Product Overview of BioCatch
BioCatch is a pioneering cybersecurity company that specializes in behavioral biometrics, designed to protect users and data by analyzing human-device interactions. Founded in 2011 by experts in neural science research, machine learning, and cybersecurity, BioCatch has established itself as a leader in the industry, serving leading banks and e-commerce companies globally.
What BioCatch Does
BioCatch’s platform focuses on preventing online fraud and protecting against various cyber threats without compromising the user experience. It achieves this by developing and continuously updating behavioral biometric profiles of online users. These profiles help distinguish between genuine users and cybercriminals, including those using malware, remote access Trojans (RATs), and robotic activity.
Key Features and Functionality
Behavioral Biometric Profiling
- BioCatch’s User/Criminal Profiling Module collects and analyzes over 500 behavioral traits, including hand-eye coordination, pressure, hand tremors, navigation, scrolling, and other finger movements. This module selects the most unique features to create a highly distinguishable user profile, which is continually enhanced throughout the session.
Continuous Authentication
- The platform provides continuous authentication, monitoring user behavior throughout the entire session to ensure that the user remains legitimate. This approach minimizes false alarms and enhances the detection of even the most sophisticated cyber threats.
Advanced Threat Detection
- BioCatch goes beyond traditional fraud detection methods by identifying behavioral anomalies that indicate malicious activity. It detects key behavioral indicators such as automated patterns from bots or malware, and surfaces anomalies that suggest human imposters, like changes in dominant hand use or expert user patterns.
Invisible Challenges
- The Invisible Challenges™ approach involves subtle tests that require passive hand-eye coordination, which robots and automated scripts typically ignore. This method prevents replay attacks and detects MitB (Man-in-the-Browser), spoofing, and RAT-in-the-Browser activities with high accuracy.
Multi-Layered Analysis
- BioCatch integrates application, behavior, device, network, and transactional telemetry to provide a comprehensive view of user interactions. This multi-layered approach ensures high detection rates and low false positive rates, even when users access systems from new devices or locations.
Strong Customer Authentication (SCA)
- BioCatch supports Strong Customer Authentication (SCA) by monitoring physical and cognitive digital behaviors during the authentication process. This includes analyzing mouse movements, typing cadence, swipe patterns, and device orientation to create a behavioral biometric profile that is compared against historical user profiles and population-level patterns.
BioCatch Connect Portfolio
- The BioCatch Connect portfolio is a fully integrated fraud and Anti-Money Laundering (AML) product that proactively detects and mitigates financial crimes. It leverages Continuous Behavioral Sequencing™ (CBS) technology, advanced cognitive human behavioral science, and machine learning algorithms to analyze thousands of user digital interactions in real-time.
Benefits and Deployment
- Industry Leadership: With an unparalleled patent portfolio and deployments at major banks across North America, Latin America, and Europe, BioCatch protects tens of millions of users and has established itself as a leader in behavioral biometrics.
- Customer Experience: The platform ensures a frictionless user experience while providing robust security, making it ideal for banks and e-commerce websites.
- Partnerships: BioCatch collaborates with key partners such as Nuance, Experian, and Microsoft to enhance its solutions.
In summary, BioCatch offers a holistic and advanced approach to cybersecurity through its behavioral biometric platform, providing continuous authentication, sophisticated threat detection, and a seamless user experience.