Cyber security is a major hurdle for any business, but especially for bigger companies such as banks, online retail stores, and insurance companies. However, small and medium-sized businesses have also been targeted more recently, possibly due to their lack of preparedness. Holding critical company information for ransom by encrypting it to prevent access has become fairly common.
According to Digital Guardian, cybersecurity is defined as the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access. No one wants to have their customer’s private information or proprietary company data held hostage by a faceless criminal.
The global cybersecurity market is expected to reach $170 billion by 2020. So what is the solution that can help prevent and protect from major security disasters? Biometrics are part of the battle to win the war.
The following post explains more about what is biometric security:
What is biometrics? – Definition from WhatIs.com
Biometrics is the measurement and statistical analysis of people’s physical and behavioral characteristics. The technology is mainly used for identification and access control, or for identifying individuals that are under surveillance. The basic premise of biometric authentication is that everyone is unique and an individual can be identified by his or her intrinsic physical or behavioral traits. (The term “biometrics” is derived from the Greek words “bio” meaning life and “metric” meaning to measure.)
Read more here: What is biometrics? – Definition from WhatIs.com
In today’s world, there are many places that we have to prove we are who we say we are. Anytime you talk to the bank, go to the airport, and at work, some sort of identification is required. It used to be you just had to show your driver’s license. Then it became a password, but it didn’t take long before these were easily hacked.
With credit cards, I have had information stolen numerous times, which proves that a signature or PIN aren’t very secure. Now they have included a microchip in the cards that adds an additional layer of protection, turning the card member information into a unique code that is difficult to duplicate or copy.
Take security one step further and add in a fingerprint-sensor enabled credit card. This feature is supposed to be out everywhere by the end of 2017, but your bank has to be able to support the technology. The following video demonstrates how it works:
The only negative with the above technology is that you have to go to an enrollment center to have the process set up. At that time, they create a template from your fingerprint that is stored on the card. This adds a significant layer of security to using a credit card, and you can still use it the old fashioned way too, with a PIN number or a signature.
Taking biometric security another step forward…and this might be more of a leap…is behavioral biometrics. This technology collects information about your unique movements when you are on a computer. Running in the background over a period of time, it provides a full body print instead of just a fingerprint.
This post from Market Watch gives examples of how it works:
This technology could kill passwords and even fingerprint sensors – MarketWatch
With behavioral biometrics, rather than a one-time scan of a unique identifier like a body part, biometric security takes stock of ongoing actions after the user has logged in — like the rate at which users scroll, the way they hold the mouse, and the force with which they type on a keyboard. The system collects this information seamlessly in the background and responds to changes in behavior, learning from the user as they go about their normal activity.
Read the full post here: This technology could kill passwords and even fingerprint sensors – MarketWatch
As with any technology, there are potential downfalls. If you happen to injure your hand and change the way you manage your mouse, you can get locked out of accounts since the system wouldn’t recognize the change in your habits. There would have to be a backup plan in case of circumstances out of your control.