BehavioSec Provides Unique Anti-fraud Safeguards That Deliver Continuous Authentication Utilizing Behavioral Biometrics
Summary
SAN FRANCISCO--( BUSINESS WIRE )-- BehavioSec , the first vendor to pioneer behavioral biometrics, continues rapid growth and momentum as more financial institutions, retailers, app developers and cloud service providers turn to the company’s flexible software platform for safeguarding their customers and dramatically slashing fraud costs.“The advent of behavioral biometrics turns the tables on cybercrime by forcing fraudsters and malware to beat the one thing they cannot copy - each person’s innate habits and patterns of life,” explained BehavioSec CEO Neil Costigan.BehavioSec’s Behavioral Biometrics Platform eliminates implementation and complexity hurdles by rapidly embedding into popular mobile applications, Web storefronts and SaaS portals, so enterprises realize immediate risk scoring and security advantages without offsetting coding and integration challenges delaying return on investment (ROI).In addition to better risk scoring and cost savings, BehavioSec’s growth follows the boom in fintech and digital currency platforms looking to add enhanced security as an amenity and the need for more businesses around the world to comply with tougher payment regulations.“Consider far-reaching ‘SIM swap’ attacks, where a criminal moves a victim’s mobile phone number to a new SIM card and effectively hijacks someone’s digital life by redirecting every verifying text message, two-factor authentication code and voice call to a new handset,” Blake continued.
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