Malware infections and Remote Access Trojan (RAT) attacks are on the rise, enabling cyber criminals to take over accounts from afar and automate fraud. Despite traditional fraud detection measures and cybersecurity safeguards, malware and RAT attacks remain prevalent. Undetected malware attacks can result in direct losses to account holders and have a long-term detrimental effect on business and customer confidence.
One of the major retailers in Latin America experienced a surge in online fraud and review costs. BioCatch was able to detect new user fraud in real-time, lower the review rates considerably, and provide immediate ROI.
A leading UK bank searched for a cutting-edge technology to authenticate more than 1.5 million users. BioCatch was able to provide a 100% frictionless solution to meet this need.
BioCatch was deployed in a top-5 UK retail bank with over 5 million users. BioCatch demonstrated a fraud detection rate of 95% with a FP rate of less than 1%.
This top-50 US banking group, a leader in big data analytics, has more than 500,000 customers and more than 300 offices around the world. BioCatch was able to reduce friction and fraud for the bank’s end-users.
BioCatch helps a top-5 UK bank to detect remote access Trojan (RAT) attacks in real-time and spot anomalous user interactions.