New integration provides greater context for authentication and collaborative fraud mitigation
BehavioSec, the leading behavioral biometric technology company, today announced a new partnership with Kount, the premier fraud prevention solution for card-not present transactions, which incorporates BehavioSec’s behavioral biometric technology into Kount’s comprehensive fraud management platform.
For more than a decade, Kount has created industry-leading fraud prevention services that enable online merchants boost sales and reduce losses associated with fraud. Reviewing billions of transactions and protecting some of the world’s best-known brands, Kount has helped customers stay ahead of fraud through the constant development of patented technologies and strategic partnerships.
BehavioSec deploys continuous machine learning, which authenticates users of apps and other interactive technology based not on what they do, but on how they do it. This behavioral biometric technology, now adopted by Kount, can verify and confirm a user’s identity by monitoring how they naturally interact with their device – through mouse movements, keystroke dynamics, and other behaviors – delivering instant identity verification, without impacting the user experience.
Neil Costigan, CEO at BehavioSec, comments: “It is clear that to achieve true digitalization of our everyday transactions, we need to automate and combat online fraud through a layered and collaborative approach. By teaming up with Kount, we can now provide the e-commerce community with this unique behavioral technology, and work together to create a better and more secure experience for consumers across the world.”
Rich Stuppy, COO of Kount, comments: “As fraud rapidly evolves, so must our solutions to manage and prevent it. As strong advocates of collaborative fraud mitigation, we’re thrilled to partner with BehavioSec and incorporate their unique behavioral technology to further enhance our award-winning platform and machine learning capabilities. Together, we can better equip customers ranging from acquiring banks, to payment service providers, to online merchants to authenticate transactions and identify fraud before it happens.”
About BehavioSec
BehavioSec is a leading cyber security platform, providing a multi-layered, customer-security solution known as behavioral biometrics. A market leader in its native Scandinavia, Stockholm-based BehavioSec is the subject-matter expert for behavioral biometrics solutions, with growing numbers of customers in American, Asian, and European markets now bolstering their security with the technology. Billions of transactions have been completed using BehavioSec verification, protecting the interests of over 35 million end users.
About Kount
Kount helps businesses boost sales by reducing fraud. Our all-in-one, SaaS platform simplifies fraud detection and helps online businesses accept more orders. Kount’s turnkey fraud platform is easy-to-implement and easy-to-use. Kount’s proprietary technology has reviewed billions of transactions and provides maximum protection for some of the world’s best-known brands. Merchants using Kount can accept more orders from more people in more places than ever before. For more information about Kount, please visit www.kount.com.