit http://ibm.com/5in5.