Founded Year

2010

Stage

Series C - II | Alive

Total Raised

$211.61M

Last Raised

$20M | 2 yrs ago

About BioCatch

BioCatch provides behavioral authentication and threat detection solutions for mobile and web applications. Available as a cloud-based solution, BioCatch proactively collects and analyzes bio-behavioral, cognitive and physiological parameters to generate a unique user profile. Banks, eCommerce websites, and mobile apps use BioCatch to significantly reduce friction associated with risky transactions and protect users against cyber threats, such as Account Takeovers, Man-in-the-Browser (MitB) Malware, and Remote Access (RAT) attacks. Additionally, BioCatch provides an enterprise tool that improves employee authentication experience while protecting access to critical IT assets.

BioCatch Headquarter Location

132 Derech Menachem Begin

Tel Aviv,

Israel

+972.73.372.5430

ESPs containing BioCatch

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

Fraud prevention platforms protect organizations and their customers from a series of online threats: illegitimate transactions, chargebacks, account hijacking, fake accounts, scams, and counterfeit products. These companies serve banks, fintechs, payment providers, online retailers and e-commerce marketplaces.

BioCatch named as Highflier among 14 other companies, including NetGuardians, Signifyd, and Kount.

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BioCatch's Products & Differentiation

See BioCatch's products and how their products differentiate from alternatives and competitors

  • Account Opening Protection

    BioCatch Account Opening Protection generates advanced behavioral insights to provide you with the real-time visibility you need to detect more fraud without introducing friction to the process so that you can acquire more customers while preventing fraud accounts from being opened.

    Differentiation

    During account opening, typing speed, swipe patterns, and every click of the mouse tells a story even when you have never seen a user before. By profiling user behaviors such as mouse movements, typ… 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing BioCatch

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BioCatch in 6 CB Insights research briefs, most recently on May 10, 2022.

Expert Collections containing BioCatch

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BioCatch is included in 10 Expert Collections, including Banking.

B

Banking

1,117 items

R

Regtech

1,609 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

D

Digital Lending

1,603 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

C

Cyber Defenders

29 items

Our selected startups are early- to mid-stage high-momentum companies pioneering technology with the potential to transform cybersecurity. Unicorns valued at $1B+, companies that have raised funding past the Series C stage, and companies that have not raised funding since 2016 ar

P

Payments

2,323 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech 250

500 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

BioCatch Patents

BioCatch has filed 80 patents.

The 3 most popular patent topics include:

  • Computer network security
  • Computer security
  • Personal computers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/5/2020

5/10/2022

Sensors, Aircraft instruments, Evidence law, Gyroscopes, Gas sensors

Grant

Application Date

11/5/2020

Grant Date

5/10/2022

Title

Related Topics

Sensors, Aircraft instruments, Evidence law, Gyroscopes, Gas sensors

Status

Grant

Latest BioCatch News

How can banks protect the new breed of fraud victims?

