BehavioSec has updated its behavioral biometrics platform ahead of the European Union’s upcoming PSD2 compliance deadline. Version 5.1 of the platform offers better mouse recognition and anomaly detection, in addition to other accuracy and authentication upgrades. The upgraded platform also guards against fraud associated with new accounts. BehavioSec 5.1 will compare the behavior of a…
NuData Security’s Senior Vice President and Chief Technology Officer is taking over as the company’s new CEO. Christopher Bailey will be replacing company co-founder Michel Giasson, who is retiring after 12 years of service as the former CEO. Though the assignment is technically a promotion, Bailey co-founded NuData alongside Giasson in 2007 and is extremely…
“In particular, TypingDNA’s technology will be used to enhance XTN Cognitive Security’s SA Smart Authentication solution and its MORE Mobile Operative Risk Evaluator.” A new partner is taking advantage of TypingDNA‘s behavioral biometrics system. Headquartered in Italy, XTN Cognitive Security specializes in anti-fraud and security solutions for online banking and mobile apps. The company is…
“This unique MFA solution is fully customizable and easy to scale so small businesses and large corporations can equally benefit from it.” – Raul Popa, CEO, TypingDNA TypingDNA is adding an extra layer of security to its keystroke biometrics platform. The company has announced the launch of TypingDNA MFA, a multifactor authentication solution that combines…
“BioTect-ID can be used to lock down any Windows device, and represents an expansion of BSI’s existing BioSig-ID identity verification solution.” Biometric Signature ID (BSI) has announced the launch of BioTect-ID, a new identity verification solution that combines a 4-character password with gesture recognition. The platform asks users to draw their password with a finger,…
“AI-driven behavioral biometrics will become the main identity verification element in two-factor or multifactor authentication…” A new report from Frost & Sullivan projects major growth for the European biometrics market, which is expected to climb from $4.98 billion to $11.5 billion by 2023. Artificial intelligence and machine learning will fuel much of that growth as performance improvements…
BioCatch has a new Chief Revenue Officer; Bill Sytsma will lead the company’s sales and professional services team, and will oversee “an ambitious plan for growth,” according to a statement announcing his appointment. Sytsma comes to the company from ThreatMetrix, another provider of an enterprise-focused digital security platform, where he served as the company’s Americas…
BioCatch is warning about the dangers of corporate fraud in the wake of the FBI’s 2018 Internet Crime Report. The company specifically highlighted the threat of Business Email Compromise (BEC) attacks and Remote Access Trojan (RAT) attacks in a new blog post, both of which can be mitigated with the help of behavioral biometrics. Of…
The AI software firm Cyleron has launched a new behavioral biometrics security solution designed for corporate customers. Dubbed CyleronCentry, the new platform uses keyboard biometrics and machine learning to build a user profile based on the typing habits of an employee. That profile can then be used as a template to provide ongoing passive authentication.…
“In his new position with TypingDNA, Freeman will be based in the company’s US office, and will focus on building its presence in the American market.” As it seeks to expand, Romania-based behavioral biometrics startup TypingDNA has announced the appointment of a new Vice President of Sales. The new VP, Terry Freeman, comes to the…
Jorge Aguilar Perez shared some insights on the cybersecurity market in Latin America with a quick Q&A on BioCatch’s blog. Perez is the BioCatch Sales Director for Mexico, Central America, and the Caribbean, and explained that the region’s high rates of mobile penetration and mobile payments coupled with weak digital infrastructure make many Latin American…
Veridium has become the latest biometrics specialist to join Mastercard Start Path, the financial services giant’s startup accelerator program. It’s an impressive feat. Only about 40 startups are admitted to the program each year, and Veridium says it was part of an applicant pool of almost 2,000. Criteria for selection include demonstrated commercial traction, seed…
Precise Biometrics will focus on biometric payment cards, smartphone fingerprint scanning, and multi-modal digital identity for the foreseeable future, with its new YOUNiQ solution being key to the latter over 2019, suggests its newly-published Annual Report. A glossier, more in-depth publication than Precise Biometrics’ year-end results, which were published in February, the Annual Report offers…
Last week, our sibling site FindBiometrics published part one of an extensive interview with Frances Zelazny, Chief Strategy & Marketing Officer, BioCatch. That first half of her conversation with Peter Counter, Managing Editor of FindBiometrics and Mobile ID World, dealt with how behavioral biometrics can thwart sophisticated vishing fraud attacks, the behavioral insights market, and…
A lot of biometric security specialists say they can help businesses to reduce fraud and save money, but Nuance Communications is backing up its own particular value proposition with some numbers: The company says that its Nuance Security Suite saved organizations over $1 billion collectively over the course of 2018. The solution combines voice recognition,…
In its latest blog post, BioCatch has some words of advice for Payments Canada and other financial institutions that are upgrading their systems to support faster payments. The behavioral biometrics company argues that financial institutions need to be prepared with real-time fraud prevention strategies in order to head off an impending wave of financial crime.…
BlackBerry Cylance is using behavioral biometrics to enhance its Cylance AI security platform. The new features are being introduced under the CylancePERSONA heading, and will deliver continuous authentication to its enterprise-level clients to detect and prevent fraudulent activity. “Every day, rogue insiders and external threat actors exploit valid user credentials to launch cyber attacks, so…
“BioCatch’s approach here is notable for not needing to rely on specialized hardware, making it another one of the many behavioral metrics – the company says it uses 2,000 of them – that can be analyzed by BioCatch’s technology via a software-based approach.” BioCatch has further solidified its IP holdings with a newly granted patent,…
OneSpan has launched a new Risk Analytics solution aimed at the financial services sector. It’s a cloud-based, open API platform that leverages AI to spot potential fraud attempts. Backed by machine learning, its AI system is designed to assess a range of metrics including device information, transaction data, and user behavior in order to deliver…
A Brooklyn-based behavioral biometrics specialist has revealed that it was recruited to aid in the Department of Defense’s development of a ‘proof of life’ authentication system. Called Twosense.ai, the company says it won a contract through Army Contracting Command’s Rapid Innovation Fund. The deal is valued at $2.42 million, and was actually awarded in late…
