Hojt Communication | Embracing biometrics to tackle banking fraud – IT SECURITY GURU
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Embracing biometrics to tackle banking fraud – IT SECURITY GURU

Embracing biometrics to tackle banking fraud

Sourced through Scoop.it from: www.itsecurityguru.org

A lot of promising biometrics authentication technology is being developed, however, the phone scammers are often working on ancient devices, like the home phone. Here you need simpler technology, like pre-defined key phrases or voice recognition.
A necessary development is to implement varying authentication methods that adapts to the device being used and sensitivity of the information, so that, for instance, a small transaction can be carried out with a simpler authentication mechanism and a large requires a mutli-factor authentication.

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Source: Apptimate
Embracing biometrics to tackle banking fraud – IT SECURITY GURU