Technology may be advancing at a fast rate but that doesn’t mean that hackers are lagging. If anything, they’re always a step behind the latest security measures. This would explain the multiple data breaches that big companies such as Facebook and Yahoo faced in the past.


ALSO READ: USING P/E RATIOS TO BET ON INDUSTRIES – A CASE STUDY


No matter how secure you think your network is, there is always that one loophole that criminals go through to compromise everything. This is why more tech organizations are employing biometric technology to protect their data.

Biometric technology uses human characteristics such as fingerprints, iris patterns, facial features, voice frequency, and even hand vein patterns to identify a person. Of course, we’re not yet at that stage where companies are collecting DNA samples to authenticate people but it won’t be long before these methods will become the norm for highly confidential transactions.

For tech companies, fingerprints and facial patterns are often enough. They have proven to be highly secure compared to other methods of authentication. Here are more reasons why biometric technology is slowly being adopted by these companies:

  1. It’s Easy to Maintain

It can be a huge undertaking to have all customers switch to biometric identification. Depending on what characteristics are collected, it may take months or a year to get everyone on board. However, once it’s fully implemented, verifying for future transactions becomes easy. Companies can enjoy peace of mind knowing that their customers are getting things done without compromising their information.

On the customer’s part, they become more receptive to adapting to the technology knowing that the benefits outweigh the obstacles. It saves them from the hassle of memorizing passwords, and they get to enjoy the same peace of mind that companies have due to the increased security.

  1. Existing Identification Methods Are Weak

The old method of maintaining usernames and passwords simply just won’t do anymore. Fraudsters can simply hack into a system and get the whole companies’ database of customer credentials and use that information as they please.

Even if an organization has high security, it cannot protect its vulnerable customers from phishing scams. These fake websites, emails, and notifications can look so legitimate to the user’s eye that it’s easy to steal their usernames and passwords and get into their accounts.

With biometrics, the chances of getting hacked are low since data used to verify the person cannot be replicated. The most sophisticated biometrics don’t just look at the fingerprints, it can even detect heat and pulse to further ensure that the right person is authenticating themselves.

  1. Biometrics As An Added Security Layer

Biometric authentification helps combat fraud but it doesn’t have to be the only form of verification that companies use. The best ones use several methods to ensure that the right person is accessing their data.

For example, we now have multi-factor authentication which asks for biometric data along with a real-time code, and an answer to a security question. When people get used to biometrics, they have the tendency to become complacent with their data. But the multi-layered verification can serve as a good reminder that you can never be too secure.

  1. Biometrics Is Useful to Many Industries

Tech companies aren’t the only ones reaping the benefits of biometric technology. So are other industries such as healthcare, law enforcement, finance, and education. These institutions are just as vulnerable to data hacks with losses that can amount to millions, if not, billions.

Because there is a common interest for better security, we can expect that more people invest their time, resources, and money to ensure that we have robust biometric security. We may be enjoying better data protection with our current biometric technology but there is still lots of room for improvement.

What do you think of the use of your biometric characteristics to protect your identity? Share your thoughts in the comments below.


FEBRUARY 15, 2020: URGENT UPDATES TO HELP YOU MAKE MONEY ON THE MARKET!

Get the BEST STOCK RECOMMENDATIONS from THIS Stock Newsletter: TRY IT FOR JUST $19

The Motley Fool Stock Advisor ranks as the #1 Best Investment Newsletter for the fourth year in a row of the dozens that we we track. Their stock recommendations continue to beat all of the other newsletters that we follow and they maintain a very high accuracy of their picks. Their 96 stock picks from the last 4 years have outperformed the market by an average of 44% as of February 15, 2020. Read that again. I didn’t say their stock picks are up an average of 44%, I said they have BEAT THE MARKET by 44%.

No other newsletter comes close to that. You may have seen the Motley Fool’ advertisements that their picks are up 367% compared to the market’s 80%. Is The Motley Fool’s Stock Advisor really as good as they claim?

Our results, at least for the 4 years since January 2016, suggest YES. On January 2, 2020 they recommended TESLA when it was at $425 and it is now over $800 in just a month. They also re-recommended AMZN the last week of January and it released record earnings the next week and the stock is up $300 in 2 weeks. You can now get their next stock picks in real-time for ONLY $19. You will also receive their list of the TOP 10 Stocks to Buy Right Now. This special pricing is for NEW customers only and you must click on this link to get the special price..

Get the Motley Fool’s Next Stock Picks for $19

P.S. this offer is still backed by their 30-day money back guarantee.

P.S.S. Still skeptical? Read this complete Motley Fool Review.

LEAVE A REPLY

Please enter your comment!
Please enter your name here