The Silicon Review
We live in an era of targeted marketing, where online and offline behavior and personality traits determine what products will be advertised to us. When computer algorithms have become intelligent enough to analyze a person's personality and behavior, it is no surprise that personality traits are being used to uniquely identify people. Analysis and matching of these behavioral traits about a person form the basis of behavioral biometrics. It is different from physiological biometrics where physical traits like fingerprints, facial or iris scans are matched to identify a person. Behavioral biometrics analyzes traits and micro-habits like voice, keystrokes when typing, navigational patterns, engagement patterns, etc.
BehavioSec is a pioneer in behavioral biometrics that uses deep authentication to continuously validate the user's identity with zero friction and over 99% accuracy. The platform is deployed across Global 2000 companies supporting millions of users and billions of transactions. BehavioSec puts an end to Account Takeover with Deep Authentication, a new method of verification powered by Behavioral Biometrics. Deep Authentication automatically verifies people without adding friction, allowing you to keep fraudsters at bay while drastically reducing costs to the organization.
Path-breaking biometric solutions offered by BehavioSec
Account Takeover: Credential breaches have become an unfortunate reality of the company's digital lives. Organizations spend significant resources in attempts to insulate themselves from attacks and breaches, yet Account Takeover attacks continue to be a costly problem across industries. BehavioSec puts an end to Account Takeover with Deep Authentication, a new method of verification powered by Behavioral Biometrics. Deep Authentication automatically verifies people without adding friction, allowing you to keep fraudsters at bay while drastically reducing costs to the organization.
New Account Fraud: Breaches of user credentials and Personally Identifiable Information (PII) continue to occur and add to the 2 billion stolen credentials that are already available on black markets. Using these, fraudsters are now more armed than ever when setting up new accounts using stolen or fictitious identities.
BehavioSec addresses New Account Fraud with Population Profiling powered by Behavioral Biometrics. Using data gleaned from the behavior of a population of normal users, the firm can help you quickly pinpoint fraudsters, whether of bot or human origin.
PSD2 and Strong Customer Authentication: Digital transformation continues to change the world and authentication must evolve in order to support both customer and business needs. Technological advances add new risks for the customers, spurred on by rapid change and global mobility. The Payment Services Directive 2 (PSD2) attempts to mitigate this increased customer risk by adding rigorous vendor requirements through regulation.
BehavioSec can help you enable Strong Customers Authentication through Behavioral Biometrics, a frictionless PSD2 compliant inherence factor. BehavioSec's Deep Authentication helps you stay compliant with EU and US regulations without burdening your customers.
Checkout Fraud: Fraudsters continue to use stolen and fictitious identities to gain access to goods and money from online retailers. E-Commerce is impacted by both New Account Fraud and Account Takeover, often through the automated credential stuffing, making it harder for online retailers to adapt in an era where payment method flexibility and automated fulfillment centers are becoming the norm.
BehavioSec reduces Checkout Fraud by using Population Profiling and Deep Authentication, both powered by Behavioral Biometrics. Using metadata from normal behavior and previous customer interactions, BehavioSec can detect fraud without adding friction, allowing you to focus on improving your customer experience and conversion rates.
Risk-Based Authentication: The authentication security model used on by the firm is modern devices, apps, and services is based on a simple pass/no pass approach first popularized in the 1970s. But that outdated model is no longer suitable. Product, customer experience, and user experience teams are continuously decreasing friction to meet the future expectations of busy, multi-tasking users. For companies looking to compete in a crowded and demanding market, strong security is a basic standard, but good customer experience is a competitive edge.
BehavioSec enables Risk-Based Authentication through Deep Authentication. By verifying your users' identities based on how they continuously interact authentication becomes an ongoing process, not just a one-time step. Best of all, this is done transparently, with no added friction to the customers.
The mastermind behind the triumph of BehavioSec
Dr. Neil Costigan is the Chief Executive Officer of BehavioSec. Dr. Neil brings over 25 years of effective entrepreneurial and technical leadership in venture-backed startups and global technology corporations throughout the EU and the US. Before BehavioSec, he built his career in software development, executive leadership, and entrepreneurship. As the co-founder and CTO at PKI Specialists Celo Communications (Celo) first in Stockholm then California, he advanced the technical strategy and formed strong strategic partnerships. He also served as Vice President of R&D at Gemplus (now Gemalto), a digital security giant in Aix-en-Provence, France.
A cryptographer by training, Neil received both a B.S in Computer Applications and an M.Sc in Computer Science from Dublin City University. He furthered his education by graduating with a Ph.D. in Computer Science for his thesis on Elliptic Curve Cryptography on Modern Processor Architectures. He currently resides in San Francisco, USA. When he isn't traveling between San Francisco and Luleå on business, he enjoys adventure biking and a friendly match of pool.