Mobile apps, online banking, P2P payments, and more are delivering the simple and fast online experiences today’s consumers desire from their financial institutions. However, many fraud detection solutions continue to undermine the customer experience, adding unnecessary friction in the quest to reduce account takeover, new account fraud, and social engineering attacks.
Say goodbye to fraudsters, and hello to BioCatch, the industry leader in behavioral biometrics solutions. BioCatch uniquely analyzes more than 2,000 physical and cognitive behavioral attributes to address various use cases in the digital lifecycle. Typically used for account takeover fraud detection, identity proofing and risk-based authentication, behavioral biometrics has become a key component for driving secure and seamless online experiences.
BioCatch was founded in 2011 as the pioneer in behavioral biometrics. Since then, we have taken off in so many ways, changing the face of the industry and in how identity fraud and authentication is managed. Here’s a quick look at some statistics on how we measure our success:
Despite their known vulnerabilities, one-time passwords remain one of the most widely used forms of two-factor authentication. From SIM swaps to phishing, malware, and a whole host of man-in-the-middle attacks, weaknesses in OTP security are putting customers, and businesses, at great risk.
If you were in San Francisco last week, you would have wondered where the RSA Conference actually was. Personally, I spent a total of 90 minutes in the BioCatch booth over the course of the three days, and much more time outside Moscone Center than on the show floor. That being said, when I was at the trade show proper, there was a continuous crowd, lots of good buzz and conversation, and a palpable energy around when next generation information security will arrive.
Device ID was one of the first methods organizations used to prevent fraud and authenticate users. It’s still in widespread use, but device authentication isn’t nearly as strong an identity solution as many think.
