BioCatch Blog
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Follow the BioCatch blog for the latest insight on fraud prevention and detection from the leading company in behavioral biometrics. BioCatch is a digital identity company that delivers behavioral biometrics, analyzing human-device interactions to protect users and data.
BioCatch Blog
5d ago
Artificial intelligence (AI) has been a crucial tool for financial institutions (FIs) in the fight against fraud for the last thirty years. Once the purview of card networks and payment processors decisioning transactions, AI is now delivering value in detecting malicious transactions of all types across a multitude of different organizations and institutions. Yet as highlighted in a recent study by the U.S. Treasury, not all organizations are equal in their ability to deploy and leverage AI ..read more
BioCatch Blog
1w ago
There are a multitude of reasons why certain crimes flourish, and as night follows, day is inevitable at some point that you'll hear the words "We can't arrest our way out of this problem".
Fraud (or Scams) is an example of a form of crime that has surged of late; in England and Wales, it now makes up 38% of all crime and results in a total economic and social cost to individuals estimated to be £6.8 billion.
In parallel to that surge, we’ve also seen conviction rates worldwide tumble. England and Wales have seen arrests drop from 14,000 in 2015/16 to just shy of 5,000 in 2022/2 ..read more
BioCatch Blog
1w ago
Editor’s note: This is the Part I of a two-part blog post. The image above is from the 2024 theatrical release poster (Amazon MGM Studios ..read more
BioCatch Blog
1w ago
Criminals in Denmark are using a wide range of tactics to steal Danish consumer savings, scamming Danes out of $2.82 billion in the last 12 months alone – a 62% increase from the year before ..read more
BioCatch Blog
3w ago
In our latest country-specific report (which follows up on our recent Digital Banking Fraud Trends in EMEA report), BioCatch research shows retail banking customers in Germany see – or at least fall for – fewer of the purchase scams tormenting the rest of the continent (and the world) and encounter more impersonation and investment scams. Most often, these attacks come from native German-speakers residing in Eastern Europe (the English-speaking world primarily sees scams originating in Asia), making these scams appear more legitimate to German victims ..read more
BioCatch Blog
1M ago
In 2022, I wrote a white paper that recommended several controls banks could deploy to reduce financial scams in Zelle. Some of these recommendations involved slowing down the transactions including ..read more
BioCatch Blog
1M ago
The Global Anti-Scam Alliance (GASA), together with BioCatch, just released its 2024 State of Scams in Sweden report. It shows Swedes lost $2.75 billion in scams in the last 12 months alone ..read more
BioCatch Blog
1M ago
I launched the U.S. Secret Service’s Global Investigative Operations Center in August 2017 to serve as the internal fusion center to disrupt and dismantle financially motivated transnational organized criminal groups. At the time, I had extremely limited resources. How limited? It was me and two analysts ..read more
BioCatch Blog
1M ago
Earlier this week, the UK hosted a ministerial-level fraud summit attended by key people from a number of countries: The English speaking Five Eyes Alliance (USA, Canada, Australia, New Zealand, and the UK), members of the G7, Singapore, and the Republic of Korea. The UK Home Office just published a summary of this gathering ..read more
BioCatch Blog
1M ago
The following is a conversation with award-winning crime reporter Diamant Salihu, who’s speaking at BioCatch’s Threat Talk Live in Copenhagen on April 23. It’s been translated from Swedish to English ..read more