Let’s Talk Payments: Behaviometrics Will Define the New Era of Security

November 4, 2016 — Behaviometrics Will Define the New Era of Security

This article by Let’s Talk Payments (LTP) explores the growth of behavioral biometrics as a means to authenticate online users.

From a characteristic as an asset to a human as an asset

The exploration of biometrics for commercial use in most cases is usually limited to ‘traditional’ biometrics – fingerprints, facial recognition, voice, palm, vein pattern, hand geometry and iris. A vast array of companies has turned to biometric-based authentication as the technology is believed to provide necessary security level and convenience for the end user. In fact, the next generation biometrics market is expected to top $24 Billion by 2020, growing at a CAGR of 17.9% between 2015 and 2020.

Banks’ answer to Venmo and PayPal, Zelle was recently reported to be adding behavioral biometrics to increase its security. Early Warning and behavioral biometrics provider NuData Security has formed a strategic alliance to further protect the banks’ real-time money transfers.

For the complete article, go here.