Israeli Innovation: Financial cybersecurity
Every day, billions of financial transactions take place around the world. Whatever you are buying or paying for online, sophisticated technology is constantly working behind the scenes to protect your money from fraud.
Israel has become one of the world's leading centres for financial cybersecurity, with hundreds of companies developing technologies that help banks, retailers and payment providers detect fraud, prevent identity theft and stop cybercriminals.
One example is BioCatch, an Israeli company that pioneered the use of behavioural biometrics. Instead of relying only on passwords or security codes, BioCatch analyses the unique ways people naturally interact with their devices, such as how they type, move a mouse or swipe across a phone screen. These subtle behaviours are almost impossible for criminals to imitate.
Other Israeli companies, including Riskified and Forter, use artificial intelligence to detect fraudulent online purchases. Together, these innovations help reduce financial losses for businesses while making online shopping safer and smoother for millions of people.
Most of us will never know these companies exist, yet their technology quietly protects millions of people and billions of dollars every day. It's another example of how Israeli innovation is helping solve real-world problems, often without people ever realising where the technology came from.