Gadi Mazor on identity verification
From How BioCatch Uses Behavioral Biometrics To Catch Fraud With CEO Gadi Mazor | Forbes · · Forbes
“If it's your own social security number you'll type that continuously from long-term memory; someone that stole your credential would either paste that social security number or will type that in a very chunky way — those are signals we look at to protect customers.”
On , Gadi Mazor, CEO at BioCatch, spoke about identity verification during How BioCatch Uses Behavioral Biometrics To Catch Fraud With CEO Gadi Mazor | Forbes on Forbes.
About Gadi Mazor
In a 2022 Forbes interview, BioCatch CEO Gadi Mazor discussed the company's use of behavioral biometrics to detect fraud. Mazor stated that BioCatch analyzes how users interact with devices—such as mouse movements, typing patterns, and how they hold a phone—to create a behavioral profile. He said this allows the company to tell a bank whether the person on the other side of the screen is the genuine account holder or a fraudster who has taken over the account. Mazor noted that 25 of the top 100 banks are BioCatch customers and that the company is growing 50% a year. Mazor also described the evolution of fraud, stating that attackers have shifted to targeting end users through scams and social engineering. He cited a 2019 example in the UK where callers posing as a service provider and a bank tricked an older person into transferring their life savings. Regarding technology, Mazor said deep neural networks represent a major advancement but noted that they are a "black box." He argued that the industry needs to combine deep neural nets with more explainable machine learning models so that banks can understand why a session is flagged as risky, to avoid discrimination. Mazor also reflected on his service in Israel's Unit 8200, describing its training as "without indoctrination" and saying it taught recruits to tackle major challenges, which he credited with leading many alumni to start companies.