BioCatch announced the launch its next-generation platform to optimize the implementation and performance of behavioral biometrics online and on mobile at the enterprise level. BioCatch currently protectsmore than 1 billion transactions per month, helping to significantly reduce fraud and identity theft.
The BioCatch 2.0 release supports extensive scalability requirements that enterprise customers demand, delivering rich data collection of behavioral parameters, and significantly broader identification of remote access Trojans, bots, aggregators and malware.
The new release features fast processing of risk-score calculation, providing real-time behavioral insights, as well as a new graphical user interface for the "Analyst Station," BioCatch’s flagship analytics tool, enabling fraud teams to further investigate and analyze fraud cases.
"45 percent of online users experience malware and 25 percent experience account hacking," according to a Kaspersky Lab Consumer Security Risks Survey issued in 2015.
"Compounded further by threats that are relentless and constantly changing, it is important to go beyond traditional fraud prevention and authentication methods and look for ways to ensure that a person is who they claim to be throughout an entire session, without creating friction in the user experience," said Eyal Goldwerger, CEO of BioCatch. "Our customers require a solution which can passively and seamlessly distinguish a legitimate user from an imposter, providing information in real-time while preventing false alerts. BioCatch 2.0 is designed to stay ahead of the curve, capturing maximum data points and providing the tools that make it easier for fraud and security analysts to do their job."