My Patent Lawsuit Thoughs
First, I am not a lawyer and I do not know a lot about patent law. I am also pretty new to investing in stocks....
The lawsuits from https://search.rpxcorp.com/litigation_documents/12021144
17. Defendant Trustwave has infringed claims 53 and 54 of the ’698 Patent in this district and elsewhere by making, using, offering for sale, or selling systems and methods for out-of-band authentication, all in violation of 35 U.S.C. § 271(a). Defendant Trustwave has infringed claims 53 and 54 of the ’698 Patent in this District and elsewhere by making, using, offering for sale, or selling systems and methods for out-of-band authentication, including the Trustwave Managed Two-Factor Authentication product, which are offered for sale and sold in this District and elsewhere.
http://www.google.com/patents/US8484698
From U.S. Patent No. 8,484,698:
53. A software method for employing a multichannel security system to control access to a computer, comprising the steps of:
receiving in a first channel a login identification demand to access a host computer also in the first channel;
verifying the login identification;
receiving at a security computer in a second channel the demand for access and the login identification;
outputting from the security computer a prompt requesting a transmission of data;
receiving the transmitted data at the security computer;
comparing the transmitted data to predetermined data; and
depending on the comparison of the transmitted and the predetermined data, outputting an instruction from the security computer to the host computer to grant access to the host computer or deny access thereto
54. Apparatus for implementing a multichannel security system to control access to a computer, comprising:
a device for receiving a login identification and demand to access a host computer, wherein the device and the host computer are in a first channel; and
a security computer in a second channel for receiving the login identification and the access demand and outputting a prompt requesting a transmission of data once said login identification is verified by said security computer,
wherein said security computer comprises a component for receiving the transmitted data and comparing said transmitted data to predetermined data, such that, depending on the comparison of the transmitted and the predetermined data, said security computer outputs an instruction to the host computer to grant access to the host computer or deny access thereto.
(Correct me if i am wrong here)
This seems to indicate that SFOR is not suing on biometrics or 2FA, they seem to be suing on Out-Of-Band authentication infringement. The biometrics are also in the patent, but that is not what SFOR is going after with the 3 current lawsuits as far as i can tell.
53 and 54 are for Out-Of-Band because it uses a 2nd "channel" to authenticate. The 2nd channel would be like the codes generated by the Google Authenticator, a RSA token code, Okta Verify, Battle.net Authenticator (Blizzard), or even a SMS text. Basically being authenticated using a separate device than the site/software you are trying to access.
I work in IT and we currently use RSA SecureID and Okta. This sounds like the exact the way they work (and i am pretty sure most OoB are the same).
If 53 and 54 hold up in court this stock will go nuts. (Plus we have products that are pretty cool)
Am i off base in my thinking?
Side Note: if you look at the images in the patent, the forth fromt he right is spot on for OoB.
SFOR for the WIN!!