Freely subscribe to our NEWSLETTER

“It turns out neither using a combination of symbols, numbers and letters nor changing passwords periodically can keep your accounts safe from cyber threats. Coming from a computer security expert who previously advised thousands of people on how to write computer passwords, this means only one thing: hackers are constantly innovating and so should we.

“Widely regarded as unsecure, passwords and PIN numbers are becoming a thing of the past as they can be copied, stolen, guessed or shared easily. Both customers and businesses now have a far more secure choice of authentication and verification through the use of biometrics.

“One example that stands out is palm vein. This technology combines the convenience of a contactless sensor with biometric security, and uses image recognition and optical technology to scan the normally invisible vein pattern of the palm. It’s proven to be highly accurate and highly resistant to counterfeiting, impersonation, and other dishonest actions. It is currently being used in hospitals, and for financial transactions at ATMs and kiosk terminals at several banks around the globe. For users, the system is more convenient and faster than typing a password – with identity verification usually completed within one second. Each palm vein pattern is unique and it stays the same throughout a person’s life.

“While we don’t expect biometric adoption to happen overnight, biometric verification of identity on a personal device will, in one way or another, become a standard identification process.”