Cognitive Behavioral Biometrics from IBM can help Prevent Bank Fraud

Unfortunately, Cybercrime organizations continue to develop sophisticated malware and social engineering techniques to target financial websites and customers, typically with the goal of obtaining credentials to take over user accounts.

Based on this daunting reality, IBM focuses on a new behavioral biometric analysis capabilities in its digital banking fraud prevention technology, Trusteer Pinpoint Detect, using patented analytics and machine learning for real-time cognitive fraud detection.

I can observe that, the new behavioral biometric capabilities incorporate the use of machine learning to help understand how users interact with banking websites, creating gesture models based on patterns of mouse movements.