biocatch blog

BioCatch is a digital identity company that delivers behavioral biometrics, analyzing human-device interactions
to protect users and data. See how our customers employ our cloud-based solution to proactively collect and
analyze more than 2000 behavioral parameters to authenticate users and identify cybersecurity threats.

Money20/20 in Review: How Companies Can Enable the Future of Money

Nov. 21, 2019 | Featured, Digital Identity | by Ayelet Biger-Levin

In our first blog on Money20/20 USA , I reviewed the key messages and challenges presented in Las Vegas and explained key risks to digital identity. These risks that must be solved to enable the future of money are the security challenges surrounding digital transformation and the rise of the synthetic identity problem. My question for today is: What can service providers, vendors and financial institutions do about it? Three key themes were consistent across several sessions I attended.

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Insurance Fraud Prevention in the Age of Cybercrime

Nov. 12, 2019 | Insurance, Fraud Prevention, Featured | by BioCatch

As the insurance industry continues to digitize, companies are facing new threats from cybercriminals looking to make a profit by stealing insurance benefits or entitlements. Insurance fraud adds up to $40 billion in losses per year, costing the average American family $400-$700 in increased premiums, the FBI reports.

The sharp increase makes it clear that traditional methods of insurance fraud prevention are no longer effective. Passwords and two-factor authentication are unable to stop criminals, who are submitting fraudulent applications by using stolen or synthetic identities, taking over legitimate accounts to make false claims, or changing payee information to divert insurance funds.

We now live in the age of cybercrime, and insurance companies need authentication and detection solutions that can spot and stop fraud in real-time.

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Who’s Really On the Line? Protect Your Customers from Social Engineering Scams

Apr. 30, 2019 | Social Engineering, Featured | by BioCatch

Social engineering scams have been around for years, and have been mostly used for phishing and vishing (compromising user credentials). But cybercriminals have taken phone-based scams to a new level of sophistication — and it’s paying off.

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Mobile Authentication Just Became More User Friendly

Mar. 6, 2019 | Patents, Featured | by BioCatch

Companies have their eyes set on delivering marketing-leading digital experiences, but one major obstacle remains in the way — authentication.

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Leveraging Behavioral Insights for Online Identity Verification

Feb. 21, 2019 | Behavioral Biometrics, Featured | by BioCatch

Digital transformation has taken its hold in payments, banking, commerce, and beyond. But both the rapid transformation of processes and the rate of consumer adoption present significant challenges for businesses. One of the biggest questions of our day is how do you verify customer identity in a way that prevents cybercrime without disrupting the user journey?

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P2P Fraud & Fake Sellers

Apr. 20, 2018 | Fraud, Cybersecurity, Featured | by Uri Rivner

Peer to Peer payments have been around since the early days of digital commerce, and mobile P2P passed the $120 billion mark last year. One in three American consumers use P2P apps to make instant payments to friends, relatives, service providers, or anyone they owe money.

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