Are Biometrics Replacing Passwords? Uncovering What Users Really Want (and Need)

Identity verification is integral to the secure use of digital platforms, many of which have become staples of consumers’ lives in recent years. But with so many authentication methods – from traditional passwords and usernames, to biometrics like face and fingerprint scans – it can be challenging to know just what consumers prefer from their apps and digital accounts, and how best to optimize these experiences from a merchant standpoint. In this virtual roundtable, PYMNTS Editor-in-Chief Matt Nesto hosts industry leaders to discuss this topic and more. Tune in.

Biometric security reaches the billions

From Deloitte CIO Journal

Prints charming: biometric security reaches the billions. Deloitte Global predicts that the active base of fingerprint-reader-equipped devices will top one billion for the first time in early 2017. There are multiple private and public organizations which should consider how best to exploit the growing base of fingerprint readers and the large number of individuals who have become accustomed to using them on their phones.

How safe is Biometric Security?

From Finextra - 
 

Biometric security alarm raised as hackers steal 5.6 million fingerprints 

“The US Office of Personnel Management says that hackers who breached its systems over the summer made off with the fingerprint records of 5.6 million individuals, raising questions over the security of biometrically-protected identities.

Of the 21.5 million individuals whose Social Security Numbers and other sensitive information were impacted by the breach, the subset of individuals whose fingerprints have been stolen has increased from an initial estimate of 1.1 million to approximately 5.6 million.”

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Banks key in providing mobile payments

From Finextra –

“Cara O’nions, Marketing and Customer Insight Director of VocaLink, discusses the Next Generation of Payments, a survey of 5,000 UK consumers, the key findings surrounding mobile banking usage, security concerns, biometrics, and customer needs.”


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