Partnership provides passive authentication for enhanced customer identity and access management, preventing new account fraud and account takeover attacks, while preserving the user experience
NASHVILLE, TENNESSEE – April 29, 2019 – BioCatch, the global leader in AI-driven behavioral biometrics, announced today at the annual ForgeRock Identity Summit Americas that its behavioral biometrics-based digital identity solution is now available on the Forgerock Marketplace. Combining BioCatch’s industry-leading solution with ForgeRock’s Intelligent Authentication technology makes it easy for ForgeRock clients to implement passive authentication and prevent account takeover attacks for a better customer identity and access management experience.
Unlike one-time passwords and other static means of authentication that are easily circumvented or spoofed by today’s sophisticated fraudsters, BioCatch monitors the entire digital identity lifecycle, from account creation to login and beyond, providing continuous authentication throughout an online session. In the process, BioCatch analyzes more than 2,000 parameters, and, if it detects activity that matches the behavioral profile of a fraudster, sends an alert to the ForgeRock Identity Platform. This reduces unnecessary escalations and maintains a seamless user experience. Other benefits include greater consistency and visibility across multiple digital channels, as the solution supports both web and mobile applications.
“Behavioral biometrics is entering the mainstream, as it is the only way to answer consumer demands for continuous security, privacy and convenience. As attention turns to implementation and scale, the BioCatch-ForgeRock integration demonstrates how it is not only possible, but easy, for organizations to deploy this technology,” said Avi Turgeman, Co-Founder and CTO of BioCatch. “Just as we aim to enable secure and seamless online experiences for end users, we are also committed to working with partners that make it easy for CISOs to implement our market-leading technology into their environments.”
While 100% of the fraud that BioCatch sees today occurs after the login, reflecting the threat of account takeover attacks, a recent Aite Group Impact Report highlights the growing trend towards seamless authentication as well as consumers’ desire to avoid unnecessary friction when transacting online. Behavioral biometrics is highlighted as one of the leading technologies that can address the paradox and provide a solution that addresses the need for security as well as user convenience. BioCatch has emerged as the industry leader in this space, with an unparalleled patent portfolio and an approach that works across the digital lifecycle.
“As behavioral biometrics becomes a must-have in the authentication suite, it requires integration into an orchestration and provisioning layer so that alerts are properly managed and streamlined into the organization’s overall workflow. Our partnership with BioCatch eliminates the complexity involved when implementing behavioral biometrics,” said Ben Goodman, Senior Vice President of Global Strategy and Innovation at ForgeRock. “With tier-one customers around the globe and a proven ROI, BioCatch has set the standard for behavioral biometrics as a key component of next generation digital identity frameworks, and ForgeRock is one of the primary platforms enabling the enterprise to easily adopt it.”
ForgeRock® is the Digital Identity Management company transforming the way organizations build trust and interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform™ as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the Internet-of-Things. ForgeRock serves hundreds of brands, including Morningstar, Vodafone, GEICO, TomTom, and Pearson, as well as governments such as Norway, New Zealand, and Belgium, among many others. Headquartered in San Francisco, California, ForgeRock has offices in Austin, London, Bristol, Grenoble, Munich, Paris, Oslo, Singapore, Sydney and Vancouver, Washington. ForgeRock is privately held, backed by leading global venture capital firms Accel Partners, Foundation Capital, Meritech Capital and KKR. For more information and free downloads, visit www.forgerock.com or follow ForgeRock on social media.
BioCatch is a digital identity company that delivers AI-driven behavioral biometrics, analyzing human-device interactions to protect users and data. Banks and other enterprises use BioCatch to significantly reduce online fraud and better manage online identity verification, without compromising the user experience. With an unparalleled patent portfolio and deployments at major financial institutions and global enterprises around the world that cover 90 million users to date, BioCatch has established itself as the industry leader. For more information, please visit www.biocatch.com.