July 11, 2017 -
BioCatch has been granted a new patent entitled, “Device, Method, and System of Detecting Remote Access Users and Differentiating Among Users,” which marks the company’s 23rd patent.
The technology covered under U.S. patent 9690915 detects the presence of remote access tools, in order to distinguish between genuine and malicious online behaviors.
Remote Access Trojans (RATs) are a form of malware that enable a fraudster to take over administrative control of a device.
Through social engineering techniques, such as phone-based phishing or SMS-based smishing, these attacks increasingly involve hackers who assume control of a victim’s device via common remote access tools to gain access to their accounts, stealing credentials, and intercepting and redirecting online activity.
RATs are one of the more popular attack vectors because they are difficult to detecting. Traditional malware detection tools cannot recognize most RAT attacks because fraudsters remotely take over a user’s logged-in session, after the user has correctly authenticated themselves, with no malware involved.
These criminals seize a user’s login and device credentials, preventing traditional device and geolocation verification tools from effectively recognizing RATs.
“Rather than detect threats based on their origins which can be masked, BioCatch monitors the user’s known behavior at the destination in the online session, and protects the user by detecting threats that exhibit anomalous user behavior, whatever their provenance may be,” said Avi Turgeman, co-founder and CTO of BioCatch. “We are very proud to have been granted a patent for this approach, which further reflects the strong differentiation and value proposition that the BioCatch solution provides.”
This latest patent expands BioCatch’s intellectual property portfolio to a total of 48 granted and pending patents.
Many of BioCatch’s patents relate to the concept of Invisible Challenges, which involve subtle tests in an online session to prompt subconscious responses that can be analyzed by the BioCatch system.
BioCatch was recently named a Red Herring Top 100 company in both Europe and North America, as well as awarded 2017 Global Frost & Sullivan Award for New Product Innovation.