Patent and Licensing

Top 4 Patented Identity Theft Protection Solutions

Financial fraud has increased substantially over the last half a decade.

Increased use of smartphones and internet penetration have seen more consumers opt for digital banking.

Factors such as speed and convenience have led to increasing dependence on online financial transactions. As a result, credit card fraud has been on the rise.

The growth of the identity theft protection services market has been attributed to increased adoption of online payments together with related frauds.

The e-commerce sector is thriving.

As a result, online payments have spiraled in growth over the years. With growth of e-commerce services and increasing penetration of the internet worldwide, identity theft continues to occur. This drives the market’s general growth.

Governments have taken measures to protect people from identity theft.

For instance, the United States created the BuySecure initiative to act as a task force against identity theft in the nation.

Similarly, Europe experiences fraudulent activities in large numbers in the following ways:

  • Phishing activities that trick people to steal their personal information
  • Stealing of postal mails
  • Malicious software activities

The European Network and Information Security Agency (ENISA) was created as an EU agency to fight identity theft in various European countries. It fosters the functioning of network and information security to protect the data and identity of EU citizens.

Increasing demand for AI technologies will drive the general growth of the industry. Good examples include the IBM Watson and DeepCode identity theft protection services based on AI.

Identity Theft Continues to Rise

Fraud has increased and continues to do so with records of 15 to 20 billion cases of stolen identities over the last half a decade. The situation continues to worsen.

And…

This has more consumers opting for identity protection services.

According to a Javelin Strategy & Research report published in 2018, over 14.4 million Americans have been victims of identity fraud.

Moreover, the Consumer Sentinel Network under the Federal Trade Commission reported that identity fraud rose by 19.8% in the previous year. According to the 2017 FTC report, identity theft occurs mainly in the following ways:

  • Tax-related fraud
  • Credit card fraud
  • Bank fraud
  • Utilities fraud
  • Phone fraud
  • Medical ID theft
  • Smartphone account information fraud

With your smartphone account information, a fraudster can call your financial institution to make a password reset request.

Upon receiving a two-factor identification code to your smartphone, the fraudster gets access to your bank account. This gives the criminal control over your account just as you do.

4 Major Identity Theft Protection Solutions that Have Been Patented

  1. LifeLock

LifeLock provides a detailed suite of digital security tools for protection from identity theft, including other security services.

Pros of LifeLock

  • Provides a 60-day money back guarantee on yearly plans
  • Offers Norton 360 protection for computers and other devices

Cons

  • Family plans cost an additional $5.99 for each child
  • More costly plans than other solutions on the market

Available plans with Norton 360 include:

  • Select
  • Advantage – funds reimbursements and identity theft monitoring
  • Ultimate Plus – detailed plan with unlimited personal device security, three bureau credit monitoring and reporting, and reimbursement for expenses and stolen funds.
  • Identity Guard

Based on IBM’s Watson computer system, Identity Guard scans the World Wide Web to offer you safe tools for browsing the internet. It offers protection from online banking, shopping and payments related frauds.

It features an anti-phishing mobile app to protect your smartphone from identity theft.

Pros of Identity Theft

  • Offers safe tools for browsing when banking, shopping or making payments online.
  • AI scans millions of social media posts and articles daily to detect potential threats.

Cons

  • Offers credit reports annually
  • Doesn’t offer a particular computer tool package

Available plans include

  • Value – offers basic identity theft protection, alerts, $1 million insurance for reimbursements and a dedicated case manager in the U.S.
  • Total – alerts, monthly credit score and three-bureau credit monitoring.
  • Premier – offers social media monitoring and three-bureau credit reports.

Opt for LifeLock if you’re looking for options targeting your devices and computers for protection from identity theft. However, Identity Guard focuses mainly on offering plenty of ways to access online fraud protection against identity theft when doing online transactions.

  • ID Watchdog

The ID Watchdog solution also fights identity theft. It’s patented for offering three-bureau reporting at a cost of $19.95. Other family plans also available include:

  • ID Watchdog Plus – alerts, Equifax credit monitoring and basic identity protection services.
  • ID Watchdog Platinum – offers three-bureau credit scores and monitoring and credit reports.

