Behavioral Biometrics Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to behavioral biometrics market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Behavioral Biometrics Market News

  • In June 2024, Ping Identity introduced PingOne Protect, a service designed to tackle multi-factor authentication (MFA) fatigue by incorporating behavioral biometrics and user and entity behavior analytics (UEBA). This solution identifies abnormal patterns during login attempts to prevent fraud and assigns users risk scores based on factors such as device and network behavior. The service integrates identity access management (IAM) and fraud mitigation for more effective security.
  • In May 2024, Zighra won a contract with Shared Services Canada (SSC) to enhance government cybersecurity. Its DeepSense technology, powered by AI-driven behavioral models, enables continuous identity validation and threat detection. This solution will be tested under the Innovative Solutions Canada program to strengthen national security and fraud prevention.
  • In June 2024, The Bureau partnered with M2P Fintech to enhance security in digital transactions by integrating behavioral biometrics and device intelligence into M2P’s existing fraud management systems. The solution will verify user and device legitimacy before transactions, improving fraud prevention. The partnership has been implemented by central banks in Asia, targeting over 100 million monitored transactions monthly by year-end.

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Global Behavioral Biometrics Market size was valued at USD 13.17 Billion in 2023 poised to grow from USD 15.63 Billion in 2024 to USD 61.44 Billion by 2032, growing at a CAGR of 18.66% in the forecast period (2025-2032).

The competitive landscape of the global behavioral biometrics market is marked by the presence of key players focusing on AI-driven fraud prevention and continuous authentication solutions. Leading companies include BioCatch, NuData Security (Mastercard), BehavioSec, SecuredTouch, and Zighra. These firms leverage AI, machine learning, and deep learning to enhance real-time fraud detection. BioCatch specializes in cognitive fraud detection, while NuData Security integrates behavioral biometrics with risk-based authentication. BehavioSec focuses on continuous identity verification through keystroke dynamics. Companies are also adopting strategic partnerships, acquisitions, and R&D investments to enhance security solutions and expand their market presence across banking, fintech, and government sectors. 'BioCatch (Israel)', 'NuData Security (Canada)', 'BehavioSec (Sweden)', 'Zighra (Canada)', 'SecuredTouch (Israel)', 'Plurilock Security (Canada)', 'UnifyID (USA)', 'TypingDNA (Romania)', 'IBM Corporation (USA)', 'Mastercard (USA)', 'Samsung SDS (South Korea)', 'Fair Isaac Corporation - FICO (USA)', 'ThreatMark (Czech Republic)', 'HID Global (USA)', 'Neuro-ID (USA)'

The increasing frequency of cyber threats, identity theft, and financial fraud is a major driver for the global behavioral biometrics market. Organizations across banking, fintech, and e-commerce are adopting AI-driven biometric authentication to enhance security. Continuous authentication helps mitigate risks by detecting anomalies in user behavior, preventing unauthorized access.

AI-Powered Behavioral Biometrics Enhancing Fraud Prevention: AI-driven behavioral biometrics is revolutionizing fraud prevention by analyzing user behavior in real time. Financial institutions and enterprises are integrating AI and machine learning to enhance accuracy in detecting anomalies. This technology ensures secure and seamless authentication while minimizing false positives, making it a preferred security solution against evolving cyber threats.

How do AI-Powered Authentication Solutions Contribute to Market Growth in North America?

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Global Behavioral Biometrics Market
Behavioral Biometrics Market

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