Behavioural Biometrics-A trendsetter or just a mere aspect of Cybersecurity?

How it can be defined:-

Behavioural biometrics refers to the scrutinization of unique behaviour pattern of user to identify whether he is an authenticated one or a hacker. This technology analyse the distinctive patterns such as typing speed, mouse movements and touch pad interactions to identify the fraud. It is considered as one of the most demanding feature of this digital-time. Some of the best illustrations are listed below for better idea:-

• Keystroke dynamics: Examining the pace, pattern, and force of an individual’s typing.
• Mouse movements: Tracking the way a user moves and clicks the mouse.
• Touchscreen interactions: Monitoring the speed, pressure, and direction of swipes and taps.
• Device-based indicators: Analysing IP addresses, location, and device type.
• Phone movement: Angle, sensors and position of the phone is detected.

A deep dive into behavioural biometrics:- 

Behavioural biometrics quietly aids in user verification by examining how individuals physically engage with a website or mobile application. Each user possesses distinct patterns that reveal their unique methods of navigating a website and utilizing an app—and these patterns serve as a solid basis for building trust. Moreover it enhances the capacity to identify reliable online users and identify any fraudulent activity. More accurate consumer recognition is made possible by this user-friendly and non-intrusive technology, which enables businesses in a variety of sectors to:

• Give trusted users’ individualised experiences top priority.
• Use the right amount of friction for particular touchpoints or riskier situations.
• Prevent sophisticated forms of fraud, such as account takeover, and fraud involving the opening of new accounts.

Merits of Behavioural Biometrics

To guarantee that clients are safe and have easy access to their accounts and services, financial services companies and organisations require safe, smooth authentication procedures. In the background, behavioural biometric authentication silently keeps criminals out while offering consumers a seamless user experience.

Employing behavioural biometrics can provide banks and companies with a number of real advantages, in addition to enhancing fraud detection and routinely tracking internet activity. Behavioural biometrics has the following advantages:

1. User experiences that are frictionless. Banks can improve customer happiness and trust by offering a smooth user experience. Consumers save time and improve convenience by not having to remember complicated passwords or provide more information.
2. Risk-Based Adaptive Review. By examining user behaviour in real time, behavioural biometrics can adjust to varying risk levels. Additional security measures may be implemented if suspicious activity related to a significant money transfer is discovered.
3. Improved mitigation of losses. By taking preventative steps, banks can use the technology to drastically lower financial fraud losses. These actions could involve suspending accounts, restricting questionable transactions, or asking for more proof. These actions will protect client assets and lessen the negative effects of fraud on the bank and the client.
4. Gained trust from customers. A bank’s connection with its clients is built on trust. Customers can enjoy a smooth and unobtrusive security process with behavioural biometrics. Customers feel more secure when security is strengthened with features like account protection, which raises customer satisfaction.

In a nutshell, The use of behavioural biometrics is a powerful way to stop fraud. But using it requires cautious user data protection. Financial institutions can efficiently use technology while protecting the privacy of their customers by implementing best practices.