Identity Tag

Recent technology advancements have pointed us in the direction of linking our DNA to everything we do. Biometrics technology is already working its way into our daily lives; from smartphone “touch ID” to cars that unlock with your handprint. It is no surprise then that many financial institutions and governments have already embraced biometric authentication as the standard for verifying the identity of customers opening accounts, requesting services, and making payments. There will be 770 million biometric authentication apps downloaded annually by 2019 (according to Juniper’s research).  Payment services are increasingly taking advantage of biometrics to improve security and convenience by eliminating the need for users to enter passwords or use other cumbersome manual authentication methods. Thanks to companies like Apple and Samsung, many banks are already allowing touch ID to authorize payments and money transfers, and some banks in Europe are allowing ATM withdrawals with the same fingerprint authorization (no card or PIN required). And vendors could certainly benefit from using the technology to authorize payments and cut down on fraud. Biometrics are unique human physical characteristics, such as fingerprints, that can be used for automated authentication. Their growing use in payment solutions is driven largely by increase of touch ID hardware in mobile phones, although they can also be incorporated into other devices such as ATMs and payment terminals. Benefits of Biometrics As Means Of Payment. They free users from having to remember and enter multiple passwords: many of us have memorized more than 5 different passwords for different platforms.  Some users may have as many as 200 online accounts, each requiring secure controls over access. Biometrics eliminates this as only...

Security has been a growing concern for businesses in different industries- from small shops to large corporations. Priority is now being placed on keeping people, equipment and information safe. It is then important to reinforce the need to control access into organizations and to properly identify those persons who are seeking access. In the past, many businesses used lock-and-key access systems. While this type of system can work for a business with only a handful of employees, it usually isn’t effective for companies with larger workforces. Employee keys can get misplaced or fall into the wrong hands, and companies must spend money either replacing the keys or all their locks. Another potential problem with this type of system is that within most companies, only high-level staff receive keys. This results in employees not having access to the facility in situations where the staff is absent from work. An access control system can provide you with greater control over who enters your building and when they enter your building. It can also allow you the power to remotely monitor access to your business. With these types of systems, employees use badges with embedded wireless technologies or punch-in codes to gain access to the building or certain spaces. These systems allow businesses to control who can access buildings or rooms always or on certain days and times. They are also more user-friendly for employees at all levels, who may need to have access in and out of buildings after their supervisors leave for the day. With access control systems, companies can keep track of who is entering and leaving buildings. This information can...

  Life as we know it is changing. The world is getting more complex- virtually everyone and everything (people, things and services) will be connected everywhere 24/7 in one global cloud. What this means for Identity and Access Management (IAM) is that there would be an increasing dependence on IAM in our personal and business lives. A new approach to IAM is therefore inevitable as technology will continue to change our lives in future years. 90% of the worlds cyberattacks have resulted from users’ inability to protect and manage passwords. The current IAM approach which uses passwords for authentication cannot support the security of the future, where devices will be interconnected, especially when firewalls as security parameters are not sufficient anymore. The binding of forces: mobile, social, cloud and information is bringing new challenges and opportunities for IAM and organizations that fail to get to grips with the challenges and opportunities of the nexus risk falling behind. The increase in interconnected systems will result in the prevalence of seamless, continuous and accurate access to all resources with advanced authentication systems such as biometric and artificial intelligence technology. Passwords would become obsolete; user controlled access management would be eclipsed by the more accurate machine generated ones. Using some of our personal and distinct features, smart systems will be able to recognise and greet us when we walk into a building or restaurant, use the ATM or even drive cars. The gist is that artificial intelligence and IAM will play a major role in revolutionizing security and the Internet of Things, as more and more devices begin to be interconnected and communicate with one...