• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

buguroo Grabs European Innovation Award from Frost & Sullivan

July 14, 2020

Frost & Sullivan has recognized buguroo’s bugFraud solution with its European Technology Innovation Award for 2020. bugFraud is a behavioral biometrics platform that analyzes factors like screen pressure and typing speed to generate a unique profile for each individual user. All future interactions are then measured against that profile to help spot any anomalous activity.

Biometrics News - buguroo Grabs European Innovation Award from Frost & Sullivan

bugFraud is designed for fraud prevention, and will assign a risk score to every interaction. The platform offers continuous, passive authentication, and covers everything from the initial onboarding process to the logins (and logouts) for individual sessions. It also includes a Fraudster Hunter feature that analyzes location data and device and network links to identify cybercriminals who have gotten around an organization’s security system in the past.

Frost & Sullivan indicated that Fraudster Hunter was a major factor in its awards decision. bugFraud is available for iOS and Android devices and does not store any personally identifiable information, which mitigates the threat of data breaches.

“bugFraud is the most complete solution in the market, built with tools to identify the widest range of impersonations and manipulation attacks,” said Industry Analyst Mohammed Riyaz Ahmed. “buguroo’s ability to secure a high number of online banking users and gain the trust of the largest banks in the world is proof of its ability to fight online banking fraud.”

buguroo raised $11 million in a Series A funding round in November. The Spanish company planned to use those funds to drive its global expansion, and it now has 11 global partners and provides anti-fraud services for nearly 30 customers in Latin America. More recently, buguroo set up an Online Banking Fraud Resources Center that allows consumers to report suspicious COVID-19 messages in an effort to clamp down on COVID-themed phishing scams.

Onfido was the winner of last year’s European Technology Innovation Award.

Filed Under: Industry News Tagged With: anti-fraud solutions, behavioral biometrics, bugFraud, Buguroo, Fraudster Hunter, Frost & Sullivan, Frost & Sullivan awards, industry acclaim, industry awards, industry recognition

Related News & Articles

Alibaba Explores Cashierless Shopping with Tao Cafe

Autonomous Vehicles Spur Automotive Sensor Market: TechVision

Dongfeng Orders In-Car Assistant from Cerence and PATEO

Primary Sidebar

Register For the Next Virtual Identity Summit

Travel & Hospitality Biometrics Online Summit
Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Maryland Lets Residents Add Digital IDs to Apple Wallet
  • Humanode Offers $30,000 in Prizes for Upcoming Hackathon
  • Clearview’s Selfie Authentication Business Begins Operations
  • China Trials Digital Currency With Middle School Students
  • Qatar Launches Mobile ID App

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld