BioCatch is once again warning about the threat of account takeover fraud. The behavioral biometrics specialist noted that account takeover fraud has gone up since the onset of the COVID-19 pandemic, due at least in part to the increased amount of online traffic in a remote work environment. People can no longer go to the…
With signs that online banking fraud is on the rise amid the COVID-19 pandemic, Buguroo is offering to investigate suspicious messages for free. The company has set up a new “Covid-19 Online Banking Fraud Resources Center” on its website, where it promises to offer regularly updated information about the latest fraud and social engineering campaigns.…
LexisNexis Risk Solutions has released a new Cybercrime Report that analyzes the most noteworthy cyber trends from the second half of 2019. The report noted that cybercrime is an international operation, and that a growing percentage of cyberattacks are now carried out across mobile channels. LexisNexis Risk Solutions observed that every single fraud network analyzed…
Buguroo has upgraded its flagship behavioral biometrics platform to help financial institutions spot (and stop) New Account Fraud. The enhanced bugFraud can be used in conjunction with traditional anti-fraud measures like ID checks and physical biometrics, or as a standalone security solution. New Account Fraud refers to fraud that is carried out with bank accounts…
With financial services, retail, and various other sectors increasingly focused on digital security, one of the most notable solutions providers of the past year is Madrid-based buguroo. The company raised a stunning $11 million in Series A funding in November, and is seeing growing activity across its multiple offices in Europe, North America, and South…
Buguroo is calling attention to the threat of the BasBanke Trojan for Android devices in a new post on the company blog. Also known as Coybot, the BasBanke Trojan specifically targets Brazilian banking institutions, although it does have some similarities to the Pazera Trojan that goes after Windows devices in Latin America more broadly. According…
BioCatch Chief Cyber Officer Uri Rivner is looking to the future with a new blog post that offers a slew of cybersecurity predictions for 2020. Most notably, Rivner warns that many forms of biometric authentication could prove to be vulnerable in 2020 as deepfake technology continues to improve. In that regard, Rivner notes that deepfake…
Buguroo has provided a comprehensive breakdown of the different forms of fraud in a new blog post that classifies fraud into three separate categories. Third party fraud refers to fraud in which a cybercriminal targets a victim with no knowledge of the fraud taking place. That fraud can take many different forms, from phishing attacks…
FICO has launched two new biometric identity verification products in an effort to offer better digital security to its customers. FICO Identity Proofing is a digital onboarding solution that uses document and facial recognition to compare a user’s selfie to the photo on their official ID, while FICO Authentication Suite is a behavioral biometrics platform…
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…
