Market report for cloud biometrics for financial authentication

Cloud Biometrics Use to Soar in Two Years: Report (Infosecurity Magazine)

“Over half a billion customers worldwide will be using cloud-based biometrics to securely authenticate with their banks within two years, according to a new analyst report.

London-based Goode Intelligence’s Biometrics for Banking report details what might happen to the market over the next five years.

It claims that by the end of 2020, 1.9 billion bank customers will be using biometrics to: withdraw cash from ATMs, prove their identity over the phone, access banking services through smart devices and more. Sometimes a combination of biometrics will be needed, for example to initiative a transfer of funds from a web-based interface.”

We’re also seeing a lot of activity on this front and adoption of our IdentiTrac Web API.

Trusted identity management across the entire enterprise

NIST report, experts say security of IoT, mobile devices must be addressed (Biometric Update)

“Physical, sensing, actuating, computing and other security access control systems — including the spectrum of biometric usage such as biometric access and security systems; door, parking facilities, elevators, communication facilities, and rooms; occupant interface dashboards; and universal control and monitoring systems — are among the issues discussed in the recently released National Institute of Standards and Technology’s (NIST) Interagency Report on Status of International Cybersecurity Standardization for the Internet of Things (IoT), prepared by the Interagency International Cybersecurity Standardization Working Group.”

Securlinx CEO Barry Hodge noted this morning:

IdentiTrac is the Securlinx flagship identity assurance platform that supports all of our ID management applications and integrates with users’ existing data infrastructure.

The source NIST draft report is available here:
Interagency Report on Status of International Cybersecurity Standardization for the Internet of Things (IoT) (NIST.gov)

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