BehavioSec has updated its behavioral biometrics platform ahead of the European Union’s upcoming PSD2 compliance deadline. Version 5.1 of the platform offers better mouse recognition and anomaly detection, in addition to other accuracy and authentication upgrades. The upgraded platform also guards against fraud associated with new accounts. BehavioSec 5.1 will compare the behavior of a…
The online security specialist Buguroo is the latest addition to NICE Actimize’s rapidly expanding X-Sight Marketplace. The Marketplace was set up to offer approved products and solutions that will help reduce the threat of financial crime for providers of financial services. The listing of Buguroo comes only days after Facebanx was added to the X-Sight…
The US Federal Reserve System has released a new White Paper that calls attention to the growing threat of synthetic identity fraud. The paper defines a synthetic identity as one that combines false information – such as a fake name or date of birth – with legitimate information like a social security number that has…
Singapore’s Group-IB has been listed as a Representative Vendor in Gartner’s 2019 Market Guide for Online Fraud Detection. The cybersecurity specialist was specifically recognized for its Secure Bank/Secure Portal platform, which has been deployed by a number of different banks and online retailers who collectively serve more than 70 million customers. Secure Bank/Secure Portal is…
Goode Intelligence has published a new White Paper that highlights the importance of secure digital identity verification. Titled “The Digital Identity Problem – Solving the issue of trust,” the free paper suggests that reliable verification is essential because enterprises need to know the identities of their customers in order to safely do business with those…
Featurespace is launching a new behavioral biometrics platform to help financial institutions spot and prevent fraudulent transactions in realtime. Dubbed Adaptive Behavioral Biometrics, the solution was announced at this week’s Money 20/20 Europe conference and will be available through Featurespace’s ARIC Fraud Hub. “We’re attuned to the evolution of fraud and leverage our market-leading…
Money20/20 Europe will run from June 3rd to 5th at Amsterdam’s RAI Exhibition and Convention Centre. FindBiometrics Will be reporting live from the show with interviews and breaking news. BehavioSec will be at next week’s Money20/20 Europe event in Amsterdam, and will enjoy a particularly high profile thanks to a slot for the company’s CEO…
The Vystar Credit Union is upgrading its contact center security with Verint’s anti-fraud technology. The latter’s Identity Authentication and Fraud Detection platform uses behavioral biometrics and voice biometrics to analyze the speech and navigation patterns of people calling into the contact center and assess the validity of a call before it ever reaches a VyStar…
BioCatch is warning about the dangers of corporate fraud in the wake of the FBI’s 2018 Internet Crime Report. The company specifically highlighted the threat of Business Email Compromise (BEC) attacks and Remote Access Trojan (RAT) attacks in a new blog post, both of which can be mitigated with the help of behavioral biometrics. Of…
“Our partnership with BioCatch eliminates the complexity involved when implementing behavioral biometrics.” – Ben Goodman, Senior Vice President of Global Strategy and Innovation, ForgeRock BioCatch‘s behavioral biometrics platform is now officially available through the ForgeRock Marketplace, the company has announced. It’s a development that has been in the works for several months. During the Gartner…
Adjust has launched a new Unbotify anti-fraud solution to crack down on in-app bots that have been programmed to simulate human behavior. “Bots can affect all apps in a number of ways,” said Adjust Co-Founder and CTO Paul Müller. “They can attack gaming apps’ communities or ruin their virtual currency economy, steal credit card data or…
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Behavioral biometrics are a powerful identity tool that can be used for frictionless authentication and anti-fraud purposes, and as new advances in AI, mobility and connectivity emerge, the invisible modality is evolving to serve even more applications. To learn more about the latest advances in behavioral biometrics, FindBiometrics Managing Editor Peter Counter spoke with a…
A lot of biometric security specialists say they can help businesses to reduce fraud and save money, but Nuance Communications is backing up its own particular value proposition with some numbers: The company says that its Nuance Security Suite saved organizations over $1 billion collectively over the course of 2018. The solution combines voice recognition,…
“And when a transaction is deemed suspicious, FSS Secure3D supports step-up authentication using fingerprint or facial recognition, or One Time Passcodes.” Mumbai-based Financial Software and Systems, or FSS, has announced a new secure payments solution that leverages behavioral analytics and biometrics for user authentication. Called FSS Secure3D, the solution is designed to be compliant with…
As the biometrics landscape continues to evolve, various next generation authentication modalities are emerging to better best serve the specific security and convenience needs of relying parties. Among these new modalities is gesture biometrics, like those offered by Biometric Signature ID, a leader in this new frontier of identity and authentication. Susan Stover, Director of…
These days, voice phishing – or vishing – is an increasingly lucrative scam. It’s also becoming more difficult to identify. Successful scammers are able to pose as a legitimate representative of an organization like a government or a bank, right down to the phone number and company logo in the call log. Thankfully, behavioral biometrics…
“Vishing, a type of APP fraud, is one of the hardest social engineering scams to detect because it’s essentially a person defrauding him or herself while under the influence of a con artist.” – Avi Turgeman, Founder, CTO, Vice President of Business Development, BioCatch BioCatch has further enhanced the AI capabilities of its behavioral biometrics…
“2018 witnessed the largest increase in attempted ID fraud in five years and this highlights why organizations need to use more sophisticated digital identity verification solutions to take extra precaution during the online account opening process, especially during the holidays.” – Philipp Pointner, Chief Product Officer, Jumio After a bit of a lull in 2017,…
BioCatch is making the case for behavioral biometrics security in the insurance industry. In a new blog post, the company asserts that the biggest fraud threat that insurance companies face online is new account fraud, with criminals either appropriating real accounts or creating fraudulent ones from stolen data. From there, they can get away with…