As mobile devices eclipse computers and laptops as the preferred method of going online, fraudsters have followed users, porting their modus operandi -account takeover, social engineering, and malware based remote control attacks - to the mobile arena. Thus, hackers have many more opportunities to perpetrate fraud and carry out attacks that cannot be detected with traditional tools used to detect attacks in web sites.
As a result, companies need to apply new fraud controls to protect mobile users and enable them to carry out transactions, check bank accounts, make purchases, etc. without negatively impacting user experience. How can banks protect their customers from account takeover, or from being social engineered into giving fraudsters access to their devices?
Download this whitepaper to explore how BioCatch Behavioral Biometric technology:
- Provides continuous, secure authentication on mobile apps and detects threats while being invisible to users;
- Enables banks and other organizations to provide more services securely in the mobile arena;
- Offers a full solution that addresses both security as well as frictionless user-experience.