We're thrilled to announce our best first half in company history. In the first six months of 2024, BioCatch achieved 43% growth in its annual recurring revenue (ARR), compared to the same period in 2023. Other milestones include: ▪️ 400 million banking customers protected ▪️ 11 billion user sessions analyzed per month ▪️ Preventing an estimated $4.72 billion in fraud since 2018. BioCatch is #unstoppable! Access the full announcement: https://okt.to/6hGdS4 #FinancialCrime #BankingIndustry
BioCatch
Computer and Network Security
Tel Aviv-Yafo, Tel Aviv 20,052 followers
Unlocking the power of behavior to create a digital world where identity, trust and ease seamlessly co-exist.
About us
BioCatch is the leader in Behavioral Biometrics which analyzes an online user’s physical and cognitive digital behavior to protect individuals and their assets. Our mission is to unlock the power of behavior and deliver actionable insights to create a digital world where identity, trust and ease seamlessly co-exist. Leading financial institutions around the globe use BioCatch to more effectively fight fraud, drive digital transformation and accelerate business growth. With over a decade of analyzing data, over 60 patents and unparalleled experience, BioCatch continues to innovate to solve tomorrow’s problems.
- Website
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http://www.biocatch.com
External link for BioCatch
- Industry
- Computer and Network Security
- Company size
- 201-500 employees
- Headquarters
- Tel Aviv-Yafo, Tel Aviv
- Type
- Privately Held
- Founded
- 2011
- Specialties
- Behavioral Authentication, Continuous authentication, Cybersecurity, Malware Detection, Fraud Detection, Identity and Access Management, RAT Detection, Behavioral Biometrics, and Online & Mobile Banking
Locations
Employees at BioCatch
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Avi Ofrane
Business and Life Coach
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Cassiano Cavalcanti
Director Pre-sales LATAM | Strategic Account Mgmt | Engagement | Data Science
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Dominique Ango
Regional Manager helping banks to prevent financial crime & fraudulent attacks by providing disruptive AI/ML and Behavioral Intelligence technology…
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David G. Smith
Presales Engineer at BioCatch
Updates
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Fraud fighters, let's unite in Charlotte! Come visit us at booth #29 at the Financial Crime and Cybersecurity Forum by Datos Insights. From Aug. 27-28, connect with 400 senior executives to discuss the latest trends in fraud, AML, and cybersecurity. Register now: https://okt.to/RZ7MP5 #FinCrimeForum #FraudPrevention #CyberSecurity
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Quadrant Knowledge Solutions has recognized BioCatch as a leader in behavioral biometrics and device intelligence in Quadrant's latest 2024 SPARK Matrix. The report stresses the urgent need for behavioral biometrics in fraud defenses due to rising GenAI-powered threats and fragile legacy systems. Check out the full details here: https://okt.to/62X5Is #QuadrantKnowledgeSolutions #SPARKMatrix #BankingIndustry
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Big challenges are coming up for payment service providers in the UK. With mandatory reimbursement for Authorized Push Payment (APP) scams, banks will be tested to find the right balance between security and user experience. Learn more from Jonathan Frost about the future of friction in payments: https://okt.to/eGREd6 #RiskManagement #UserExperience #BankingIndustry
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BioCatch data shows fraud volume in India grew by 101% in the first five months of 2024. Our director of global fraud intelligence, Thomas Peacock, examines this and other trends we’ve seen in the months following the release of our 2024 Digital Banking Fraud Trends in India report. Click here for his complete analysis: https://okt.to/LFAoE5 #FinancialCrime #FraudPrevention #BankingIndustry
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Will the Paris Olympics provide a hub for cybercrime? Our 2024 Digital Banking Fraud Trends in France report is out today, outlining the many opportunities for fraud created by the gathering of thousands of fans and athletes in Paris. Click here to view the complete report: https://okt.to/G6tlfa #FinancialCrime #Biometrics #BankingIndustry
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Scams losses continue to increase throughout the APAC region — except in Australia, where they declined by $90 million last year. In a new blog post, our director of global fraud intelligence, Thomas Peacock, makes the case for Southeast Asian countries using Australia as the model from which to craft their own fraud-fighting legislation. Read his considerations now: https://lnkd.in/eGCy5mM6 #FinancialCrime #Compliance #BankingIndustry
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Our latest BioCatch white paper delves into the threats posed by #AI powered scams ⤵️ • In 2023 alone, consumers worldwide lost billions of dollars to these scams, causing immense personal, emotional, and economic damage; • New AI tools only amplify this global menace; • It's clear traditional methods aren't enough; • AI has changed the game. To keep up, fraud fighters must also adapt. Discover how to stay ahead and protect your customers: https://okt.to/Ddo27c #FinancialCrime #BankingIndustry
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In his latest blog post, Global Advisor Edgar Zayas applauds Thailand's shut down of hundreds of thousands of money laundering accounts, but points out the operation only targets a few of BioCatch's money mule personas. Multiple mule accounts remain, and extra work is required to find and close them. Read his considerations: https://okt.to/Hbkg4U #FinancialCrime #FraudPrevention #BankingIndustry