BioCatch

Traditional device identification has grown increasingly unreliable. Criminals utilize emulators, spoofed devices, cloaked browsers, and other evasion techniques to repeatedly attack financial institutions from the same physical devices. At the same time, agents, deepfakes, and other AI tools are poised to very soon start interacting with digital banking platforms at unprecedented scale, testing the limits of traditional fraud detection and prevention strategies. Today, BioCatch introduces DeviceIQ, a new product to help financial institutions not only reliably recognize devices in this environment, but also evaluate real-time device health, re-determining for every digital banking session whether a device (recognized or not) can be trusted. The depth and richness of these device insights allows banks to more accurately detect fraud risk earlier in every digital banking journey. DeviceIQ enables banks to: • Recognize legitimate device upgrades and app reinstalls without unnecessary friction for genuine customers • Identify compromised or manipulated devices before login • Draw on network intelligence from across the BioCatch customer ecosystem to detect risky devices seen at other banks • Distinguish between human-led sessions, AI agent-led sessions, and hybrid sessions Learn more: okt.to/VOhrt8 #FinancialCrime #FraudPrevention #BankingIndustry

For a long time, one of the most popular blogs on our site has been this post from 2022: What is behavioral biometrics? Much has changed (at BioCatch, in banking, and in the world) over the last four years, so our Sharell Barshishat thought it was time for an update. Read his latest blog: okt.to/W7G0vP #FinancialCrime #FraudPrevention #BankingIndustry

[IN CONVERSATION] South Africa’s digital banking growth is increasing convenience for consumers, but it is also intensifying fraud risks as criminals exploit digital platforms, instant payments, and AI-driven scams, according to @BioCatch research. The study found that 75% of banking leaders reported a rise in fraud attempts, while 79% said losses are increasing, with many estimating losses above $5 million. Jonathan Frost warns that criminals are shifting to social engineering tactics and calls for more coordinated, cross-sector fraud prevention measures, as CNBC Africa’s @Retha_Jae reports. #CNBCAfrica #DigitalBanking #FraudRisk #SouthAfricaFinance

We recently surveyed 100 fraud and financial crime leaders at banks across South Africa on the biggest pressures they face, the threats they’re watching most closely, and their readiness for the regulatory and technological shifts ahead. To access the full report, click here: okt.to/ZDQEzA #FinancialCrime #FraudPrevention #BankingIndustry

A new episode of Nick Stapleton's Scam Clinic is out. In Episode 4, Nick speaks with Manish Agrawal, vice president of credit intelligence and control at HDFC Bank in India, starting at around 12:20. The topic: the voice of authority. Scammers go out of their way to seem important, unreachable, and in control. Manish explains how it all comes down to greed and fear. Give it a listen: • Spotify: okt.to/1zL5Jy • Apple Podcasts: okt.to/wdLDq0 #FinancialCrime #FraudPrevention #BankingIndustry

The U.K. changed the rules of fraud liability. Will Europe follow suit? In 2024, the U.K.’s APP reimbursement rules introduced shared liability between sending and receiving institutions, forcing a more coordinated, system-wide response to scams. Now, attention is turning to Europe. With PSD3 on the horizon, liability is set to expand across the payment chain, from banks to PISPs and beyond. For fraud and risk leaders, this isn’t just another regulatory update. It’s a structural reset. What does that mean in practice? Our Heidi Bleau breaks it down in our latest blog and infographic. Read more: okt.to/oWR9BN #FinancialCrime #FraudPrevention #BankingIndustry

In scam prevention, false positives carry real costs: unnecessary investigations, added friction, damaged trust, and customer attrition. In his latest piece in our "precision pays" series, Jonathan Frost explores why what effective scam controls don't flag matters as much as what they do. Read his complete piece here: okt.to/46RI5d #FinancialCrime #FraudPrevention #BankingIndustry

The Office of the United Nations High Commissioner for Human Rights (OHCHR) estimates 300,000 people trafficked 66 countries currently work in sprawling scam compounds against their will. Estimates for the combined annual proceeds of those camps exceed $60 billion. “We’ve got half a million people in modern-day slavery in 2026,” said Erin West, founder and president of Operation Shamrock. In our latest Dark Economy story, we hear from one of those victims, Small Q, a 23-year-old Ugandan national who shares what life was like inside one of these compounds and the dangerous path he took to escape. “Everyone was holding guns and wearing uniforms,” Small Q said. “I was like, have these people mistaken me for someone else? But then they introduced me to my supervisor, who actually told me very openly: ‘You are here to scam. You are in Myanmar. Do what we tell you to do if you want to survive in this place.” Read the full story here: okt.to/NVgFt4 #DarkEconomy

Digital identity verification is now central to how banks and fintechs onboard customers. Most systems rely on selfie videos and liveness checks to confirm a real person is present. The assumption is simple: If the camera is live, the user is physically there. A growing selection of AI tools are now rendering this assumption incorrect. In a new blog, our Thomas Peacock looks at one of these tools used by criminals to create deepfakes for account opening, and how behavioral intelligence can recognize the use of these tools in real time. Read his complete piece here: okt.to/aGet3J #FinancialCrime #FraudPrevention #BankingIndustry

The latest episode of Nick Stapleton's Scam Clinic is out. At around 20:10, Nick sits down with Shakira Brannan, assistant vice president of risk at Signal Financial Federal Credit Union. They discuss the isolation tactic: the scammer habit of cutting victims off from friends, family, and anyone who might slow them down. As Shakira puts it, scammers don't want you getting a second opinion. Give it a listen: Spotify: okt.to/qQzSot Apple Podcasts: okt.to/0LZnBv #FinancialCrime #FraudPrevention #BankingIndustry

