Why Do We Need Biometric Authentication?
The demand for digital solutions in the banking sector has been increased. The reason is the issues of social distancing and staying at home due to the Covid-19 Pandemic. Moreover, the hackers considered it an opportunity to breach the security levels and target online and mobile channels for carrying forward the identity frauds and record tampering.
The businesses and financial institutions found the solution of using free E-signature. However, the reality is that this simple solution does not work in this digital world. The best solution in this regard is to use advanced digital signature solutions that are equipped with biometric authentication features.
This technology got popular when many large-scale breaches were observed to hack the personal data of thousands of account holders, social media users, and email holders.
What do hackers do for a data breach?
The hackers normally use identifiable information to attack accounts for fraudulent activities. For example, they use social security numbers to create fake accounts. These accounts are generated on behalf of real customers. In this way, the officials do not notice them for a long time in which they can complete all the activities, which they need to perform.
How does biometric authentication work?
Biometric authentication has a significant role in controlling these kinds of fraudulent activities. It helps financial institutions and other companies authenticate customers more effectively and securely. Some may believe that biometrics means the recognition of human beings with fingerprints, facial recognition, or other types of authentication.
Factually, the digital signature online providers are using more authentic and sober procedures to allow the customers to access a specific application, document, or account. For example, some solutions offer liveness detection software that helps fight presentation attacks.
Users can use two types to identify real humans by using liveness detection solutions. In this way, these solutions can also recognize digital or manufactured representation. By using active liveness detection, the system requires a user.
When he blinks or moves his head in the opposite direction, the processing of passive liveness detection starts running. The system uses numerous algorithms behind the scene to analyze the samples for signs. For example, you can detect the paper or digital screens by capturing biometric samples that are allowed to do so.
While comparing active liveness detection with passive liveness detection, we identify that the second type is less intrusive. It is equipped with all the latest technologies and techniques to ensure that the users are going to use the most modern deployments for maximum security and protection.
This technology suits more the banks and financial institutions, where the most advanced liveness detection methods and multiple anti-spoof solutions are required. The reason is the involvement of monetary benefits and risks in the processes.
More importantly, the users can use these applications via smartphones to improve the processing and signing processes smoothly with device-native biometric solutions.
Banks can also create strong digital identities by using biometric authentication methods. For example, face recognition processes are the best to identify an individual and his identifiable information. However, the dark web and many other tools also have the same information that you can minimize only when you are ready to use biometric identification by using sophisticated solutions.
Authentication makes the life of a hacker harder.
When an individual or company starts using biometric authentication solutions, it is the confirmation that hackers need extra skills and mileage to breach the contract or any other processing, application, or document. The reason is that everyone needs to present a government-issued ID card. Facial recognition in these solutions does not work simply. There are numerous types of algorithms based on a mathematical representation.
More importantly, encryption and decryption procedures are also involved that can be possible to use only when the customer logs in. This encryption makes the data useless for hackers. Therefore, we claim that biometric authentication by using advanced algorithms is best to protect all types of data, information, accounts, documents, and files.
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