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…
In the wake of yet another high-profile hack attack, FIDO Alliance co-founder Nok Nok Labs is calling businesses and service providers to take advantage of phishing-resistant multi-factor authentication solutions. The attack in this case concerns Wipro, a Major India-based software company, whose IT systems were compromised, with Wipro customers then targeted in “an advanced phishing…
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…
IDEX Biometrics has continued its blog series on the Internet of Things with a look at the way that biometric technology is shaping the IoT market. In the post, IDEX CFO Henrik Knudtzon explains that the secure and convenient nature of biometric credentials like fingerprints makes them ideal for safe, streamlined IoT connections across multiple…
When it comes to convenience, there’s no debating the utility of contactless payment cards. It can be irritating to insert a card into a machine and type in a four-digit PIN every time you need to make a transaction, especially if you’re only buying a two-dollar cup of coffee. Unfortunately, the contactless process does have…
The Internet of Things will allow us to share more information at faster speeds on whatever device happens to be most convenient at the time. However, that convenience also comes with risk. When everything is connected to the internet, the security of the network is only as strong as its weakest link. Sure, your smartphone…
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.…
BioCatch is raising the alarm over cross-channel fraud. As the company explains in a new blog post, “cross-channel fraud” simply refers to fraud conducted between two multiple different channels – for example, using a phishing attack via social media to get a user’s credentials for their bank’s web app. It’s a way of exploiting businesses’…
