Protecting 4 out of 5 banking customers in Australia
Australia has made significant strides in combating fraud, achieving notable reductions in scam losses in 2023. However, with over $2.74 billion lost to scams last year, fraud remains a critical issue. Advanced tools and technologies allow cybercriminals to carry out sophisticated fraud attacks and scams including BEC, romance scams, investment scams and impersonation scams, severely impacting both victims and the reputation of financial institutions. To counter these evolving threats, innovation and collaboration across the industry are essential to protect consumers and uphold the integrity of Australia’s financial ecosystem. Today, the BioCatch Trust Australia intelligence sharing network protects over 18 million online banking users from fraud and financial crime, or more than 80% of Australia’s adult population.
Powered by industry leading solutions
Account Takeover Protection
Provide a robust defense against a wide range of account takeover tactics including bots and automated attacks, financial malware, compromised account credentials, mobile emulators, and the presence of remote access tools in a session
Social Engineering Scam Detection
Leverage advanced risk models to recognize digital behaviors associated with emotional responses common among financial scam victims including hesitation, distraction, frustration, and confusion
Mule Account Detection
Analyze behavioral patterns to identify accounts used for money laundering before a payment is made and provides advanced visualization tools to improve investigation and response time
Benefits of BioCatch Trust™
Industry-first innovation
BioCatch Trust is the first country specific network that allows sending and receiving banks to share financial crime intelligence and evaluate the risk of inter-bank transactions.
Real-time trust assessment
The network evaluates transactions in real time, assessing trust based on a range of data including digital session activity, devices, IP addresses, behavioral patterns, and known fraud signals.
Join the power of many
Our network strengthens with each new member institution, leveraging billions of data points to detect mule accounts across banks before payments are sent.
Robust privacy by design
BioCatch Trust protects personal data, using hashed identifiers, data masking, and encryption to ensure member bank data is secure and never shared.
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Request an intelligence briefing
Join us for a 30-minute deep dive with a BioCatch expert to learn the latest tactics, techniques, and procedures (TTPs) fraudsters use to scam your customers
and harm your brand.
