Collaborate Disseminate
North American financial institutions fielded 10 times more reports of social engineering scams in 2024 than they did a year ago, according to BioCatch. The data shows scams now represent 23% of all digital banking fraud. Growing danger of deepfake and… Continue reading Social engineering scams sweep through financial institutions
When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. Continue reading Report: Big U.S. Banks Are Stiffing Account Takeover Victims
BioCatch announced that Jonathan W. Daly has joined the company as Chief Marketing Officer. With more than 25 years of executive marketing experience in high-growth technology companies, Jonathan W. Daly will be responsible for leading the development … Continue reading BioCatch hires Jonathan W. Daly as CMO
In the first half of 2022, BioCatch estimates fraudulent transfers to money mule accounts totaled $3 billion and that there are approximately 2 million mule accounts in the US. Additionally, researchers found that the average mule transaction amount is… Continue reading The proliferation of money mules and how behavioral biometrics can combat this form of fraud
Cyber Week is a large annual international cybersecurity event, hosted each year at Tel Aviv University in Israel. Cyber Week 2022 is held jointly by the Blavatnik Interdisciplinary Cyber Research Center (ICRC), The Yuval Ne’eman Workshop for Science, … Continue reading Photos: Cyber Week 2022
During the first half of 2022, BioCatch data reveals that money mule accounts represent up to 0.3 percent of accounts held by financial institutions, and an estimated $3 billion in fraudulent financial transfers. According to the Federal Deposit Insura… Continue reading Attack methods using hybrid bots enable criminals to open mule accounts at scale
BioCatch announced the appointment of Gili Brudno as Chief People Officer, adding robust experience in human resources for large-scale organizations to BioCatch’s senior leadership team as the company looks to increase its global footprint and expand i… Continue reading Gili Brudno joins BioCatch as CPO
BioCatch launched Mule Account Detection, a solution that delivers comprehensive protection against money mules, people who, at someone else’s direction, receive and move money obtained by criminal means. Mule accounts are a critical link in the … Continue reading BioCatch Mule Account Detection brings mule detection capabilities for financial institutions
RSA announced Armen Najarian, Leah Evanski, and Dan Welch as three new additions to the Fraud & Risk Intelligence executive team. All three now report directly to Reed Taussig, Chief Executive Officer of the RSA Fraud & Risk Intelligence busine… Continue reading RSA announces key executive hires to the Fraud & Risk Intelligence executive team
BioCatch announced that Mark Elliot has joined the senior leadership team as Chief Marketing Officer. In this role, Mark will lead all marketing efforts and grow the brand globally as BioCatch looks to broaden its product offerings and further support … Continue reading Mark Elliot joins BioCatch as Chief Marketing Officer