BioCatch called attention to the growing threat of new account fraud during a recent webinar with Aite Group Research Director Julie Conroy. Also referred to as application fraud, new account fraud describes fraud that is carried out through new accounts that are created with synthetic identities, many of which are generated with stolen personal information.…
Nuance Communications has released a new cloud-based authentication solution that verifies people’s identities during voice and text interactions. Dubbed Nuance Gatekeeper, the platform combines Nuance’s ConversationPrint text authenticator with the voice recognition Lightning Engine and behavioral biometrics. Together, the three technologies will empower enterprises to fight fraud across multiple channels, building detailed customer profiles and…
Biometric Signature ID (BSI) has some advice for companies that are looking to implement a biometric security solution. In a post on the company’s blog, BSI Founder and CEO Jeff Maynard argues that behavioral biometrics are a safer and more reliable option than static modalities like fingerprint recognition. Much of that has to do with…
Professionals in the payments industry are very concerned about cybersecurity, but are at least a little mistrustful of third party solutions providers, suggest the results of TD Bank’s 2019 NACHA PAYMENTS survey. Conducted at the 2019 NACHA PAYMENTS Conference in Orlando this past May, the survey polled just under 500 of the payments industry professionals…
BioCatch is once again highlighting the advantages of behavioral biometrics in a new blog post that details two case studies in which the BioCatch platform was used to stop more complex forms of fraud. In the post, the company notes that many anti-fraud solutions protect a single access point, either with a password or a…
“Our customers can now use our behavioral biometrics technology to support PSD2, without adding any friction to their users’ experience…” The US Patent and Trademark Office has awarded SecuredTouch a patent for “Continuous User Authentication,” a title that is essentially a description of behavioral biometrics more generally. SecuredTouch, of course, is a behavioral biometrics specialist,…
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…
