The new software-only solution from Veridium, InMotion, leverages user behavior analytics to protect online identities and stop cyberthreats before the damage is done. The platform provides mobile biometric authentication by matching behavioral data from the user’s interaction with their smartphone with the user’s biometrics.
By collecting data from the smartphone’s motion sensors and applying machine learning techniques, InMotion develops a user baseline after just 10 authentications. Future authentications are then compared to this baseline – which refines itself over time as it learns the user’s behavior – and given confidence scores. Lower confidence scores can be used as triggers to begin follow-up authentication via other channels such as SMS, email, or phone.
The combination of low confidence scores and repeated failed authentication efforts, the company noted, could signal potential fraud and, in some instances, result in blocking the user’s access altogether.
“As data breaches and insider threats increasingly plague the enterprise, businesses are in need of a strong solution that can better recognize and verify users’ identities,” Veridium head of product development Ionut Dumitran said. He pointed out that user behavior analytics make it difficult for fraudsters because while obtaining someone else’s phone may be hard, and obtaining their fingerprints even harder, replicating a person’s unique mannerisms is a far greater challenge for fraudsters and other malicious actors.
“By tapping into the power of behavioral biometrics, Veridium InMotion can help businesses diminish the risk of identity as an attack vector and strengthen authentication in a way that is both transparent and frictionless for the user,” Dumitran said.
Founded in 2015 and maintaining offices in the U.S. the U.K., Romania, and Benelux, Veridium demonstrated its VeridiumID with 4 Fingers Touchless ID solution at FinovateEurope 2017. The technology provides greater reliability in biometric authentication by using four fingerprints simultaneously. This adds to the complexity of the data and making the authentication effort more difficult to impersonate.
The company was recognized in nine Gartner reports in 2018, including as a vendor for biometric authentication in seven of Gartner’s Hype Cycle Reports. Earlier this year, Veridium announced that it had developed a biometric federated authenticator for WS02 Identity Server.
Veridium has raised $16.7 million in funding, and includes Citrix Systems, as well as Michael Powell and Michael Spencer among its investors.