The Different Ways Your Staff May Be Stealing Time and What You Can Do About It

stop employee time theft with biometric identification

Biometric identification has proven to help stop employee time theft and increase profits.

Time theft can occur in your business when you pay an employee(s) for work they either have not done, or you pay them for time when they were not on the premises. With the growing remote and mobile workforce, time theft has become a much bigger issue for employers. In fact, it has become so big, millions of dollars are being lost every year in productivity. Some other businesses are using factoring invoice companies to pay employees who have cheated the system. This puts a dent in cash flow by paying for work that was not completed.

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How Biometrics Will Transform the World of IT Security

The following gust post on biometrics increasing IT security was submitted by James Daniels.

It is a fact that passwords can no longer provide sufficient security for your data. The problem with the use of passwords and usernames for security is that they can easily be bypassed by hackers and rogue employees. Due to these obvious flaws related to use of passwords as security measures, biometrics are fast becoming the norm when trying to guard access to critical data. Here are some of the reasons why biometrics are the future of data security.

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Offshore Development Companies Are Bringing Biometric Identification Management Technology in Banking Sector

use biometrics to identify customers and employees in banking

What impact has biometric identification had on the global banking industry? (Photo courtesy of pixabay)

The followin guest post on biometric identification in banking was submitted by Vin Boris.

BIMT (Biometric Identification Management Technology) has been in use for decades. This form of technology has proven its metal and has entirely changed the way security practices are conducted in every field of our life.

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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

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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.

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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.

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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.

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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.

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The ROI of Biometric Employee Time and Attendance

Manual Time and Attendance is a Risk

roi of workforce management technology

Many businesses are still on the fence about whether to adopt biometrics for employee time and attendance. This case study may change your mind.

As more businesses evaluate the use of biometrics for employee time and attendance to replace outdated workforce management solutions, many are still on the fence and remain skeptical about the actual benefits that could be realized. After all, there is a clear distinction between implementing biometrics because it has been positioned as the most effective alternative to eliminate buddy punching, lower payroll costs, and boost employee productivity and accountability and actually realizing a positive return on investment after deployment.

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The Latest On Home Security and Biometrics Technology

The following is a guest post submitted to M2SYS by Philip Masterson

Studies show that it takes less than 10 minutes for intruders to complete a burglary. The FBI warns in its latest annual crime report that 73.2% of all burglary offenses in the US involved residential properties.  Technology is enabling criminals to boost their operations, even making it possible to conduct massive heists off-site. For a household, installing a home alarm system is not the end of the story. It’s imperative to do regular assessments, customizations, and upgrades to ensure the infallibility of home security.

The introduction of biometrics technology was a game-changer in the security system industry. Over the past decade, companies are boosting their product lines that incorporate biometrics into various devices. Here’s a quick rundown of biometric trends you should know.

Two-factor authentication

tfa

Photo Courtesy of Dominique Feldwick-Davis via Pexels

The strong authentication capability of biometrics is the primary reason why more businesses opt to shift to this security technology. Mary Chaney, a security specialist at GE Capital Americas, said: “If you use dynamic/behavioral biometric measure, like keystroke dynamics, you can gain advantage of two-factor authentication.” Continue reading →