How Biometric Tech is Beneficial to Financial Security

biometrics for financial security

A rise in data breaches is prompting many banks and financial institutions to adopt biometric identification technology for customers and staff. (Photo courtesy of flickr).

The following guest post on the use of biometric technology for individual identification in banking and financial services was submitted by Maricel Tabalba.

A significant increase in data breaches in the past few years has urged many financial institutions to consider using biometric security. The Gemalto breach level index showed that there were 1,540 credit card related data breaches in 2014. Additionally, the Consumer Sentinel Network stated that the number one complaint in their database were concerns regarding identify theft. Continue reading →

Should Schools Be Using Biometric Technology? Pros & Cons

biometrics in schools

The rise of biometric identification in schools has many questioning the merits and privacy implications to students. (Photo courtesy of pixabay)

The following guest post on the use of biometrics in schools was submitted by Gloria Kopp.

Biometrics are the biological measurements that all people have and that are specific to them alone. Biometric data includes your height, your iris, and your fingerprint, all aspects of yourself that are perfectly visible, but that most people can’t really differentiate on sight. A high-resolution image is required to be able to use an algorithm and compare fingerprints, and truly identify a person. A lot of people can see the benefits of using biometrics in schools to monitor attendance and make entrances more secure, however using data of minors could also be risky. The old adage that you can’t fight progress is incredibly relevant here, as there’s no doubt that biometrics in schools will one day become the norm, the issue is figuring out how it will be implemented in a safe and responsible way. Continue reading →

Secugen and M2SYS Partner on CloudABIS Biometrics Suite

cloud biometric identification

Secugen and M2SYS Technology announce a partnership designed to advance the adoption of the CloudABIS suite of biometric identification management solutions.

Today we announced a new partnership with Secugen to help customers using their fingerprint readers to accelerate their projects through the adoption of CloudABIS – a new suite of cloud-based biometric identification management tools designed to help lower the costs and remove the friction for authentication projects around the world.

If you haven’t heard about the CloudABIS suite, we have some exciting news to share. As longstanding pioneers in the biometrics industry with a strong track record of designing and developing innovative biometric identity management solutions that lower the costs and speed the adoption of this technology, M2SYS is pleased to now offer the CloudABIS suite that enables anyone in the world to quickly develop and deploy a highly scalable solution that avoids the risk, cost, and burden of the development time and maintenance so often required for these types of projects.

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 →

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 →

The Top Seven Advantages of a Biometric Identification Management System

In April 2014, we published a blog post on The Advantages of a Biometric Identification Management System. Since then, biometric technology has rapidly evolved and we believe it’s time to revisit and update the advantages of this technology.

Advantages of a biometric identification management system in 2016

biometric-identificaton

What are the advantages of biometric identification management technology? Source: Pixabay

It today’s technology based society, traditional individual authentication methods are gradually becoming obsolete. Biometric authentication is taking over traditional passwords or ID card based authentication due to numerous advantages. Let’s examine the advantages of a biometric identification management system (which relies on “who you are”) vs. traditional authentication methods that rely on “what you have” or “what you know.”

 

Biometric authentication is taking over traditional passwords or ID card based authentication. Click To Tweet Continue reading →

The Impact of Mobile Biometrics in Banking

Biometrics in Banking

The acceptability of mobile biometrics in banking is on the rise

Smartphones are powerful tools, and when used for authentication purposes in banking, they can become even more so. Source

The rising demand to more effectively secure online and mobile banking and financial services transactions through accurate customer identification to prevent identity theft and banking fraud has sparked an interest in the use of biometric identification technology.

Biometric identification solutions provide quick and accurate customer authentication by using unique physiological characteristics (who you are) for identification instead of PINs (what you know) or ID cards (what you have).

Biometric identification technology is difficult if not nearly impossible to forge, meaning that through the use of biometrics, the banking and financial services sector can drastically reduce or even completely eliminate losses incurred by customer identity theft and fraud. A lot of banks around the world are already using biometric technology for customer identification, and a lot more are following suit.
Continue reading →

Biometric Screening: The Future of Food Processing Technology?

biometric identification managementThis post comes from the writing team at Viking Food Solutions, Australia’s leading supplier of Butcher Shop and Meat Processing Machinery.

Foodborne Illness

We have had many unintentional foodborne illnesses transmitted to consumers this past year. For example, these have come through such companies as Chipolte’s, Wegmans, Dove candies, Trader Joe’s, and a host of others with less notoriety. Foodborne illness is a complex problem involving the producer, the land, equipment used to nurture, harves, and prepare food for transportation, processing and packaging, maintaining product integrity on its way to market, and actual consumer use of the product once received. Continue reading →

Fingerprint vs Vascular biometrics – What are the differences?

Fingerprint vs Vascular biometrics – Are they different?

fingerprint vs vascular biometrics

Fingerprint vs Vascular Biometrics – How are they different?

In biometrics, fingerprint technology is by far the most popular and widely used modality. However, due to the evolving nature of the technology, many other biometric modalities have emerged such as vascular biometrics.  Even though they both share parts of the hand for identification purposes, these biometric modalities are quite different in how they work and their effectiveness in different environments. Continue reading →

5 Ways Biometric Technology Impacts Our Everyday Life: A Statistical Representation

Impact of biometric technology in everyday life

Biometric technology has become an integral part of our everyday lives

Did you know that biometric identification management technology has been around since the 19th century when police began to use it to track criminals? The implementation of biometric technology is around us and expanding fast, quickly becoming a part of everyday life.

A number of biological characteristics such as fingerprints, finger and palm vein patterns, and iris and voice recognition have proven to be useful in the evolution of biometrics and biometric identification capabilities are now becoming standard on many devices we use each day.

Listed here are 5 ways biometric technology is impacting your everyday life:
Continue reading →