BehavioSec Taking Leading Role in GSMA Initiative to Advance Next Generation of Connectivity and Digital Services
September 5, 2018, San Francisco: BehavioSec, the first vendor to pioneer behavioral biometrics, today announced that it has been named one of the first companies in the “GSMA 100,” a global innovation discovery initiative developed by the GSMA to identify and advance the next generation of connectivity and digital services. Comprised of the world’s most promising growth-stage companies and selected by mobile operators and investment partners, the GSMA 100 represents operator innovation priorities in key areas such as 5G and networking; artificial intelligence and machine learning; consumer experience; data and analytics; the Internet of Things; media and entertainment; and security, among others.
“Congratulations to BehavioSec for their selection into the GSMA 100. The GSMA 100 is designed to identify those companies with the most compelling use cases and innovative business models,” said Ed Barker, Head of Innovation Strategy and Partnerships, GSMA. “We look forward to working with BehavioSec and other GSMA 100 companies in accelerating business development, commercial partnerships and investment with mobile operator and key partners and, ultimately, in the deployment of next-generation networks and digital services that will benefit billions of subscribers around the world.”
“It is an honor to be recognized by the GSMA in great company as a security innovator delivering trust and safety necessary for unlocking the mobile-driven world’s wider connectivity and business models,” said BehavioSec CEO Neil Costigan. “BehavioSec is committed to working closely with handset makers, cellular carriers and other mobile stakeholders embedding the industry’s strongest behavioral biometrics program in retail, finance, collaboration and other experiences redefining productivity and commerce. Including security as a key category within the GSMA 100 reflects the imperative of keeping trust front and center in tomorrow’s mobile networks and use cases.”
As businesses confront the growing threat of compromised online credentials, account takeovers and unauthorized transactions, BehavioSec’s innovative Behavioral Biometrics Platform enhances security by invisibly authenticating individuals according to unique online behaviors nearly impossible to impersonate with malicious code, like how a mobile device is held in the hand, touchscreen inputs, cursor and mouse movements and physical time and location data. Integrating with risk scoring systems, BehavioSec’s real-time analysis of these and other metrics power a new line of defense blocking suspicious activities or triggering additional monitoring – without impacting productivity and the user experience.
BehavioSec is uniquely suited to defend against account takeover and other security threats facing mobile users. Recent headlines focus on “SIM swap” attacks, where cybercriminals copy a victim’s mobile number to a new device in order to intercept two-factor authentication messages or reset passwords to hijack financial, social media, cloud and other accounts. In these attack scenarios, even attackers with a stolen phone or cloned SIM card cannot adequately mimic authorized users’ unique behaviors, letting businesses running BehavioSec’s Behavioral Biometrics platform intercept and block insidious impersonation attacks.
The GSMA 100 are nominated by GSMA operator members, ecosystem companies and leading technology investors and primarily include growth-stage, venture-backed companies from their portfolios, partnerships or interest areas. Following a competitive review process, the nominations are evaluated and narrowed to yield the final cohorts. BehavioSec was among the first 29 companies named to the GSMA 100; the remaining two cohorts for the GSMA 100 will made public in February 2019 at Mobile World Congress in Barcelona, and in June 2019 at Mobile World Congress Shanghai.
The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators with over 350 companies in the broader mobile ecosystem. Key operators and partners contributing to the GSMA 100 include Amadeus Capital, América Móvil, AT&T Foundry, Bessemer Venture Partners, Blumberg Capital, BT, China Mobile, Deutsche Telekom, EIT Digital, Ericsson Ventures, Forgepoint Capital, GE Ventures, GV, IQT, KDDI, KPN Ventures, Lumia Venture Partners, Mayfield, MTN, Orange, Rogers Communications, Safaricom, Sony Innovation Fund, Telefónica, Telenor Group, Telstra Ventures, Telus, the UN World Food Programme, US Cellular, Verizon Ventures and Vodafone, among others.
For further information on the GSMA 100, visit: www.gsma.com/aboutus/gsma-100.
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BehavioSec is the first vendor to pioneer behavioral biometrics. The company’s Behavioral Biometrics Platform is widely deployed across Global 2000 companies for its proven ability to dramatically reduce account fraud and data theft. Founded in 2008 out of groundbreaking academic research, BehavioSec technology allows companies, to continuously verify digital identities with superior precision, in real-time. Strengthened with the leadership of serial entrepreneurs and experienced industry professionals, the BehavioSec team now spans the world, providing security while preserving a rich digital experience throughout web and mobile apps.
BehavioSec is the only enterprise-grade vendor used in global deployments with some of the largest companies, reducing manual review whilst safeguarding millions of users and billions of transactions. BehavioSec investors include Forgepoint Capital, Cisco, ABN AMRO, Conor Ventures and Octopus Ventures. BehavioSec is headquartered in San Francisco, CA and has global operations throughout Europe and Asia Pac.
For more information, visit www.behaviosec.com.
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