OurCrowd portfolio company BioCatch was featured in the Times of Israel, an English-language news website covering Israel, the region & the Jewish world. The company has developed a novel form of authentication used by online businesses to continuously guarantee users are who they say they are, by analyzing their behavioral and cognitive responses.
What’s the best way to make sure that cyber-crooks don’t have the opportunity to raid bank or credit card accounts belonging to legitimate customers? By keeping them out of the system in the first place, according to Oren Kedem, VP of products at cyber-security startup BioCatch.
The newest release of the Tel Aviv startup’s technology now enables banks and online financial sites to detect fraudsters during the account-opening process, so that they can be booted off the site before they have an opportunity to steal anything.
BioCatch raised $3,334,500 from OurCrowd investors in February 2014.
Read more on the Times of Israel here.