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.

Behavioral Biometrics: Securing the Digital Transformation in the Insurance Industry

Feb. 15, 2018 | Insurance | by BioCatch

Digital Journal recently highlighted how BioCatch behavioral biometrics are allowing insurance companies to undergo digital transformation with less risk to their business and customers. The article cited our recent white paper, Digital Transformation in the Insurance Sector, reiterating the challenges insurance companies face as they look to offer enhanced digital capabilities.  

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Insurance fraud prevention in the age of cyber crime

Oct. 12, 2017 | Insurance, Fraud Prevention | by BioCatch

As the insurance industry continues to digitize, companies are facing new threats from fraudsters looking to make a profit by stealing insurance benefits or entitlements. Today’s cyber criminals are using stolen/synthetic identities to obtain fraudulent policy applications, take over legitimate accounts to make false claims, or change payee information to receive insurance funds. Online insurance fraud of this kind results in an annual cost of approximately $40 billion, costing the average American family $400-$700 in increased premiums.

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