Jul 31, 2022

Written by Gemma Staite, lead threat analyst, BioCatch 1st August 2022 The surge in online banking has opened customers up to more opportunities to be defrauded Long gone are the days of going into a branch for our everyday banking needs, with everything from online banking and buy now, pay later (BNPL) services to cashless and contactless payments soaring in popularity. Last year alone, 93% of customers used one or more digital payment methods and BNPL services accounted for $100 billion in purchases. This surge in online banking may make customers’ lives more convenient. However, it also opens them up to more opportunities to be defrauded. Major world events combined with the advancement of scamming techniques have shifted the idea of the typical ‘vulnerable customer’. Scammers now have a much broader range of targets, identifying new victims and exploiting different demographics’ weaknesses. When fraud occurs, it’s one thing to cover a customer’s financial costs, but once consumer trust is broken and they feel that their data is not sufficiently protected, reputational damage can be nearly impossible to mend. Adding yet more layers of security online and to applications can have the unintended consequence of undermining experience and cause users to turn to other providers. Financial institutions, both established and new, are looking to new methods to protect those vulnerable to attacks, with solutions like behavioural biometrics poised to play a major role in building digital trust and safety. Cybercriminals are around every digital corner The way that online criminals operate is continuously evolving. Although the rollout of two-factor authentication is a significant step for online banking on a global scale, scammers are starting to infiltrate and undermine these security efforts and are finding more devious ways to reach their targets. Fraud methods vary depending on the intended victim. For instance, social engineering scams, where victims are emotionally and psychologically manipulated to obtain money or confidential information, have evolved to understand human inclinations and tendencies. Our research shows these schemes have increased by 57% in 2021 with an average loss of $1,029 per victim, targeting consumers at the exact right moment when they are most vulnerable with the tempt of romance or friendship. The threats do not stop here, with scammers moving to a multi-layer hybrid model to defraud unsuspecting victims. Often using a mix of smishing or SMS phishing, voice scams, and remote access scams, fraudsters reach thousands of victims in minutes, use bots to intercept one-time passcodes from the victim’s device and slip past bank security controls. The evolution of the ‘vulnerable customer’ In the current economic landscape, cybercriminals are taking advantage of vulnerable and traditionally non-vulnerable individuals. This is driven by four factors – health, life events, resilience, and capability. All factors can shift suddenly and dramatically, and never in our lifetime has this been so apparent as during the pandemic. Elderly customers remain a primary demographic for fraud, scammed out of an estimated $3 billion a year thanks to their better credit scores, plentiful funds, trusting nature, and lack of tech know-how. Methods most prevalent in this age group include romance scams, imposter scams, and lottery and sweepstake scams, with 40% of identity theft fraud victims being over 60. However, Gen Z have become a new target for financial crimes, primarily through social media. Younger customers who value convenience over privacy are increasingly falling prey to so-called ‘mule herders’ that slide into their direct messages, recruiting them into laundering schemes with the lure of quick and easy cash. This method can be very challenging to detect since the scammer does not interact directly with the banking platform and instead convinces the user to perform an action. Mobile malware is also a key feature in Gen Z fraud, with multi-factor authentication intercepted by scammers, hijacking their operating system through fake apps. All customers need protection Customers want convenience, and financial providers should be able to provide the security they need. If you keep putting the onus on the customer to jump through hoops, they’re going to move to a provider that takes the burden of security out of their hands. Thanks to the dynamic nature of cybercrime, managing fraud risk is a considerable and ever-evolving challenge. As scammers have got smarter, authentication methods have remained stagnant, leaving customers vulnerable to attack. To provide robust protection, financial institutions must recognise the vulnerability of one-time passcodes and knowledge-based authentication and look for solutions that go beyond the device, IP, and network-based attitudes. They must look to user behaviour to catch criminals before they strike. Behavioural biometrics technology seeks out scammers through how they interact with online platforms, while ensuring that customers still have the frictionless banking experience they desire. Working passively in the background of a user web or mobile session, this technology monitors thousands of parameters such as pressure used when typing, how online forms are navigated, and whether multiple fields are copied and pasted. For instance, in practice, behavioural biometrics can look for anomalies in digital interactions to reduce the risk of account takeover and identify ‘mule personas’ on social media to seek out potential mule herders. It can also detect potential social engineering scams, looking at typing hesitation and session length as indicators of foul play. Scammers are constantly altering their tactics and targets. Equipped with the technology to hoodwink financial institutions and infiltrate two-step authentication, it has become clear that new solutions are needed to protect vulnerable customers. Whether it’s elderly victims of social engineering scams, or Gen Z falling prey to mule herders in their DMs, the most effective way to catch fraudsters is to monitor and detect their behaviour online. Armed with behavioural biometrics technology, financial institutions can protect their customers from ever-increasing threats, delivering frictionless, yet secure, banking.

BioCatch Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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  • When was BioCatch founded?

    BioCatch was founded in 2010.

  • Where is BioCatch's headquarters?

    BioCatch's headquarters is located at 132 Derech Menachem Begin, Tel Aviv.

  • What is BioCatch's latest funding round?

    BioCatch's latest funding round is Series C - II.

  • How much did BioCatch raise?

    BioCatch raised a total of $211.61M.

  • Who are the investors of BioCatch?

    Investors of BioCatch include Citibank, Barclays Bank, National Australia Bank, HSBC Venture Capital, OurCrowd and 14 more.

  • Who are BioCatch's competitors?

    Competitors of BioCatch include PerimeterX, Jewel Paymentech, Clausematch, Incognia, Yottaa, BehavioSec, Source Defense, SEON Technologies, Nymi, Fraud.net and 63 more.

  • What products does BioCatch offer?

    BioCatch's products include Account Opening Protection and 3 more.

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