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Lulea, Sweden

Costigan N.,BehavioSec
Biometric Technology Today | Year: 2016

To keep up with our growing consumer dependence on technology, the tools and devices we use are becoming increasingly complex and advanced. This sophistication is matched by the cyber-criminals who are developing new methods to overcome the security measures tech firms are putting in place. Biometrics authentication is often seen as the best method to prevent the recurring high-profile hacking attacks on global corporations. But for fraudsters there remains one area of opportunity where even the most robust security barriers are struggling to succeed - and that's phishing, or the fraudulent use of valid personal details. © 2016 Elsevier Ltd. Source

BehavioSec | Entity website

BehavioSec on the web works best when users type their details directly into fields in a Javascript-enabled browser. Youll also need to disable autocomplete for usernames and passwords so that the behavioral data can be continuously gathered and scored from the time a user makes a login attempt ...

News Article | May 10, 2011
Site: techcrunch.com

BehavioSec, a security startup spun out of research at Sweden’s Luleå Technical University, has raised €1 million in a round led by Conor Venture Partners, Partnerinvest Norr and Innovationsbron. Previous investors, Lunova, PNF Venture Capital and Norrlandsfonden also participated. The new funding will be used to accelerate the company’s expansion into international markets and to service existing customers. Sami Ahvenniemi, Partner with Conor Venture Partners, will also join BehavioSec’s board. Founded in 2007, BehavioSec provides “behavior-based identity theft prevention solutions” to address online fraud and identity theft that plague the uptake of e-commerce. It does this by creating a unique digital fingerprint of each end-user’s behavior, which are then utilized to help verify a user’s identity while they are accessing online services and e-commerce sites, thus helping to prevent fraud and identity theft in realtime. Commenting on the investment, Ahvenniemi talks up BehavioSec’s “technical lead in identifying and separating valid users from fraudsters” and the opportunity that exists to bring the technology to international markets.

News Article | May 10, 2011
Site: www.eu-startups.com

BehavioSec, a Luleå (Sweeden) based startup in the online security space, today announced that Conor Venture Partners, Partnerinvest Norr and Innovationsbron will invest 1 million Euro to accelerate BehavioSec’s expansion into international markets. All previous investors participated in this new investment round. BehavioSec was founded in 2007 and offers Behaviometric solutions for risk based Authentication & Verification of end users. This means that BehavioSec creates a unique digital fingerprint of each end-user’s behavior. These fingerprints are utilized in continuous identification and verification of the users’ identities while the users are accessing sensitive online services such as online stores. BehavioSec adds a new invisible layer of security that prevents fraud and identity theft in realtime. The solutions of the Swedish company are designed to tackle the security demands of both IT organizations and e-commerce. Olov Renberg, the CEO of BehavioSec, stated in today’s press release: “This funding round will enable us to accelerate our penetration to the market and to help our customers address the skyrocketing challenges they have with online fraud and identity theft.” In relation to Conor Venture Partners, the lead investor of this round, Renberg said: “Due to their expertise in security and internationalization of companies Conor is an excellent fit”. For more info check out BehavioSec’s futuristic commercial:

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