Product Overview of BioCatch
BioCatch is a pioneering cybersecurity company that specializes in behavioral biometrics, analyzing human-device interactions to protect users and data from a wide range of cyber threats. Founded in 2011 by experts in neural science research, machine learning, and cybersecurity, BioCatch has established itself as a leader in the industry, with deployments in major banks and e-commerce websites across North America, Latin America, and Europe.
Key Functionality
- Behavioral Biometrics Platform: The core of BioCatch’s offering is its behavioral biometrics platform, which develops and analyzes user profiles based on over 500 behavioral parameters. These include hand-eye coordination, pressure, hand tremors, navigation, scrolling, and other finger movements. This holistic approach enables continuous authentication and fraud detection without compromising the user experience.
Key Features
- User/Criminal Profiling Module: This module collects and analyzes numerous traits to create a unique user profile. It selects the most distinctive features from its extensive set of behavioral metrics to authenticate users and detect fraudulent activities such as new account fraud, account takeover, and account or license sharing.
- Malware and Remote Access Tools (RATs) Detection: BioCatch’s platform goes beyond traditional solutions by using its patented Invisible Challenges™ approach. This method identifies malware, Man-in-the-Browser (MitB), spoofing, and RAT-in-the-Browser threats in real-time, minimizing false alarms and the need for maintaining malware libraries or relying on known device IDs or IP addresses.
- Robotic Detection: The platform includes mechanisms to detect and prevent robotic and aggregator activity. It uses Invisible Challenges that require passive hand-eye coordination, which robots cannot replicate, thereby preventing replay attacks with high accuracy.
- Mobile Banking Fraud Protection: BioCatch provides comprehensive protection for mobile banking sessions by monitoring activity such as tap timing, mobile device movement, and call status. It detects fraudulent activities including malware, remote access tools, mobile emulators, social engineering scams, and device theft. The solution ensures frictionless mobile banking experiences without additional risk.
- BioCatch Connect Portfolio: This is a fully integrated fraud and Anti-Money Laundering (AML) product portfolio that proactively detects and accelerates targeted interdiction of fraud. It includes three modules: fraud telemetry collection, continuous behavioral sequencing, and predictive intelligence. These modules integrate application, behavior, device, network, and transactional telemetry to deliver real-time fraud interdiction and investigative guidance.
Advanced Technologies
- Continuous Behavioral Sequencing (CBS): This technology leverages advanced cognitive human behavioral science, data modeling, and machine learning algorithms to parse, match, analyze, coalesce, and score every element of data collected. This approach enhances signal fidelity and reduces false positives.
- Real-Time Risk Scoring and Visualization: BioCatch provides real-time session risk scores and detailed mobile session activity logs, which are visualized in the BioCatch Analyst Station. This empowers fraud operation and analyst teams to act quickly and confidently.
Deployment and Integration
- Global Reach: BioCatch solutions are deployed in leading banks and e-commerce websites, covering tens of millions of users worldwide. The company has a strong presence across North America, Latin America, and Europe.
- Integration: The BioCatch solution can be integrated into mobile applications or websites using a lightweight mobile and web SDK. It also supports native mobile applications and offers out-of-box connectors for popular application frameworks like Ionic and React Native.
Expertise and Patents
- Unparalleled Patent Portfolio: BioCatch boasts an extensive patent portfolio with 48 patents, 20 of which have been granted. This underscores the company’s innovative approach to cybersecurity and behavioral biometrics.
- Expert Team: The company is spearheaded by a team of experts in fraud prevention, biometrics, machine learning, and cybersecurity, ensuring a robust and effective solution against evolving cyber threats.
In summary, BioCatch offers a robust and holistic solution for fraud detection and cybersecurity, leveraging advanced behavioral biometrics and machine learning to protect users and data in real-time, while ensuring a seamless user experience.