The Problem Biometric Authentication Solves for Financial Services

There’s no denying that the frequency and impact of data breaches are on the rise. Every year the record for the number of individuals affected by a breach rises, with 2017 surpassing 2016 quickly. There were more than 5,000 confirmed data breaches in 2017 with 7.8 billion records compromised, and that’s just what we know about. This steady increase in data breaches clearly demonstrates how antiquated existing identification security is. Passwords and tokens simply aren’t working.

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