BioCatch provides banks and e-commerce companies with a technology to detect cyber threats and online fraud before it happens and to deliver solutions for mobile and web applications.
Using its own behavioral biometric authentication and threat detection technology, BioCatch analyzes bio-behavioral, cognitive and physiological factors to generate user profiles for banking and e-commerce sites thereby decreasing the amount of unsafe transactions to combat cyber threats.
Its technology is based upon what the company refers to as “invisible challenges” to monitor user behavior and conclude if the user is fraudulent or not.
BioCatch detects account takeovers, RAT, and malware attacks all using this behavioral and cognitive analytics approach.
BioCatch received two patents from the US Patent Office as of July 2015. The first covers cloud protection which allows app developers to implement BioCatch’s technology, and the second is its “Method and Device Confirming Computer End-User Identity” which allows for hidden tests to analyze user behavior and draw authentication conclusions.
BioCatch has expanded its services across 6 countries and throughout banks and e-commerce sites.
A partnership between Nuance Communications and BioCatch was announced in February 2017 in order to provide BioCatch’s services as part of Nuance’s Security Suite and enhance their fraud detection system.
Protecting individuals and enterprises, Lookout predicts and stops mobile attacks before they do harm.
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