The token you can’t forgetBy BEHAVIOSEC
‘Behavioural biometrics’ is a technique that paints a portrait of a user through their interactions. The way we use websites and programs – mouse movements, typing rhythm, scroll speed and more – is very individual, and one company in particular is coupling this methodology with machine-learning algorithms to secure our accounts.
BehavioSec is based in Sweden and is the brainchild of students from the Luleå University of Technology. The company is one of Wired magazine’s ‘Europe’s 100 hottest startups’ as well as one of the ‘top ten most innovative companies of 2015’ (Fast Company Money). Since BehavioSec’s launch in 2014, backed by European VCs, the technology has been put to use by almost all banks in the Nordic region, protecting millions of bank accounts from financial fraud daily.
Banks and financial institutions are especially attracted to BehavioSec through its understanding and enhancement of vital customer relationships. BehavioSec secures transactions without annoying the client or impeding commerce. Even after a user has logged in through password or two-factor authentication, their behavioural biometrics are tracked and analysed. If these are different from prior website interactions, BehavioSec flags the user as potentially an anomaly – a hacked account, or bypassed security. Location plays a part too, in a similar way to traditional credit card security techniques.
The end result is a transparent method of securing online interactions. BehavioSec claims a 99% accuracy rate, especially for transactions with multiple inputs where, for example, users are banking through a mobile app. The company has demos on its technology for banks and eCommerce sites on its website. Software development kits are available too for mobile use. If you have ideas for products or licensing, get in touch with BehavioSec and help push security forward, smartly.
Image 'Blogging?' courtesy of Anonymous Account.
Last updated: 14th of September, 2015