secure biometric solution Archives

30Oct

By Africa BusinessNo Comments

Tech

Protecting your data from face-stealing scams

As facial recognition technology becomes more widespread, many people are embracing it as a secure and convenient means of authentication. With tech giants like Apple popularising Face ID, which not only encrypts facial data and only stores it on device in Secure Enclave, but also uses sophisticated 3D scanning that can’t be easily fooled or compromised, financial institutions however have also integrated facial recognition into their security protocols. However, Adrian Stanford, Group CTO at ESET Southern Africa, says the latest ESET Threat Report H1 2024 reveals that cybercriminals are adapting quickly to the use of less sophisticated biometric technology. Using advanced techniques, attackers are now exploiting AI-driven face-swapping services to bypass security measures and gain unau...

How biometric authentication is creating safer, seamless digital experiences

Consumer adoption of remote biometric authentication soars In a connected world, necessary safety measures like biometric authentication don’t need to be implemented at the expense of a seamless digital experience, says Gur Geva, Co-Founder and CEO at iiDENTIFii – leader in remote biometric authentication and automated onboarding. As more products and services move online, the way customers experience those services is more important than ever. At the same time, liveness detection is now a non-negotiable given the realities of identity theft and fraud. Liveness is the guarantee that the individual attempting to authenticate is a real person, not a mask, a bot or a deepfake. The good news, according to Geva, is that balancing customer experience with frictionless onboarding is now enti...

How Fintech can help secure the world from the economic impact of viral pandemics

The coronavirus pandemic continues to turn the world and our lives upside down, with the outbreak forcing governments to put into place measures that reduce the risk of contamination, and focus on pre-emptive processes. The strain on the economy is palpable, and is an impending catastrophe that could exceed the crash of 2008, and the Great Depression a century ago, if left unchecked. Besides asking people to practice social distancing and enforcing lockdowns to avoid the spread of the contagion, governments have another source of contamination they need to worry about: banknotes. The latest Fintech innovations can help mitigate the risk of transmission of the virus, by reducing the need to use physical money. Viruses and pathogens are known to live on surfaces for up to 48 hours. Some res...