ABN AMRO and Cisco invest in BehavioSec
Written by Mark Evans
Behavioural biometrics specialist BehavioSec has raised $17.5 million in a Series B funding round led by Trident Capital Cybersecurity with contributions from ABN AMRO and Cisco Investments, and returning investors Conor Venture Partners and Octopus Ventures.
BehavioSec, a pioneer in continuous authentication through behavioural biometrics, will use the proceeds of the investment to expand global operations and relocate corporate headquarters to the US.
It is the latest in a series of investments into antifraud and security systems, as attempts to defraud customers continue to grow in sophistication.
“Two-factor authentication isn’t enough given today’s cyber threat environment,” said Alberto Yépez of Trident Cybersecurity. “That’s why leaders in industry are moving toward a layered authentication approach to continuously and seamlessly monitor and secure trusted transactions and eliminate fake or malicious user sessions.”
BehavioSec creates digital fingerprints of specific users by combining unique attributes such as keystroke cadence or finger pressure to create a clear picture of a user’s identity while working across mobile devices as well as traditional computers or web browsers.