In 2025, nearly 50 U.S.-based financial institutions on the @lumindigital platform utilized BioCatch solutions to prevent an estimated $46 million in fraud losses. In a new blog, BioCatch threat analysts Hannah Jacobson and Justin Hochmuth unpack those numbers and look ahead to the deployment of BioCatch's Mobile SDK for Lumin Digital customers. Read their piece here: okt.to/XS1Wqb #FinancialCrime #FraudPrevention #BankingIndustry

@AnthropicAI recently announced its Claude Mythos Preview model was too powerful to release to the public. The AI Security Institute found Mythos Preview was able to autonomously identify vulnerabilities and execute attacks multi-stage attacks. Critics have discounted the announcement as fear-mongering marketing, pointing out just how few of the thousands of critical vulnerabilities Mythos identified were then manually reviewed. In a new blog, our Jonathan Frost encourages financial institutions to remain focused amid all this noise, asking themselves not if Mythos can break their infrastructure today but if their defenses are built for an attacker who does not appear to be human — and, crucially, whether they can make that determination without making life harder on the customers who do. Read his complete piece here: okt.to/epDGqV #FinancialCrime #FraudPrevention #BankingIndustry

PSD3 makes fraud, data, and liability a board-level issue, yet in many institutions, ownership is still fragmented across payments, compliance, and financial crime teams. That disconnect creates real risk. In our latest blog, Nicolas Strömbäck breaks down what’s changed, why it matters now, and what industry leaders need to do to take control. Read now: okt.to/onQ16Y #FinancialCrime #FraudPrevention #BankingIndustry

What does it take to tackle mule account risk at scale? National Australia Bank (@NAB) recognized that mule profiles aren’t just marginal or low-value customers. They represent measurable financial crime risks. Using BioCatch’s Mule Account Detection model, NAB identified 22,000 high-risk profiles, refined that list to 10,000, and achieved better than 99% accuracy in the process. The result? A powerful example of how financial institutions can build an enterprise-wide approach to detect and act on mule activity with confidence. Check out the full case study to see how NAB approached this challenge and what others can learn from their success: okt.to/8LJabZ #FinancialCrime #FraudPrevention #BankingIndustry

Mule accounts don’t always create visible financial losses, but they do create real costs. Across operations, compliance, and fraud teams, these accounts quietly drain resources while generating little long-term value. Today, in partnership with The Knoble, we’re introducing a new mule account cost calculator to help institutions better quantify this hidden impact. Our Heidi Bleau shares what she learned in the process. Read on: okt.to/rKoAke #FinancialCrime #FraudPrevention #BankingIndustry

Our Director of Global Advisory for North America Sharell Barshishat joined Erin West on the Stolen Podcast to talk about what it actually takes to fight fraud in 2026.   Listen here for Sharell's take on the right mix of technology, regulation, and collaboration: okt.to/letnM2 #FinancialCrime #FraudPrevention #BankingIndustry

Today, we published our 2025 Digital Banking Fraud Trends in the UK report. Our UK customers continue to defend against an increasing onslaught of social engineering scam attempts (up 62% in the last year). Traditional account takeover attacks, meanwhile, are on the decline. You'll find a few key headlines in the carousel below. For the complete report, including pieces from Katy Worobec and Alex Robinson, click here: okt.to/wTP9jH #FinancialCrime #FraudPrevention #BankingIndustry

In November of last year, the Central Bank of Nigeria (CBN) issued draft guidelines that frame APP fraud not just as misconduct but as a systemic risk to economic security and public confidence. In a new blog, Jonathan Frost compares this Nigerian approach to scam reimbursement to the UK's: okt.to/AkCMi0 #FinancialCrime #FraudPrevention #BankingIndustry

PSD3 is rewriting the rules on fraud liability, reimbursement, and customer protection. Banks can't afford to wait. Join us April 23 to break down what the regulation means today, what remains unclear, and how financial institutions can stay ahead. Hear from: • Frank Schwab, board member and advisor • Neira Jones, international payments and fraud expert • Nicolas Strömbäck, governance, compliance, and AML advisor They'll cover: • What PSD3 changes in fraud liability, reimbursement, and customer protection • What's confirmed in the regulatory framework, and what isn't • What banks should be doing now to prepare Register here: okt.to/HAvahl #FinancialCrime #FraudPrevention #BankingIndustry

Fraud teams are walking a tightrope between stopping sophisticated attacks and keeping digital banking experiences smooth. BioCatch is joining us at Alkami Co:lab to dig into what’s happening behind the scenes. In this partner spotlight, Justin Hochmuth from BioCatch talks about using behavioral data to spot account takeover and mule activity that traditional tools miss—so financial institutions can act before funds move. Justin will be presenting, “Seeing the Invisible: BioCatch Link for Account Takeover & Mule Detection,” on Tuesday, April 14 at 8:20am in our Partner Theater. Make sure to add BioCatch to your Innovation Lab must-visit list in the Attendee Hub booth #108: bit.ly/40JfQny #AlkamiColab #DigitalBanking #FraudPrevention #BehavioralBiometrics #MuleDetection #FintechPartners #CreditUnions #Banks

We surveyed 100 fraud and financial crime team leaders at banks in the United Arab Emirates. You can find a preview of the results in the carousel below. To see the complete report, click here: okt.to/fbv9p0 #FinancialCrime #FraudPrevention #BankingIndustry