The global insurance market is a multi-trillion-dollar market worth more than $4.5 trillion in gross insurance premiums (2015). In 2016, the gross insurance in premiums in the U.S reached $2.67 trillion with $1.5 trillion in paid claims.
NACHA’s announcement of same-day ACH (Automated Clearing House) payments will benefit both businesses and consumers whose payments are eligible for same-day transaction processing. This is how BioCatch is supporting this change.
Cross-channel fraud is an advanced attack method in which the fraudster steals a user’s credentials and personal information from one channel, in order to commit fraud in an associated channel and/or account. BioCatch has developed effective methods to thwart these attacks.
New Account Fraud is usually the gateway to many other follow-on crime and is a growing concern for businesses that process transactions online. This is how BioCatch prevents New Account Fraud with behavioral biometrics.
With cyber attackers becoming much more sophisticated, security measures must get smarter too. The key is to implement security measures that continuously monitor and test the authenticity of users in ways that are difficult to replicate.
One of the major retailers in Latin America experienced a surge in online fraud and review costs. BioCatch was able to detect new user fraud in real-time, lower the review rates considerably, and provide immediate ROI.
A leading UK bank searched for a cutting-edge technology to authenticate more than 1.5 million users. BioCatch was able to provide a 100% frictionless solution to meet this need.
BioCatch was deployed in a top-5 UK retail bank with over 5 million users. BioCatch demonstrated a fraud detection rate of 95% with a FP rate of less than 1%.
This top-50 US banking group, a leader in big data analytics, has more than 500,000 customers and more than 300 offices around the world. BioCatch was able to reduce friction and fraud for the bank’s end-users.
BioCatch helps a top-5 UK bank to detect remote access Trojan (RAT) attacks in real-time and spot anomalous user interactions.
New account fraud is usually the gateway to many other criminal activities and is a growing concern for businesses that processes transactions online. Our solution uses behavioral biometrics to detect new account fraud by recognizing criminal behavior and being able to distinguish those behaviors from those of normal users.
BioCatch is a cybersecurity company that delivers behavioral biometrics, analyzing human device interactions, to protect users and data. Banks and other enterprises use BioCatch to significantly reduce online fraud and protect against a variety of cyber threats, without compromising the user experience.
Is there a RAT in your browser? Learn how BioCatch detects Remote Access Trojan (RAT) attacks in real-time.
As mobile devices eclipse computers and laptops as the preferred method of going online, fraudsters have followed this trend as well. BioCatch is able to secure this channel through behavioral biometrics.
The need for speed. Learn how BioCatch is securing faster payments.