BioCatch called attention to the growing threat of new account fraud during a recent webinar with Aite Group Research Director Julie Conroy. Also referred to as application fraud, new account fraud describes fraud that is carried out through new accounts that are created with synthetic identities, many of which are generated with stolen personal information.…
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FindBiometrics is reporting live from Las Vegas this week, where the biometrics and digital identity industries are converging on Money20/20 USA – the world’s preeminent financial services conference. On Monday, FindBiometrics President Peter O’Neill spoke with Frances Zelazny, Chief Strategy Officer of renowned behavioral biometrics specialist BioCatch. The live interview begins on the topic of…
BioCatch has added a slew of new features to its flagship behavioral biometrics platform. The new Policy Manager will help companies craft policy guidelines for specific situations, while the Case Manager will help security professionals investigate individual cases that require further review. The company will also be providing customers with much greater insight into…
Endeavor Worldwide CEO Patrick Hearn has written a guest article for BioCatch that details some of the shortcomings of the US government’s approach to identity. The article specifically takes issue with static identity information like date of birth and social security number, which is often readily available to those who would use it for malicious…
Government biometrics appears to be the theme of the week in FindBiometrics’ latest roundup of top stories. More specifically, three of this week’s top five concern government agencies’ use of biometric technology to identify individuals in their charge. Perhaps the biggest story of these concerned a new draft Request for Quote from the US Customs…
BioCatch is once again highlighting the advantages of behavioral biometrics in a new blog post that details two case studies in which the BioCatch platform was used to stop more complex forms of fraud. In the post, the company notes that many anti-fraud solutions protect a single access point, either with a password or a…
BioCatch’s Frances Zelazny is calling attention to a particularly pernicious form of fraud, in which fraudsters clone invoices and send duplicate emails in which all of the information is exactly the same, except for the desired payment destination. The victim thinks they’re paying a legitimate invoice, but is instead sending a large payment to an…
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…
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,…
“Behavioral biometrics provides us with one of the strongest tool sets for continuous transparent user evaluation.” – Ben Goodman, SVP Global Business and Corporate Development, ForgeRock Six weeks after BioCatch‘s behavioral biometrics system went live on the ForgeRock Marketplace, the company has published a new interview with an executive from the latter to delve into…
The BioCatch Chief Strategy and Marketing Officer traces the evolution of identity, privacy, and design BioCatch’s Frances Zelazny has shared some insights in a new blog post that looks back at twenty years in the biometrics industry. The company’s Chief Strategy and Marketing Officer specifically focused on identity, privacy, and design, noting how the prevailing…
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…
Jorge Aguilar Perez shared some insights on the cybersecurity market in Latin America with a quick Q&A on BioCatch’s blog. Perez is the BioCatch Sales Director for Mexico, Central America, and the Caribbean, and explained that the region’s high rates of mobile penetration and mobile payments coupled with weak digital infrastructure make many Latin American…
BioCatch has elaborated on the nature of its new partnership with Entersekt, taking to its blog to explain how the two companies are working together to improve the mobile banking experience. The company noted that while digital banking apps need to be just as engaging as consumer apps, they also face higher scrutiny and need…
“Adding BioCatch’s technology to the mix will enhance [Entersekt Secure Platform’s] value, with up to 2,000 parameters coming into play to verify end users based on their behavioral patterns.” BioCatch has teamed up with South Africa-based FinTech specialist Entersekt, with the latter integrating its behavioral biometrics technology into its Entersekt Secure Platform. The platform already…
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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…
“BioCatch’s approach here is notable for not needing to rely on specialized hardware, making it another one of the many behavioral metrics – the company says it uses 2,000 of them – that can be analyzed by BioCatch’s technology via a software-based approach.” BioCatch has further solidified its IP holdings with a newly granted patent,…
Financial security is important. It can also be frustrating when a transaction gets declined while you’re using your own credit card. According to BioCatch, false declines – that is, legitimate transactions that are flagged as potentially fraudulent – have a footprint 13 times bigger than the cost of fraud itself, a number that reflects the…