Digital services continue to present cybercriminals with a lucrative target of opportunity. BioCatch research shows that, since the beginning of the Covid-19 pandemic, fraud attempts have surged globally. Account opening fraud attempts have increased 33 percent and account takeover attacks have spiked 47 percent. As attacks get more sophisticated and pervasive, the solutions required to combat them must provide deeper visibility to better detect malicious behavior in online sessions.
Read on to learn how BioCatch behavioral biometrics is helping financial institutions make more informed fraud risk decisions and why KuppingerCole says BioCatch’s “innovative techniques provide unparalleled insights into legitimate and malicious behavior, thereby reducing the risks of fraud to customers.”