Behavioral biometrics firm BioCatch picks up Frost & Sullivan award
BioCatch has been acknowledged by Frost & Sullivan for its position in the behavioral biometrics landscape and its patented Invisible Challenges solution that helps identify fraudsters without compromising the user experience.
The 2017 Global Frost & Sullivan Award for New Product Innovation is given to the company that develops an innovative product to leverage leading-edge technologies and is recognized as best in class in three key areas: understanding demand, nurturing the brand, and differentiating from the competition.
“The financial technology revolution is reshaping the traditional financial services ecosystem as a whole, and BioCatch has dedicated themselves to offering next-generation security to online users,” explained Ram Ravi of Frost & Sullivan. “BioCatch provides a robust and holistic approach to cybersecurity through their patents, offering a full range of behavioral biometrics for continuous authentication. BioCatch’s continuous authentication technology provides advanced threat detection and fraud prevention, and we believe that The New Product and Innovation Award was well deserved.”
“In today’s digital world, fraudsters have become increasingly savvy, and are constantly evolving their tactics to compromise our data,” said Eyal Goldwerger, CEO of BioCatch. “To help prevent fraud, there needs to be a very sophisticated solution that is able to stay one step ahead of fraudsters by distinguishing between genuine user behavioral and fraudsters. This award from Frost & Sullivan helps to validate BioCatch’s approach of leveraging advanced data science and machine learning to solving some of the toughest cybersecurity challenges, and we’re honored to receive it.”