US Patent Issued to Bank of America on Aug. 18 for "Keyless key management system using deterministic key derivation function (KDF)" (Indian, American Inventors)

ALEXANDRIA, Va., Aug. 18 -- United States Patent no. 12,712,723, issued on Aug. 18, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Keyless key management system using deterministic key derivation function (KDF)" was invented by Jemlin Lucas (Coppell, Texas), Suryanarayana Adivi (Hyderabad, India) and Pushkar Taneja (Hyderabad, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Keyless key management systems that dynamically generates encryption keys on demand using a Deterministic Key Derivation Function (KDF) are disclosed and eliminate the need for stored encryption keys. The system derives unique, session-specific encryption keys based on a combination of biometric data, time-based one-time p...