Is Biometric Technology The “Go To” Solution To Prevent Bank Fraud?

Introduction

Data breaches in banking have become commonplace all over the world. Most banks and financial institutions continue to rely on historical password based security systems which are increasingly susceptible to cyber breaches and no longer able to reliably secure data or to prevent bank fraud.

Continuous data breaches in the banking industry clearly demonstrates how antiquated existing identification security is, and something has to change. Due to the challenges that passwords, personal identification numbers (PINs) and physical ID cards present, the banking industry is searching for new technologies which can provide stronger data protection from hackers and they are now considering biometric solutions to solve the problem.

Banking Data

Is biometric identification management technology the answer to improving bank security and creating an indisputable, concrete audit trail of transactions? Image Source: Pexels.com

Continue reading →

The Benefits of Biometric Technology & How It Protects Your Identity

biometric technology expanding across the world

Biometric technology is rapidly expanding as a trusted, secure means of personal identification. (Photo courtesy of pexels.com)

The following guest post on biometric technology was submitted by James Daniels.

The utilisation of biometric technology to identify individuals has been in use for years all over the world. As technology continues to advance, biometric technology is also advancing.
Biometric technology refers to the ability to identify an individual based on their unique physical characteristic, behaviors and patterns. Most often biometrics can identify an individual through their fingerprints, the physical structure and characteristics of their face, thru the utilisation of iris and retina scans, and more.

Continue reading →

What the Biometrics Boom Means for Mobile Device Security

biometrics is increasing mobile device security

Mobile security is undergoing fundamental changes with the introduction of biometrics on smart devices.

The following guest post on biometrics for mobile device security was submitted by James Daniels.

The mobile biometrics market is booming. The global biometrics system market is projected grow at a compound annual growth rate of 16.79 percent between 2016 and 2022, expanding from $10.74 billion to $32.73 billion. Demand fueling this growth will be led by the financial sector, the healthcare industry, government initiatives and law enforcement. Fingerprint recognition is currently the most popular biometric technology, finding its most widespread application in the travel and immigration sector, but other technologies such as facial and voice recognition are expected increasingly gain currency as well. Here’s a closer look at the biometrics boom and what it means for your mobile device security and lifestyle.

Continue reading →

Why is Iris Recognition Biometrics Becoming Dominant?

Iris recognition is a biometric modality which captures a photo of the eye pattern, converts the photo to a binary template and then saves the data to a server for future matching. Iris cameras are used to recognize an individual’s unique identity by analyzing the random, unique patterns which visibly appear inside their eye from a certain distance. It utilizes multiple technologies including optics, statistical conclusions, pattern recognition, and computer vision.

Iris recognition biometrics is widely considered to be the most accurate biometric modality among those currently available in the market. A recent Twitter poll we conducted asked what the public feels is the most reliable biometric modality and results indicated that most people trust the reliability and accuracy of iris recognition technology over any other biometric alternative.

IRIS Camera

Source: Pexels IRIS

Continue reading →

How Body Guards Use Biometric Technology on the Job

biometric technology for bodyguards

What are some of the most common uses of biometric technology by bodyguards?

The following guest post on the use of biometric technology by body guards was submitted by Jason Mueller.

The idea for biometric scanners and biometric technology has been around for decades and people have been recording fingerprints for more than a century, but this technology has advanced dramatically in the past 20 years along with the advent of computers and more capable electronics. Today biometrics are used for computer access, to screen employees, to secure buildings and for many other purposes. They’re highly reliable, and cost-effective to use. Even personal body guards are putting biometric technology to use during their jobs.

Continue reading →

2016 Biometric Industry Year-End Review

2016 will be remembered as a prolific year for the biometric industry. More countries have started integrating biometric identification checks for government services including:

Private companies are also leaping into the world of biometrics. 2016 brought a surge of private investment into the use of biometrics to help:

At the end of 2016 we can safely say that the biometric industry shows continued strong growth potential and is now, perhaps used more than ever around the globe and well positioned to continue its spread to additional industries in the near future.

2016 biometric year in review

Source: Pixabay

2016 biometric year in review

Continue reading →

8 Benefits of Cloud-based Biometric Identification Management

using biometric identification in the cloud

Does the cloud offer distinct advantages when using biometric identification solutions?

Cloud computing allows you to get on-demand, convenient, ubiquitous network access to shared configurable computing resources such as storage, networks, servers, services, and applications. More and more businesses are moving and integrating their biometric identification management systems to cloud platforms because of the many benefits this brings. These include:

Continue reading →

Three of the Best Ways to Guard Your Business Against Cybercrime

biometric identification management technology to fight cybercrime

Learn more about why biometric identification management is an important tool to help stop the growth of cybercrimes.

The following guest post on preventing cybercrime was submitted by James Daniels.

For businesses today, cybersecurity is becoming an increasingly hot topic. As hackers and cybercriminals become more brazen, no business is safe from these online data thieves, who often have the power to tear a previously successful business apart. Since there is often no coming back from a large data breach, it is crucial for companies of all sizes to ensure that they implement only the best cybersecurity strategies and constantly update these methods in order to remain as secure as possible. We’ve listed some of the best modern and emerging new technologies for business owners and cybersecurity professionals to consider using in order to keep their business safe and secure.

Continue reading →

Recruitment vs increasing employee productivity: Which one is better?

There are two easy ways to improve workforce productivity: increase working hours by hiring new employees which increases production, or increase current workforce productivity. Both ways improve productivity, but which one is more efficient?

Recruiting new employees is typical for companies that grow and expand. Fresher employers can also provide previously unknown new ideas and perspectives.

However, at some point companies need to think about better capitalizing on the experience level of their current workforce. What is often discovered when evaluating staff experience is that progress remained stagnant because proper procedures were never established that address employee motivation.

 

Continue reading →

Should Biometric Technology Be Monitored?

monitoring biometric identification management technology

Should the use of biometrics for identification be monitored?

The following guest post was submitted by Katrina Manning of Build Niche Links.

Should biometric technology be monitored? To answer this, one must analyze the biometric system. To start with, what is biometrics? Biometrics is the analysis and measurement of people’s unique physical and behavioral characteristics. It’s mainly used for identification, verification and access control. Verification is a “one-to-one” matching between the person’s biometric and biometric templates in a database. Identification is a “one-to-many” matching. A person’s biometric is compared with all of the biometric templates in a database.

Continue reading →