Bank of America Corporation
AUTOMATED THREAT ASSESSMENT SYSTEM FOR AUTHORIZING RESOURCE TRANSFERS BETWEEN DISTRIBUTED IOT COMPONENTS

Abstract:

Systems, computer program products, and methods are described herein for a centralized resource transfer engine for facilitating resource transfers between distributed IoT devices. The present invention is configured to receive, from a first autonomous IoT device, a transaction authorization request; receive information associated with the first autonomous IoT device, information associated with the second autonomous IoT device, and information associated with the transaction; determine a first device profile associated with the first autonomous IoT device; determine a second device profile associated with the second autonomous IoT device; determine a first exposure score for the first autonomous IoT device; determine a second exposure score for the second autonomous IoT device; determine whether the first exposure score and the second exposure score are within a predetermined authorization threshold level; and determine that the first autonomous IoT device is authorized to execute the transaction with the second autonomous IoT device.