Category Archives: biocatch

Report: Big U.S. Banks Are Stiffing Account Takeover Victims

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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→

The proliferation of money mules and how behavioral biometrics can combat this form of fraud

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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→

Photos: Cyber Week 2022

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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→

Attack methods using hybrid bots enable criminals to open mule accounts at scale

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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 Mule Account Detection brings mule detection capabilities for financial institutions

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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 announces key executive hires to the Fraud & Risk Intelligence executive team

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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 raises $145M to accelerate growth and expand mission-critical behavioral insights

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BioCatch, the global leader in behavioral biometrics, announced it has completed a $145 million Series C investment led by Bain Capital Tech Opportunities, the growth investing business of Bain Capital. Also joining the round are new investors includin… Continue reading BioCatch raises $145M to accelerate growth and expand mission-critical behavioral insights→