Verizon Assigned Patent

Verizon Patent and Licensing, Basking Ridge, NJ, has been assigned a patent (8,583,943) developed by Thomas Lance Dodd, Monument, CO, for a “method and system for providing data field encryption and storage.”

The abstract of the patent published by the U.S. Patent and Trademark Office states: “An approach is provided for securely storing and managing sensitive data. A system and method are provided that include a central device that receives an actual data value from a requestor, encrypts the actual data value, obtains a replacement value for the encrypted actual data value, obtains a secondary replacement value based on the encrypted actual data value, and transmits the replacement value to the requestor for storage by the requestor. The system and method also includes a storage device for storing the secondary replacement value in association with the encrypted actual data value at a secure location. The requestor can later use the replacement value to retrieve the actual data value from the central device.”

The patent application was filed on March 13, 2012 (13/418,439).