Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a rising demand for fraud prevention solutions. Permira’s acquisition comes almost exactly a year after the...
BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel Aviv, announced Permira’s acquisition Wednesday (May 3), noting it was now BioCatch’s third largest shareholder after Bain Capital and Maverick...
While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. The treasury department is an increasingly attractive target to cyber fraudsters. Account...
U.S./Israeli startup BioCatch announced it has closed a $30 million funding round led by Maverick Ventures. Founded in 2011, BioCatch uses behavioral biometrics to prevent cyberattacks, analyzing the actions of hackers to better identify malicious behavior and stop it from occurring in real time. “BioCatch helps...
August 03, 2017
Fraudsters are good at what they do. Payments got faster, but so did criminals. Banks built more defenses, and bad guys jumped over them with glee. But Uri Rivner, BioCatch co-founder, head of cyber strategy and vice president, said in a recent webinar with PYMNTS’ Karen Webster that things are getting better — and the U.S. […]
May 23, 2017
When the U.K. implemented Faster Payments, fraud tripled as fraudsters exploited the vulnerabilities of a new system that moved money in an instant. In the latest Data Drivers, BioCatch’s head...
November 20, 2024
Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect the company’s banking customers against scams, fraud and other financial crimes by offering real-time assessments of account trustworthiness, according to a Wednesday (Nov. 20) press release. “The network’s foundational behavioral […]
May 02, 2024
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a...
May 03, 2023
BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel Aviv, announced Permira’s acquisition Wednesday...
March 13, 2018
U.S./Israeli startup BioCatch announced it has closed a $30 million funding round led by Maverick Ventures. Founded in 2011, BioCatch uses behavioral biometrics to prevent cyberattacks, analyzing the actions of hackers...
