If the recent malware reports are any indication, the rate of fraudster activities and sophistication are on the rise. With the Gooligan malware affecting over a million Google accounts through infected Android devices, and the new TrickBot Trojan hitting banks worldwide, these attacks are high profile and highly destructive to businesses and consumers. Fraud prevention and cybersecurity professionals need to find more comprehensive ways of combating emerging threats that go beyond traditional authentication methods, like behavioral biometrics.
Companies are turning to behavioral biometrics to expand their fraud detection and prevention capabilities beyond passwords and traditional biometric authentication. “With behavioral biometrics providing a powerful way to continuously authenticate users, analyzing how they interact with a device or application, our mission has evolved and expanded over the last several years to be able to recognize human and non-human criminal behavior alike,” said Avi Turgeman, CTO and co-founder of BioCatch. The ability to recognize authorized user behaviors across websites and applications, as well as detect fraudulent activity during a session from unrecognized user actions or by robot or malware injections, helps give companies a more holistic view of their digital security.
BioCatch is leading the behavioral biometrics market by building an IP portfolio of patented advanced technologies. With 8 new patents obtained this year, one of the ways that BioCatch’s technology is designed to prevent next-generation malicious automatic attacks from occurring is by using invisible challenges to create subconscious responses by users, and thereby allowing BioCatch to analyze those behavioral responses. The monitored interactions are used to detect attackers that utilize remote access channels, malicious automatic scripts, and malicious code injections, among others. Says Turgeman, “Our patents result in new capabilities that can outpace and outsmart cybercriminals and fraudsters, regardless of the methodologies they use to commit their crimes.”
Notable among this expanded IP portfolio is a recently filed patent entitled “System, Device, and Method Estimating Force Applied to a Touch Surface,” which covers technology that enables device makers to forego costly hardware components that are typically needed to estimate the force and pressure applied to touch surfaces on devices, such as smartphones, tablets and smartwatches. Measuring the pressure from touching a screen is an important capability for device makers today to enhance usability, as well as for application developers who could leverage this information to increase security and enable continuous authentication based on a user’s interaction with a screen.
“Our ‘touch-force’ patent, along with our entire IP portfolio represents true breakthroughs for our industry and they are the result of the almost obsessive focus we place on constant innovation to counter the increasing sophistication of cyberattacks” said Eyal Goldwerger, CEO of BioCatch.
This focus on expanding its patent portfolio speaks to BioCatch’s commitment to leading the behavioral biometric market through advanced technology that not only meet the fraud prevention and detection needs of companies today, but their future needs 2-5 years from now. By building a flexible platform and continuously looking for new behavioral information that can be collected from user interactions on a website and mobile device, BioCatch has its eyes on leading the behavioral biometric market for years to come.