Death of passwords: Will password fatigue usher in biometrics?

The more the number of passwords, the higher the number of breaches: In the first half of 2020, data breaches exposed 36 billion records, according to RiskBased Security, a US-based cybersecurity firm specialising in vulnerability intelligence, data breaches and risk ratings.

Biometric authentication. Protecting the most vulnerable spots in digital channels

«These days, cyber attackers constantly improve the tech they use to steal money from digital banking channels users’ accounts: technical attacks, social engineering, or a mix of both come into play. These lead to financial losses for banks and their customers, or, at the very least, a much more complicated customer journey.
Unless you want to deal with frustrating calls from anti-fraud specialists or invite the client into the office for every minor change, the most innovative way to strengthen digital banking channel customer security is biometrics.»
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Biometrics is necessary, but not sufficient

Signing financial transactions in digital banking channels has always been done under special supervision. It’s hardly surprising: authentication and payment document confirmation are often referred to as the cornerstones of digital banking.