Navigation Links
BioCatch Mobile Comes out of Beta, Providing Transparent Authentication and Fraud Detection Across All Digital Banking Platforms
Date:9/3/2014

BOSTON, September 3, 2014 /PRNewswire/ --


BioCatch, the global leader in Cognitive Biometrics, announced today that BioCatch Mobile is now out of Beta. BioCatch Mobile provides both authentication and threat detection across mobile banking platforms, while minimizing friction for end users.

Bank customers are increasingly turning to mobile devices to make transactions and conduct mobile payments. Mobile banking services are seeking ways to introduce new functionality without having to mitigate the added risk of fraud by implementing additional, visible security measures, resulting in friction for the customer and negatively impacting their user experience.

BioCatch offers completely transparent, behind-the-scenes authentication and threat detection capabilities that can protect against fraud attacks while improving user experience. The authentication function creates a cognitive biometric signature which takes into account physiological factors such as left/right handedness, press-size, hand tremor and eye-hand coordination, as well as Cognitive traits, such as usage preferences and device interaction patterns. Contextual factors include device ID, device preference, network access and geolocation.

BioCatch Mobile's threat detection capability combines cognitive behavioral analysis and other means to identify the typical signs of account takeover and live malware manipulation attacks on mobile applications. The threat detection function identifies multiple types of "Man-in-the-Mobile" and remote access (RAT) attacks, risk indicators such as jailbroken/rooted devices, and behavior consistent with criminal modus operandi.

"BioCatch Mobile was developed specifically to assist banks in mitigating the risks associated with the mobile channel, allowing them to add new functionality without admitting new fraud or creating new friction," said BioCatch CEO Benny Rosenbaum. "What makes our solution so unique is the fact it's completely transparent, works behind the scenes, and yet is far more secure than traditional two-factor authentication as it goes beyond what the user knows or has."

On September 18, BioCatch will be hosting a free webinar entitled "Who's Afraid of Mobile Fraud?" that will explore numerous topics, including how mobile behavior can protect mobile accounts and how to reduce friction while maintaining customer satisfaction. The link to registration is here. Additionally, BioCatch will be posting a white paper on the same topic on the company website.  

About BioCatch  

BioCatch is a leading provider of Cognitive Biometric and Authentication solutions for mobile and Web applications. Available as a cloud-based solution, BioCatch proactively collects and analyzes more than 400 cognitive parameters to generate a unique user profile. Banks and eCommerce websites and mobile apps use BioCatch to significantly reduce friction associated with risky transactions and protect users against cyber threats, such as Account Takeovers, Man-in-the-Browser (MitB) Malware and Remote Access (RAT) attacks. Additionally, BioCatch provides an enterprise tool that improves the employee authentication experience while protecting access to critical IT assets. The Company was founded in 2011 by experts in neural science research, machine learning and cyber security and is currently deployed in leading banks, eCommerce sites and enterprises across North America, Latin America and Europe. For more information, please visit http://www.biocatch.com.

Media Contact:
Matt Krieger
GK PR for BioCatch
matthew@gkipr.com
+972-54-467-6950


'/>"/>
SOURCE BioCatch
Copyright©2014 PR Newswire.
All rights reserved

Related biology news :

1. BioCatch Featured in Gartners 2014 Online Fraud Detection Market Guide
2. Biometrics Tech Companies Move Toward Mobile Payment Products with New Smart Wallet Options: New Patent Application to Integrate Intelligent Systems for Newest Smart Wallet
3. Mobile app makes ID of harmful plants, insects in Texas a snap
4. Make your mobile device live up to its true potential -- as a data collection tool
5. Introducing SentiBotics Mobile Robotics Development Kit from Neurotechnology
6. Smart Technology Consumers Interest in Mobile Payment Products Grows - Company Secures Deal with Major Airline to Display Advertisements in Flight for its Next Generation Smart Wallet
7. New mobile app provides faster, more accurate measurement of respiratory rate
8. Filter developed by VTT helps recover 80 percent of gold in mobile phone scrap
9. Uranium (IV) found to be mobile in a natural wetland
10. VaxTrac Announces Continued Support for Expansion of Biometric-based Mobile Vaccine Registry Programs in Benin
11. Biometric-Mobile Wallet Technology Takes Aims at a Target Market Of Nearly $1Billion Potential
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... report "Gesture Recognition and Touchless Sensing Market by Technology (Touch-based and Touchless), Product ... by MarketsandMarkets, the market is expected to be worth USD 18.98 billion by ... Continue Reading ... ...      (Logo: http://photos.prnewswire.com/prnh/20160303/792302) ...
(Date:3/22/2017)... VILNIUS, Lithuania , March 21, 2017 /PRNewswire/ ... identification and object recognition technologies, today announced the ... development kit (SDK), which provides improved facial recognition ... safety cameras on a single computer. The new ... algorithms to improve accuracy, and it utilizes a ...
(Date:3/22/2017)... 21, 2017 Vigilant Solutions , a ... enforcement agencies, announced today the appointment of retired FBI ... public safety business development. Mr. Sheridan brings ... including a focus on the aviation transportation sector, to ... position, Mr. Sheridan served as the Aviation Liaison Agent ...
Breaking Biology News(10 mins):
(Date:4/20/2017)... ... April 20, 2017 , ... ... scientific and clinical research community’s growing body of knowledge during its Eighth ... Gracie Theatre and the adjacent Darling Atrium. During the event, undergraduates, graduate students, ...
(Date:4/20/2017)... , April 20, 2017 /PRNewswire/ - Prometic Life Sciences Inc. (TSX: ... results at the International Liver Congress ("ILC") 2017 of the ... Amsterdam on the positive effects of ... model of obesity and metabolic syndrome. ... According to Dr. Lyne Gagnon, Vice-President of R&D ...
(Date:4/20/2017)... ... April 20, 2017 , ... Parallel6™ , the leader in ... today that they were named one of the 2017 Top 10 eClinical Trial ... in the pharmaceutical industry. , “We take pride in honoring Parallel6 as one of ...
(Date:4/20/2017)... Dutch philosopher Koert van Mensvoort - founder of the Next Nature Network ... - has written a ,Letter to Humanity, in support of International ... a slave and victim to its own technology, but to employ technology to ... ... – founder of the Next Nature Network and Fellow of ‘Next Nature’ at ...
Breaking Biology Technology: