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.
Monitoring user behavior is one of the best ways to detect cyber attacks and fraud in real time. In recent years, user and entity behavior analytics (UEBA) and behavioral biometrics have emerged as two promising fields in the world of cybersecurity. Though both focus on detecting anomalous user behavior, there are critical differences between the two.
Traditional authentication solutions can be a major hindrance to user experiences. Stronger security simply doesn’t play well with ease of use for consumers.
Earlier this month, The European Banking Authority (EBA) issued new guidance on the implementation of the regulatory technical standards (RTS) on strong customer authentication (SCA).
Traditional online identity verification solutions are failing to stand up to today’s fraudsters. In 2016, more than 25% of identity theft fraud involved the use of stolen information to open new accounts.