US Patent Issued to Citibank on Dec. 23 for "Controlling access to cryptographic resources using offline storage" (American, Israeli Inventors)

ALEXANDRIA, Va., Dec. 23 -- United States Patent no. 12,506,605, issued on Dec. 23, was assigned to Citibank N.A. (New York).

"Controlling access to cryptographic resources using offline storage" was invented by Biser Dimitrov (New York) and Boaz Bechar (Tel Aviv, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for controlling access to cryptographic resources is disclosed. The system may receive a request to transfer cryptographic resources between users, including a user identifier and a first cryptographic signature. The system may verify the signature and retrieve an encrypted private key from a key vault using the user identifier. A command to sign the request may be transmitted over a pr...