Identifying deceptive practices through pattern analysis: Biocatch unveils a platform for combating social engineering fraud
In an effort to combat the rising tide of financial fraud, BioCatch has introduced Scams360, a cutting-edge fraud prevention technology that is making waves in the industry. This innovative solution is designed to help financial institutions identify and stop Authorised Push Payment (APP) fraud in real-time, offering a significant improvement in detecting such scams.
According to a 2025 report, Scams360 has demonstrated a 50% improvement in detecting non-impersonation scams, a significant subset of APP fraud cases[1]. This impressive feat is achieved through the platform's low alert rate, which means fewer false positives, allowing banks to intervene efficiently without incurring high operational costs, and preventing scams before funds leave victims’ accounts[1].
Scams360 builds on BioCatch’s earlier success in combating impersonation-based scams. In 2024, a regional bank was able to stop over $100 million in impersonation scam payments thanks to the platform[1]. The technology leverages behavioral analytics to understand the psychological manipulation typically used in APP fraud, enhancing its detection capabilities[1][3].
The endorsement of Scams360 by industry experts and alliances like The Knoble, which focuses on combating complex financial crimes, further validates its innovation and effectiveness in the current scam environment[1]. While specific quantitative performance metrics beyond the 50% improvement are not detailed, Scams360 is positioned as best-in-class in real-time APP fraud prevention within the financial sector[1].
In addition to the cost calculator and guide for financial institutions that BioCatch and The Knoble are creating, Scams360 is a part of BioCatch's focus on behavioral biometrics at scale[2]. The platform analyses over 15 billion digital sessions monthly, enabling it to detect a wide range of attacks without requiring classic content interception[2].
With the estimated global fraud losses exceeding one trillion US dollars per year and continuing to rise[4], there is a clear need for solutions like Scams360. By fostering a deeper understanding of the total costs of fraud beyond immediate monetary losses, BioCatch is leading the charge in equipping financial institutions with the tools they need to protect their customers and their bottom line.
[1] BioCatch Press Release, 2025 [2] BioCatch Website, 2023 [3] Suzanne Sando, Javelin Strategy & Research, 2023 [4] Global Anti-Scam Alliance, 2022
The Scams360 platform, a product of BioCatch, has shown a 50% improvement in detecting non-impersonation scams, a significant subset of Authorised Push Payment (APP) fraud cases. Furthermore, this technology, which utilizes behavioral analytics and operates on a scale analyzing over 15 billion digital sessions monthly, has been proven effective in combating financial cybersecurity threats within the business sector, as endorsed by industry experts and alliances like The Knoble.
