Identify application fraud and protect genuine user information from being exploited.
Identify money laundering activity and proactively detect the mule accounts before funds are moved.
Monitor web and mobile banking sessions to expose risky actions indicative of fraud.
Detect and stop authorized payment fraud before funds leave the customer’s account.
Enhance your existing compliant solution by adding security without unnecessary friction.
The corporate banking division of a Top 5 UK bank was experiencing a prolonged cyber attack involving the Dridex malware which was capable of taking over customer accounts and circumventing its traditional controls such as malware detection, transaction monitoring and device fingerprinting.
The bank required a solution that could generate a deeper level of behavioral analysis. The bank adopted BioCatch to gain visibility into anomalies in user behavior and interactions. BioCatch quickly identified several high-risk activities based on user behavior, even when it appeared the session came from a trusted device and location.