biocatch blog

BioCatch is a cybersecurity 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 500 behavioral parameters to authenticate users and identify cybersecurity threats.

10 Cyber Fraud Predictions for 2018

Jan. 8, 2018 | Fraud, Cybersecurity | by Uri Rivner

2017 seemed a dismal year for cybersecurity. Massive data breaches, new forms of malware and increasingly sophisticated social engineering attacks hit businesses and consumers at a steady pace.

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What Is Business Email Compromise? Lessons in Reducing CEO Fraud

Dec. 28, 2017 | Fraud, Cybersecurity | by BioCatch

A CFO at a cybersecurity startup receives an urgent email from his CEO, who happened to be on a business trip at the time. “David, we need to transfer $40,000 to X this morning to lock in a discount price from this supplier. The bank details are below. I will be in a meeting so please confirm with me by email it was done. Thank you.” The CEO returns to the office later that day and the CFO proudly tells him that the transaction has been completed.

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What Do Fraudsters Do on Christmas Day? 5 Holiday Scams to Watch Out for this Holiday Season

Dec. 22, 2017 | Fraud | by BioCatch

Though it may be one of the last things on your mind Christmas morning, fraud doesn’t stop for the holiday celebrations. It can even take place on Christmas Day, in the form of a well-targeted phishing attack. In fact, more than a quarter of holiday scams occur in November and December as consumers up their online spending. This year, an estimated £1.3 billion will be lost due to online shopping scams . That’s an average of £893 per fraud victim.

It’s no surprise that fraud rates soar during this busy time of year for purchasing. But in addition to spoofed websites, suspicious-looking ads and fake links, fraudsters have other ways of disrupting this season of giving and family — ones you may not have considered.

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The Uber Data Breach and the Future of Digital Security

Dec. 8, 2017 | Fraud, Cybersecurity | by BioCatch

Data breaches at major companies are not slowing down. Last month, Uber shocked cybersecurity experts and customers after disclosing a major data breach that revealed information on 57 million drivers and riders. Not only did Uber keep the breach secret, they paid the hackers a $100,000 ransom to keep quiet.

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Social Engineering Attacks: What’s Next in Detecting Phishing, Vishing & Smishing

Oct. 19, 2017 | Fraud, Social Engineering | by BioCatch

Social engineering is one of the fastest growing threats to a business’s cyber security. In social engineering attacks, a fraudster works to gain the confidence of a victim and manipulate them to hand over or enter personal, confidential information that can then be used to commit fraud online. In 2016, 60% of enterprises were victims of social engineering attacks. And phishing, a form of social engineering, accounted for 90% to 95% of all successful cyberattacks worldwide in 2017.

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Faster Payments Phase 2 Hits the U.S.

Sep. 14, 2017 | Fraud, Payments | by Scott Levine

The next phase of faster payments in the U.S. has arrived.  Beginning on September 15, same day payments will be available for virtually any ACH transaction.” This is because Same Day ACH is being opened up for debit entries.

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