While banks have always seen security and fighting fraud as a key priority, they’ve also been eager to adopt innovative solutions like behavioral biometrics out of a concern for customer service and operational efficiency, says BioCatch Head of Analytics Dr. Shira Mintz. In an interview on the company’s blog, Mintz says banks are “in a…
Behavioral Biometrics Month at FindBiometrics culminated with an expert webinar on Wednesday, April 26. The presentation, moderated by FindBiometrics President Peter O’Neill, starts with the latest market research from Maxine Most, Principal, Acuity Market Intelligence, providing an overview of the current behavioral biometrics market. Most is then joined by Ryan Wilk, Vice President, Customer Success,…
The inaugural K(NO)W Identity Conference is underway in Washington, DC, and as one would expect from an event aimed at shaping the future of identity, biometrics are playing a major role. Biometric authentication is being taken for granted in many of the conversations occurring at K(NO)W, often with fingerprint authentication on a smartphone mentioned as…
BioCatch has won the 2017 Global Frost & Sullivan Award for Product Innovation. The company was recognized for its behavioral biometrics technology, which analyzes patterns in user behavior to assess potential fraud threats, an emerging digital security field of which BioCatch has proven to be a pioneer. Commenting on the company’s win, Frost & Sullivan’s Ram…
Security based on behavioral biometrics can offer a considerable return on investment, BioCatch says. And to prove it, the company has launched an ROI calculator for organizations considering implementing the technology. In a blog post announcing the ROI calculator, BioCatch cites Experian, its new credit specialist partner, in asserting that as much as 10 percent…
Behavioral biometrics expert BioCatch is raising the alarm over new account fraud with a new blog post. It’s a sucker-punch style of fraud in which a digital identity is stolen to create a new account that can be exploited, such as a new credit line. Citing data from Javelin, BioCatch reports that 1.5 million people…
“BioCatch VP Frances Zelazny will discuss this technology in FindBiometrics’ upcoming webinar on the topic…” Credit information specialist Experian will integrate BioCatch‘s behavioral biometrics technology into its CrossCore identity security platform, the companies have announced. The technology, which assesses patterns in user behavior for authentication security, will be used to further counter the threat of…
While numerous vendors at this year’s ISC West security expo continue to demonstrate the utility of traditional biometric modalities like fingerprint scanning and facial recognition, a new kind of biometric technology is poised to take a growing place in the spotlight: behavioral biometrics. Based on the subtle behavioral patterns emerging from how users behave online…
“By using a range of analytics including metrics based on how users interact with their devices, rather than relying purely on user credentials, such systems offer an alternative means of authenticating transactions and assessing risks.” BioCatch is raising the alarm over a new kind of malware that doesn’t rely on computer files as its bases of…
“Nuance says the solution has already helped one major UK bank reduce account takeover by 59 percent within 30 days of its implementation…” Nuance is integrating BioCatch‘s behavioral biometrics technology into its platform, the companies have announced. The aim is to boost the fraud detection capability of the Nuance Security Suite, which is primarily based…
FindBiometrics President Peter O’Neill recently spoke with Frances Zelazny, Vice President of Marketing, BioCatch. The conversation starts with a look at research suggesting that behavioral biometrics are on the verge of becoming a mainstream modality and then takes a look at the most interesting of BioCatch’s many key patents. The interview then delves into the…
“The excitement was also reflected in FindBiometrics’ 2016 Year in Review, in which survey respondents ranked behavioral biometrics, tied with iris scanning, as the third most exciting biometric modality…” BioCatch is celebrating the rise of behavioral biometrics as a key security solution. In a new blog post, the company notes that a new report from…
BioCatch now has more than 40 granted and pending patents, marking what has been “a banner year” of IP growth, according to a statement from the company. The company acquired nine new patents this year, including one covering a system of estimating the pressure applied to a device without the need for special additional hardware,…
A malware family dubbed Gooligan has compromised over a million Google accounts and is thought to be reaching 13,000 new devices per day. According to a BioCatch blog post, the malware finds its way into a user’s device through a third party app or phishing, and then steals an authorization token of a Google account…
A UK bank serving more than 14 million customers has been testing BioCatch’s behavioral biometrics technology and is getting ready to expand its use. NatWest has been trialing the tech with some of its business customers since the start of the year, and it’s evidently going well. In a statement, NatWest Chief Administrative Officer Simon…
BioCatch has launched a new version of its flagship behavioral biometrics platform. The company’s eponymous BioCatch 2.0 now sports improved scalability, enhanced threat detection, faster processing, and a revamped interface for its analytics feature. BioCatch says its platform uses over 500 metrics to create unique user profiles for visitors to clients’ websites. Some of those…
Israel-based BioCatch has a new CEO: Eyal Goldwerger has taken the helm, aiming to guide the company through an intensive growth phase. BioCatch is aiming to be a pioneer in the growing field of behavioral biometrics. Its platform uses a complex combination of behavioral, physiological, and cognitive patterns for user authentication, and in a statement announcing…
Israel-based behavioral biometrics startup BioCatch has been invited to present at the Visa Europe Innovation Exchange on September 9th, the company has announced. BioCatch representatives will participate in the forum while on the same day others deliver their presentation, “Behavioral Biometrics – a Disruptive New Approach to Catching Fraudsters”, at the Microsoft Ventures Innovation Fest.…
Behavioral Biometrics While many biometric modalities focus on a single physical characteristic that can be measured and matched – be it a facial characteristic, fingerprint, the sound of your voice or even your heartbeat – behavioral biometrics are more elusive. The way that you interact with the world both online and off is characterized by…
Last week at FindBiometrics we continued our month long examination of Invisible Biometrics while the industry news was diverse and exciting. Headlines about the FBI’s NGI program, international government deployments, finance and major biometric innovations highlighted just how dynamic the biometrics industry has become. Here is a look back on the week’s top stories: Invisibility…
Behavioral biometrics developer BioCatch has received approval for two new US patents, the company has announced. One of the patents, called “Method and Device for Confirming Computer End-User Identity”, is for a method of authenticating users by analyzing their interactions with on-screen cues in a process the company calls “Invisible Challenges”. The other patent, called…
Market research firm Research and Markets has released a new report on the growing behavioral biometrics market. Entitled “Keystroke Dynamics – Global Strategic Business Report”, the study analyzes 16 companies in the market, technological developments, industrial activity, and the overall global perspective. The researchers are tight-lipped about their findings in a synopsis, but did indicate that…
Risk management and fraud prevention firm Early Warning has announced a strategic partnership with behavioral biometrics firm BioCatch. Their collaboration is aimed at offering solutions for financial services organizations (FSOs) to cut down on fraud and digital vulnerabilities while improving customer service. The idea is to use Early Warning’s unique consortium business model – the…
Behavioral biometrics developer BioCatch has launched a new platform called New Account Fraud Detection. It’s pretty much what the name implies – a system on the lookout for fraudulent new user accounts in the areas of electronic commerce and payments, and retail banking. Essentially, the system maps user behaviors, comparing unusual activity against the behavioral…
Israel-based behavioral biometrics developer BioCatch has received approval for a major US patent. The company says that the patent, “System, device, and method of detecting identity of a user of a mobile electronic device,” is the basis for its authentication technology. BioCatch’s system is mobile-based, authenticating users for mobile payment and banking transactions via what the…