Pros of ID Watchdog

  • Customized identity monitoring is offered under the Platinum plan at $19.95.
  • Trained specialists offer support to members who’ve been victims of identity theft.

Cons

  • Subscriptions lack security tools for computers.
  • Offers no money-back guarantee or free trials

4.) Identity Force

Identity Force offers various security services aimed at identity theft protection. They include:

  • Cyber-fraud protection
  • Medical ID fraud
  • Two-factor authentication fraud

Pros of Identity Fraud

  • Basic plan includes social media identity monitoring
  • Offers extensive protections and a junk mail opt-out
  • A credit score simulator is available under the UltraSecure+Credit plan

Cons

  • Has only two plans
  • Provides no refund for cancelled services

Available plans include:

  • UltraSecure with up to two months free on annual plans
  • UltraSecure+Credit with credit scores and reports, three-bureau credit monitoring, and a credit score simulator and tracker.

The family plan covers two adults and offers unlimited protection for children under 26 years living in the same household. It features a ChildWatch program for protection against children’s identity theft.

The program is available under all plans and covers:

  • Child identity monitoring.
  • Alerts for unfamiliar alias, name or address linked to your kid’s social security number.
  • $1 million insurance against identity theft.
  • Social media identity monitoring.
  • Fully-managed identity recovery services.

Patenting of the Solutions All these identity theft protection services have been patented to protect them from being copied by other companies. They all enjoy intellectual property rights protection.

Patent and Licensing

7 Things That Can’t Be Patented in the United States

A patent is the grant of a property right to an individual or establishment. It excludes others from using, making, offering for sale, or selling the product in the United States, and importing it into the country. Patents generally last for twenty years, with mandatory maintenance fees at specific intervals. If you’re considering applying for a patent, it’s essential to find out tips and information on licensable patents and consult experienced patent attorneys.

Types of Patents

According to the United States Patent and Trademark Office (USPTO), there are three basic types of patents.

Utility Patents: They’re granted to anyone who discovers or invents any new and useful machine, process, article of manufacture, or any useful and new improvement of such.

Design Patents: This patent is granted to anyone who invents a new, original, and ornamental design for an article of manufacture.

Plant Patents: anyone who invents or discovers and asexually reproduces any distinct and new variety of plant.

Necessary Elements for Acceptable Patents

For an invention to be patentable, it should be established as new. This statement means that it must not be described in a printed publication. Also, it shouldn’t be in public use, on sale, or otherwise available to the public before the effective filing date. Hence, there must have been no disclosure of the said invention, such as a presentation at a scientific meeting, a speech or lecture, a trade show demonstration, a radio statement, a YouTube video, or other online material.

Rules to Follow

An invention is unpatentable if it has no sufficient difference compared to existing inventions, products, or designs. The request will be refused if you can’t prove uniqueness and non-obviousness to individuals with the necessary skills in the patent field. Such differences include changes in size and substitution of one color for another.

You must demonstrate an aesthetic or functional utility, depending on whether you’re applying for a design or a utility patent. Provide a comprehensive explanation of the design or invention, with details and specific examples.

Things That Can’t Be Patented

People generally believe that anything can be patented but aren’t aware that there are limitations. Some things can’t be patented for specific reasons like the ability to execute them or questions of morality. They are discussed below.

1. Software and Business Methods

Innovations that only constitutes a computer program or a rule or method for carrying out business procedures can’t be patented. That’s because they aren’t technical. Such business methods include advertising, risk assessment, online services, and computer-based share trading. Nevertheless, if the invention were to be technical and includes a business method, or is operated by a computer program, it can be patented.

2. Biotechnological Products

Biotechnology benefits the medical, agricultural, and food industries. Therefore, there’s a possibility of obtaining patents on genetically modified products. Still, human cloning methods are deemed unethical and, as a result, can’t be patented. Other non-patentable biotechnological inventions are discovered parts of organisms and plant varieties and animal breeds, which are new species.

