Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary

10:30 AM
Becca Lipman
Becca Lipman
Connect Directly

Behavior Biometrics a Popular Defense Against Cyberthreats

Banks are capturing behavioral data like swipes, typing cadence, and mouse patterns to identify fraudulent account activity.

At Finovate this week, BioCatch, a firm specializing in capturing and analyzing cognitive biometrics, demonstrated a new trend in mobile security. This concept has been rapidly adopted and is wildly effective among major banks and e-commerce firms to stop fraud at the point of sale.

Behavioral authentication tools are capturing the behavioral footprint or cognitive DNA we all use when interacting with a device, be it a PC or a mobile application. A mobile device's gyro can capture the tilt of the user's hold, and the accelerometer captures swipes, pinches, zooms, and typing cadence. It takes only an application upgrade to start capturing subtle bio-behavior data and relaying it back to the bank to build user profiles.

If the sensors and signals show enough divergence in behavioral genetics, it can indicate an account takeover, even if all other elements -- like username, passwords, IP address, and device identification -- appear legitimate.

Malware also has DNA of its own in the scripts that are meant to go in and populate credentials in accounts and execute wire payments or whatever it is designed to do. The scripts are meant to look human, but they can look too perfect, or maybe too efficient. Even with malware scripts that have been made anonymous and developed to be polymorphic (coded to do things differently each time), there's still an underlying behavioral DNA.

[Read the full story on Wall Street & Technology]

Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.