Biotech Fraud-Detection Firm BioCatch Bags $10 Million In Funding
6/26/2014 6:46:40 AM
BioCatch, a Tel Aviv-based security firm that monitors the use of banking and e-commerce sites in order to pick up fraudulent activity, has raised a $10 million Series A round through venture capital firm Blumberg Capital and the high-stakes equity crowdfunding site OurCrowd.
The company looks at around 400 behavioral signs to spot where things are not as they should be. It examines how users move their mouses and use their trackpads; if they’re using a mobile device, it taps into the gyroscope and accelerometer to see how they’re holding it. If someone is entering payment details, it will study whether they use the numberpad or the keypad. It even checks how long the user takes to respond to prompts.
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