3. Medical Methods

Products and devices for practicing medical methods can be patented. However, the methods themselves can’t. According to law, a patent must not prevent medical practitioners from curing and preventing illnesses. Also, because of genetics and other individual peculiarities, the methods could have different effects on different patients. They are, therefore, not reproducible and can’t be patented.

4. Ideas

Patents can’t be obtained on mere ideas or suggestions. Even though there need not be a working prototype, something tangible like a description of a machine is required. Before a patent can be issued, there must be something that demonstrates the usefulness and functionality of that idea. Being specific, like providing diagrams, may provide better chances of getting a patent.

5. Laws of Nature

The courts’ interpretation of the law has defined limits to the field of subject matter that can be patented. It, therefore, holds that laws of nature and physical phenomena can’t be patented. They include routine, regular activities, even though not previously well-understood. An example is the law of gravity, as proposed by Isaac Newton or Albert Einstein’s general relativity theory. Similar to that is the fact that naturally occurring substances can also not be patented.

6. Mathematical Equations and Formulas

Mathematical formulas and equations perform lots of functions and provide numerous explanations. Regardless, a mathematical equation or formula can’t be patented, even if you discovered it. That’s because they appear to be abstract ideas and not inventions. However, if the equation presents an applicable concept that meets the general patent requirements, then it can be obtained. According to law, only “hard math” is patentable.

7. An Unexpected Patent

Several people ask about the patenting of recipes, and according to law, they have at least three components of a patentable innovation. Hence, if they meet the qualifications, they can be patented. For example, there’s a rave of the ketogenic diet these days, but it’s tasking for busy people always to prepare their meals. If a company produces a pre-packed meal containing ingredients in adequate quantities to be unique, it could be patented. An added advantage will be if this product helps to improve physical performance.

Licensing, Tips

5 Reasons Why You Need to Patent Your Electronics Business

It takes time and money to innovate and create a brand in the electronic business. Some entrepreneurs take advantage of using their resources to make profits on other investors’ sweat. It is this background that patent policy came about.

In simple terms, this is a policy that safeguards your product from external use- selling, buying, and importing – without your consent. The infringement of this leads to legal compensation that no company wants to be a party.

The electronics business is sensitive and needs proper care before you are thrown out of the market. People associate with a brand. If you do not patent, someone makes the exact make of the appliances and even patents it.

It is a legal case that you can’t win. Licensing the business should be the first move you make once you intend to sell to the public.

  1. Gain a monopoly

With a patent to the business, you have all the legal rights to put a price that you so wish when you have the market demand. A patented tankless water heating company can produce on-demand water heating appliances without fear of a loss. You are in control of what happens to the specific brand of devices.

You dictate the wholesalers and retailers on the price you want to sell the product. Without this, someone gets your product and puts up a buying price of choice without considering the inventor’s intention.

A monopoly is a concept in business that you trade-in when you have no competition. Once you are the only person who manufactures a specific electronic, why not take advantage and make money out of it? Prevent selling without licensing

  1. Own copyrights

You have all the rights to ownership of the product. For example, no entrepreneur can make any other stove of similar innovation. If he has to do that, then he must seek your consent.

The patent includes the name and novation as a package. With the rights at your disposal, you are at liberty to dictate the market, the pricing, and competition. Furthermore, it gives you business leverage to an extent you can file infringement suits and win with- the legal suit compensation is very high.

Do you know people patent a digital solution to make money out of copyrights and not necessarily get to the mainstream business?

  1. Increase your market share

Licensing and patent come in handy as a business strategy, especially for the small and micro-medium enterprises. You may lack the resources for mass production, yet your competitor has the capacity.

He can use that to throw you out of business within a short period. It acts as a barrier to enter a lucrative market. The main disadvantage of patency is the fact you have to unleash your innovation as part of the patent policy document. Investors can use it to make better and similar electronics to your disadvantage.

  1. Creates business harmony

A case study of business rivalry between Sony and LG brand of electronics against Samsung saw the fall of Samsung in the premium TV business. The competition had cost implications.

