Product Overview: 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, with deployments in major banks and e-commerce websites across North America, Latin America, and Europe.
Key Functionality
- Behavioral Biometric Profiling: BioCatch’s platform collects and analyzes over 500 behavioral parameters, including hand-eye coordination, pressure, hand tremors, navigation, scrolling, and other finger movements. This data is used to create highly unique user profiles that distinguish legitimate users from cybercriminals.
- Continuous Authentication: Unlike traditional authentication methods, BioCatch provides continuous authentication throughout the entire user session. This approach ensures that the system can detect and respond to potential threats in real-time, minimizing the risk of fraud and other cyber threats without compromising the user experience.
- Advanced Threat Detection: The platform goes beyond standard protocols by detecting a wide range of threats, including malware, remote access Trojans (RATs), robotic activity, bots, aggregators, social engineering, and voice scams. BioCatch’s Invisible Challenges™ approach can identify sophisticated threats such as Man-in-the-Browser (MitB) and spoofing, while minimizing false alarms.
- Multi-Layered Analysis: BioCatch employs a multi-layered approach that integrates application, behavior, device, network, and transactional telemetry. This comprehensive analysis ensures high detection rates and low false positive rates, providing actionable alerts and risk scores to fraud and Anti-Money Laundering (AML) teams.
Key Features
- User/Criminal Profiling Module: This module collects and analyzes behavioral traits to create detailed user profiles, enabling the system to recognize and differentiate between genuine users and cybercriminals.
- Malware and RAT Detection: BioCatch’s patented platform detects malware and RAT activity without relying on malware libraries or known device IDs or IP addresses. It uses real-time fraud alerts to identify threats such as MitB and RAT-in-the-Browser.
- Robotic Detection: The system uses Invisible Challenges™ that require passive hand-eye coordination, which robots cannot replicate. This prevents robotic and aggregator activity, including replay attacks, with high accuracy.
- Strong Customer Authentication (SCA): BioCatch supports SCA by monitoring physical and cognitive digital behaviors during the authentication process, such as mouse movements, typing cadence, swipe patterns, and device orientation. This ensures a frictionless authentication flow while maintaining high security standards.
- BioCatch Connect Portfolio: This is a fully integrated fraud and AML product portfolio that proactively detects and accelerates targeted mitigation of financial crimes. It integrates continuous behavioral sequencing, predictive intelligence, and real-time behavioral biometrics intelligence to deliver curated fraud interdiction and investigative guidance.
Benefits
- Enhanced Security: BioCatch provides continuous protection against a broad range of cyber threats, ensuring that legitimate users are not mistakenly flagged as threats.
- Frictionless Experience: The platform minimizes user friction by avoiding unnecessary authentication steps, enhancing the overall user experience.
- High Accuracy: With an unparalleled patent portfolio, BioCatch achieves extremely high accuracy in detecting threats while minimizing false alarms.
- Global Deployment: BioCatch is used by over 25 of the world’s leading 100 banks and 100 of the largest 500 companies, demonstrating its widespread adoption and effectiveness.
In summary, BioCatch offers a robust behavioral biometric solution that protects users and data through continuous authentication, advanced threat detection, and multi-layered analysis, making it a leading choice for enterprises seeking to combat sophisticated cyber threats.