Earlier this month, Frost & Sullivan released a new report that emphasized the growing importance of behavioral biometrics, arguing that it “will become the main identity verification element in two factor or multifactor authentication.” Now BioCatch is following up with a blog post that highlights the more tangible benefits of the technology.
In the post, the behavioral biometrics specialist shared three use cases that demonstrate how behavioral biometrics can help prevent fraud during digital transactions. The first concerns an anomalously large shipment of straws that was supposed to be sent to an island with only 11,000 people, while the others concern frequent travelers and the sharing of credentials.
In each case, BioCatch explained how its behavioral biometrics solution is able to analyze the way a device’s user inputs information – including speed and typing patterns – to verify the identity of an individual regardless of the location or the device being used. If someone seems to be slower than usual, for example, they’re probably not as familiar with the information and are more likely to be a fraudster.
Thankfully, BioCatch is able to step in and block fraudulent transactions before they occur, which is why Frost & Sullivan gave the company its Award for Product Innovation in 2017. Since then, BioCatch has consistently worked to educate the public about the benefits of behavioral biometrics and passive, frictionless security.
June 25, 2019 – by Eric Weiss