IBM is adding behavioral biometric analytics to fight banking fraud and bolsters its cloud business with the buy of an India-based cloud technology company.
The tech giant on Thursday announced the addition of the biometric analytics capability to its Security Trusteer Pinpoint Detect suite.
The new service will use “patented analytics and machine learning for real-time cognitive fraud detection,” Big Blue says.
“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 that become increasingly more accurate over time.”
“Given enough time and resources, cybercriminals can defeat passwords and security questions,” said Ravi Srinivasan, Vice President of Strategy for IBM Security. “Behavioral biometrics is about what the user does, not what the user knows. IBM Security Trusteer Pinpoint Detect now can now better differentiate real users from fraudsters using gesture models, giving banks and other organizations the power to protect the interests of their customers, and ultimately determine the sources of financial fraud.”
IBM says the gesture analysis “can help determine when unauthorized users try to take over a bank account using stolen credentials by detecting anomalies from the real customer’s interaction with a banking website. The technology understands the context and meaning of subtle mouse movements and clicks, and uses this information to develop increasingly more accurate gesture models through machine learning.”
IBM buys Sanovi Technologies
On Wednesday, IBM announced the acquisition of India-based Sanovi Technologies, a cloud technology firm.
Financial terms weren’t disclosed.
IBM says the acquisition will “enhance IBM resiliency capabilities with the help of advanced analytics to meet complexities of hybrid environments.”
Sanovi offers cloud migration and IT recovery services.
IBM employs several thousand people across North Carolina and operates one of its largest corporate campuses in RTP.