MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202641051706 A) filed by Dr. Priti Mishra; Mr. Majid Shaikh; Mr. Praveen S; Mrs. Pooja Snehal Janwe; Ms. Shivani Kamboj; and Mrs. Soniya Komal V, Bangalore, Karnataka, on April 23, for 'a system and method for ai-driven fraud detection and risk mitigation in cryptocurrency wallet ecosystems.'
Inventor(s) include Dr. Priti Mishra; Mr. Majid Shaikh; Mr. Praveen S; Mrs. Pooja Snehal Janwe; Ms. Shivani Kamboj; and Mrs. Soniya Komal V.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "The present invention discloses a system and method for AI-driven fraud detection and risk mitigation in cryptocurrency wallet ecosystems. The framework integrates real-time data acquisition, feature engineering, and a hybrid artificial intelligence detection engine comprising supervised learning, unsupervised anomaly detection, and graph-based models to identify both known and emerging fraudulent activities. It further incorporates behavioral analytics to monitor user activity patterns and a dynamic risk assessment mechanism to assign risk scores to transactions. Based on these scores, an automated response management system executes mitigation actions such as transaction blocking, authentication prompts, or alert notifications. The system also includes a continuous learning mechanism to adapt to evolving fraud techniques and supports cross-chain analysis for comprehensive security. The invention enhances the accuracy, scalability, and reliability of fraud detection, thereby improving the overall security of cryptocurrency wallet environments."
Disclaimer: Curated by HT Syndication.