The giant companies used all their marketing resources not only to sell but also to make sure Samsung controls the lowest market share. The end of the war was a merger between the two companies on the market territory.

 In addition, there was an agreement that Samsung to move to a different business set up without interference of the other companies. That is how they managed to thrive in the phone production business.

  1. Prevents unnecessary competition

No business is out to make losses. They use whichever means to ensure they increase their business profits. Once they notice the competitor ignored the patent policy, they may even apply and have it as their own.

As the original business owner, your hands are tied on how to go about it. You have to compete with them. The situation worsens when they have marketing resources than you. You may not handle the competition.

As much as a patent is the best route to safeguard your innovation. It comes with its share of disadvantages. Some of them include

  • It’s expensive
  • Consumes a lot of time
  • You surrender technical information which can be used against you
  • Has high maintenance costs

The advantages override the disadvantages, especially when you look at it from a long term perspective. In the electronics business, you may not deal with the adverse effects of not securing your invention.

People are on the lookout for that loophole to use it against you. Let this be part of your business plan. Make sure you are always ahead of the competition as much as it takes time and money.

Tips

Research and development for motorcycle helmets

Motorcycle accidents are fatal when you lack the right protective gear. Most nations have a policy for motorcycles to prevent these fatal accidents. A helmet is one such gear that it is must-have gear for whether it is a policy or not. Manufacturers design different helmets to suit the weather as well as a specific population. There are two main types and open and a closed helmet. Whatever the choice there are basic principles that should guide you when choosing one. The seven main ones include.

The shape and size of your head

Just like the fingers, the head comes in different sizes. This is the reason the helmets are also categorized as small, medium and large helmet sizes. The size determines your comfort when riding even in difficult places. A good helmet should not be too small that will cause friction or tool large that will keep on hanging all over.

Must have an adjusting strap

To maintain the fitness of the helmet then you need to adjust using the strap such that it helps to keep in shape and retain the position to give you all the comfort and peace you need when riding. The strap is an elastic string that comes in handy to make sure it fits in the right place- not too small or too large.

Must have a good cushion

The cushion is not just for aesthetic value but it is to aid in preventing shock and friction when in impact. Moreover, it also comes in handy to regulate the temperature based on the prevailing weather conditions at that particular time. This is the main material that comes in handy when it comes to protection against any injury to the skull- the main of the body responsible for all body functions.

Quality standards mark

We live in a society and in business, some entrepreneurs love shortcut by all means. They find a way of circumnavigating through the low to produce a substandard product is that find there a way to the market. You must make sure the helmet of choice has all the standard marks; an indication that it has undergone all the tests and proven to meet all the required regulations.

Has a clear visor

As much as it protects the skull, your eyes must be protected too but also visible enough. This is also a crucial part of a helmet since the eyes are required for vision at the same time you need to prevent them from excess wind, dust, and insects. It should have a clear motorcycle helmet glasses with no lens to aid in proper sight.

Helmets are just a small part of the protective gear. Other body parts also need to be protected from extreme weather as well as injuries; this includes the best motorcycle helmet for glasses, pants, gloves, goggles among others. Protection starts with you as a motorist, never take chances even if you are just riding to get groceries at the nearest store or you are going for a motorcycle road trip.

Licensing

Health Business Ideas and Licensing

There are several health business ideas and licensing you to need to try. The different health care business ideals will require you to obtain licenses. You need to know the local authorities responsible for offering the licenses. If you can implement the different business ideas, then you can easily make money. You need to fulfill all the licensing requirements before you proceed to set up the business because healthcare is a sensitive field.

