Tag: bicatch

Numbers can be stolen, signatures forged, and IDs hacked; but an individual’s behavioral biometric motion is unique, consistent and identifiable. The field of behavioral biometrics detects cyberattacks in real-time.  Financial institutions all over the world use BioCatch for behavioral biometrics to protect clients and their assets. In October 2019, Royal Bank of Scotland (RBS) shared how they used BioCatch to detect a suspicious transaction in its corporate banking unit, as featured in the Wall Street Journal.  “BioCatch’s breakthrough technology has already become an integral part of our fraud and authentication strategy,” stated RBS Chief Administrative Officer, Simon McNamara.  McNamara recently sat with BioCatch’s CEO, Howard Edelstein, and Edelstein explains how his technology addresses current security needs and is working on preventing future threats. Watch the complete interview.   Edelstein explains that the logic behind how security currently works is evolving from deterministic to probabilistic. BioCatch does not identify users through external, forgeable, factors such as ID numbers or passwords, rather BioCatch focuses on a persons’ subtle hand motions, behavior, and over 2,000 nuanced personal actions-purely probabilistic analysis.  BioCatch identifies a...