Product Overview: BehavioSec
BehavioSec, a pioneering solution in behavioral biometrics and a part of LexisNexis Risk Solutions, offers a cutting-edge platform designed to enhance security, reduce fraud, and improve the user experience across digital interactions.
What BehavioSec Does
BehavioSec continuously verifies digital identities in real-time by analyzing unique behavioral patterns of users, such as typing, swiping, and mouse movements. This approach goes beyond traditional authentication methods like passwords, tokens, and one-time verifications, which can be easily spoofed, stolen, or socially engineered. By understanding how users interact with their devices, BehavioSec provides a robust layer of security that safeguards millions of users and billions of transactions.
Key Features and Functionality
Continuous Authentication
BehavioSec’s platform continuously authenticates users throughout their sessions, rather than just at the login phase. This ensures that the identity of the user is verified in real-time, reducing the risk of account takeovers and other malicious activities.
Behavioral Biometrics Analysis
The platform analyzes various behavioral patterns, including typing speed, touchscreen pressure, and device handling. These patterns are compared against the user’s unique behavioral profile to detect any inconsistencies that might indicate fraudulent activity.
Advanced Fraud Detection
BehavioSec includes several advanced features for fraud detection:
- New Account Fraud Detection: Identifies suspicious activity by comparing new users’ sessions to those in BehavioSec’s entire protected population, even if the users have never been seen before.
- Identifying Bad Actors: Uncovers attempts to hide origin via VPNs, TOR, and other proxy services by matching against a real-time feed of compromised devices.
- Global Profiling: Detects suspicious activity by comparing user sessions against a global profile of protected users.
Integration and Deployment
The platform can be deployed both on-premise and in the cloud, offering flexibility and control over user privacy. It seamlessly integrates with existing web and mobile applications, and supports Docker container deployments for easier on-premise setup.
Enhanced Accuracy and Efficiency
BehavioSec’s solution is designed to reduce false positives and provide detailed information for real-time fraud detection and forensic purposes. It automates the integration of fraud alerts with third-party case management systems, streamlining the decision-making process for fraud analysts.
Compliance and Regulatory Adherence
BehavioSec serves as an approved multifactor authentication element, enabling frictionless compliance with regulations such as the European Payment Services Directive 2 (PSD2) and Strong Customer Authentication (SCA).
Scalability and Performance
The platform is capable of supporting billions of transactions and millions of users, making it a scalable solution for large enterprises. It enhances staff productivity by automating real-time detection and response to online fraud, reducing the need for manual intervention.
Benefits to Businesses
- Improved Security: Protects against sophisticated social engineering, scams, session hijacking, and account takeover attacks.
- Enhanced User Experience: Provides a seamless and frictionless authentication process, improving customer engagement and reducing support calls.
- Cost Savings: Reduces financial losses due to fraud and lowers the costs associated with traditional authentication tools.
- Compliance: Ensures adherence to regulatory requirements without adding unnecessary friction to the user experience.
In summary, BehavioSec offers a robust behavioral biometrics platform that enhances security, reduces fraud, and improves the user experience by continuously verifying digital identities through unique behavioral patterns. Its advanced features, scalability, and ease of integration make it a valuable solution for businesses seeking to protect their users and transactions effectively.