Health Business Ideas and Licensing

  1. Alternative Health-Care Center
    • People prefer using different approaches to treat different health complications. For example, there are those who will prefer aromatherapy and herbal medicine to treat their health complications. The business idea can be run as a franchise or even start a small business and start your own business. It can offer you great returns when running well
  2. Dietitian
    • The field of diet and nutrient has great potential. In order to boost good health, people are turning to good nutrition. If you have the necessary experience in running the business, then you can easily achieve great success if you opt for the business. You can as well run the business as a part-time venture or even opt for a franchise model. The business will require you to set up a location because it can be tricky working on it online. It is among the best Healthy Heroics business ideas you can try.
  3. Selling First-Aid Kits
    • Selling first aid kits and other supplies used to perform first aid is another great venture you can try. The business opportunity will make you interact with different people in the health care industry where you can sell the products. The business is easy to operate and it can be easily run from home hence saving you on the running cost. You can as well operate it as a part time venture.
  4. First-Aid Training
    • People need to learn on how they can administer first aid. You need to come up with a course where you can train people. Even if you are involved in other activities such as your job, you should as well invest in the online training where you can reach out to people who will pay you to access the services. You should as well make plans and offer the training online or on a part time venture if you are already involved.
  5. Fitness Center
    • With a fitness center, you will train people to stay fit which will lead you to making money. The fitness center will require you to invest in fitness tools among other issues such as licensing. The fitness center should be well equipped to allow people work out who will then pay you. If you can offer quality services, then it will be easy to attract more people to your business which can lead to making more money.
  6. Health Seminars
    • People need to learn on how they can live healthy lives. The business is easy to run; you need to advertise your business so that you can attract more people who can subscribe to your business. With a health seminar where many people have subscribed, you can easily make a lot of money. You should as well ensure the seminar offers people useful tips.
Tips

Patent Application For A Bike Helmet

Patents are an authority or license that enables the owner to exclude others from replicating the invention. Patents are important in the current world since they allow renovation while protecting them from infringement.

The patent being filed could cover one country or more. The application is usually made at the patent office which has the jurisdiction to grant a patent the designated geographical area. If the specifications are met as required by the laws governing the office, a patent is usually granted for the invention. The act of negotiating with the patent office for the grant of a patent is called patent prosecution. Note it should not be confused with patent litigation which involves legal proceedings for infringement of a patent after it is already granted.

In this case, we check the process of patenting a bike helmet. We all have come across bike riders on the roads or in the neighborhood wearing a foldable helmetwhich is meant for minimization of the effects in case of accidents or falls. They are quite many types in the market, and if you walk to your local store or supermarket, there is a good chance of finding such They are also available in online stores like Amazon, Jumia. Most of them look fancy with good designs, but what are they made of exactly? Well most of them are made using composite hard shells, with layers of fiberglass or even Kevlar fiber laid up in epoxy. The inside is usually soft foams that offer protection for the head while on the outside a hard plastic. Another common characteristic is that they have air circulation inside so as to prevent heat buildup unless of course, it is very cold.

Disadvantages include.

Hindering the riders vision which is risky (depends with the design though). Some people argue that in most accidents the head is not much affected compared to the rest of the body. Unfortunately, there is no solution to this However, we can advise you to be very keen and avoid over speeding literally.

So assuming you have a nice design of your own helmet and you would like to file a patent but do not know what to do you are in the right place. It could feature new technology not currently implemented, who knows. So the initial and important step is to choose the right patent. There are various types of patents such as utility patents meant for new or useful inventions, provisional patents which secure temporary patent status (usually one year) and design patent which secures an ornamental design. After that initial stage carry out the following steps

Stages in patenting

  • Step 1: Document the two stages of the invention which are; conceiving the idea (the helmet in our case) and development of the idea. Document each stage. Explain how your new helmet will do what it is supposed to do clearly. Keep all documents safely as it is better than having nothing to show for it
  • Step 2: Keep your idea as confidential as possible. Unless you want someone to steal your hard thought ideas for their own merit, it happens.
  • Step 3: Conduct a patent search just in case. Someone could have had a similar idea as you earlier and decided to publish it
  • Step 4: Find a patent office and make an application. Be sure to make no mistakes as it could be costly. The process involves legal minds. You could do it yourself or hire an attorney to do it for you though it may be costly. However, you will lose the benefit of having an experienced lawyer help. Choose wisely depending on the situation.
  • Step 5: Note that patents are expensive and you might want to make returns of the investment. Talk with investors worth your time.

Tip: Even if your investor turned you down you would have valuable information concerning what your patent is worth and what is next.