Israeli firm BioCatch, a leader in Cognitive Biometrics and Authentication solutions, is getting a lot of exposure this month.
It was selected from hundreds of applicants to demo at a renowned industry event – FinovateFall – in New York City on the 24th and it just announced that its Art of Fraud gallery, the world’s first online exhibit displaying paintings generated by actual malware attacks on banking sites, is now open to the general public.
Established in 2011, BioCatch, an Israeli high tech start up, provides behavioral authentication and threat detection for mobile and web applications which allow people and companies, such as banks, to spot and catch would be cyber criminals.
The paintings in the Art of Fraud gallery were captured using BioCatch’s Cognitive Biometrics platform when analyzing user behavior to detect online banking fraud. Each painting in the exhibit depicts the movement of an actual malware attack that occurred. They also provide attack details such as date, location and potential loss.
“We are very excited to share our findings in the ‘Art of Fraud’ exhibit so that the public can, for the first time, visualize and understand the ’behind the scene’ mechanism of online banking fraud, ” said company CEO Benny Rosenbaum. “BioCatch consistently works to stay ahead of the game in combatting fraud. With each attempted malware attack spotted by BioCatch Cognitive Biometrics technology, we are able to derive valuable information that helps us identify and defend against new threats, providing the most sophisticated and up-to-date protection for our customers.”
The ‘Art of Fraud’ exhibit displays both the malware’s general movements across the screen, movements made while conducting money transfers, and the reactions to BioCatch’s Invisible Challenges.
At FinovateFall, Uri Rivner, BioCatch’s Co-Founder, gave a 7 minute live demo on stage, presenting BioCatch’s innovative web and mobile fraud protection technology.
“We are thrilled to have been chosen from hundreds of applicants to demo at one of the industry’s headline events, ” said Benny Rosenbaum, CEO of BioCatch. “It’s really a confirmation for us that we have developed a disruptive technology that is improving online security for banks and eCommerce sites, while significantly decreasing friction for customers.”
Also, at the beginning of the month the company announced that its BioCatch Mobile which it says provides both authentication and threat detection across mobile banking platforms, while minimizing friction for end users, is now out of the Beta stage.