Today, behavioral biometrics company BioCatch announced the opening of its own online art gallery featuring images of actual malware attacks on banking sites. Each painting is based on images generated using BioCatch’s cognitive biometrics platform, which is used to detect fraudulent activity in online commerce applications.
The art, attributed to the region where it was captured, each with a date of attack and a clever title like “Gray Matters” or “Jurassic Park.”
Benny Rosenbaum, BioCatch’s CEO, says, “We are very excited to share our findings in the ‘Art of Fraud’ exhibit so that the public can, for the first time, visualize and understand the ‘behind the scenes’ mechanism of online banking fraud.”
BioCatch can be used for more than just art that gives us all insight into the minds of malicious bots. It’s a behavioral biometric solution that works towards detecting humans on the other end of online transactions in order to prevent fraud. Collecting and analyzing more than 400 bio-behavioral, cognitive and physiological traits, the company’s solution creates user profiles for online banking and commerce sites.
In June, the company completed a $10 million financing round. At the time of the round’s completion, Rosenbaum stated that the funds will allow BioCatch to strengthen its offering while expanding its reach in global markets.
The recently released 2014 Market Guide for Online Fraud Detection, Gartner, Inc. singled out passive biometric analysis as a feature that will become increasingly more standard over the next three years. BioCatch was listed in the report as one of the vendors providing this specific kind of solution.
BioCatch’s art made by malware can be viewed on the company’s online catalog website. Those interested in hanging some on their office can arrange an appointment to receive printings via an in person sales meeting.
September 24, 2014 – by Peter B. Counter