NEW YORK, NY October 19, 2022— BioCatch, the global leader in fraud detection and pioneer of behavioral biometrics, today unveiled its Phishing Site Detection with Phishing Victim Reports, a new solution built to detect phishing site attacks directed at financial institutions. These solutions arrive as phishing levels reach all-time highs, with the financial services industry hit the hardest in recent years. In Q1 of 2022 the financial sector was most frequently victimized by phishing, representing 23.6% of all attacks. In 2021 alone, consumers lost $43 billion through robocall and phishing-based fraud, with the average victim losing $1,100.
BioCatch is pleased to be addressing the massive phishing problem and announcing their new solution during cybersecurity awareness month. Cybersecurity Awareness Month started in 2004 as in initiative led by the Cybersecurity and Infrastructure Security Agency (CISA) and the National Cybersecurity Alliance (NCA) lead a collaborative effort between government and industry to raise cybersecurity awareness nationally and internationally. This year one of the key pillars is educating the public on identifying and avoiding phishing scams as phishing calls, texts, and websites have become a pandemic in today’s digital age.
Today’s phishing attacks are a gateway to a larger fraud lifecycle. Phishing websites have nearly identical domain names and appearances as official websites, enabling them to appear as legitimate and lure…
