A new form of identity verification is helping organizations truly identify individuals rather than simply "matching" certain elements that the user supposedly possesses or knows.
Instead of matching id data, B-FY secures the transaction by identifying the individual who requires access, this makes hacking, impersonating or physical trespassing by id fraud impossible
Identity Access Management (IAM) is a critical aspect of modern-day business operations. Traditional methods of identity and access management, such as passwords and usernames, are no longer enough to protect critical information from hackers. This is where biometric technology comes into play.
The healthcare industry is a critical sector that requires stringent security measures to safeguard sensitive patient information. Biometric authentication offers a secure and convenient way to ensure that only authorized individuals can access patient data. B-FY’s solution guarantees that user’s data is always under their control. Nobody else’s.
Biometric identity authentication technologies are on the rise. Users prefer these friendlier and more secure processes to secure their data and, surveys reveal, they are ready to forget all about passwords.
Serban Group, with two decades of experience in IT architecture, biometrics, and digital identity, will implement B-FY's biometric identification solutions through a recently signed agreement between both companies.
B-FY Pulse is a great opportunity to gain insights into the latest cybersecurity trends and regulations, network with industry peers and meet some of the most renowned experts on biometrics and cybersecurity. On Thursday, May 25th at the URSO Hotel & Spa in Madrid. Save the date!
Two-step authentication or two-factor verification (2FA) has become the identity verification system of choice for many organizations. However, it is a method that creates friction with the end-user, needs a learning curve and rises security concerns. Biometrics can help solve these issues.
Biometric technology identity authentication is rapidly becoming more ubiquitous in our daily life for a variety of applications, from border clearance and immigration to almost every service across industries. However, there are still some misbeliefs about the use of biometric technology, its deployment and uses. Here are the most common myths about biometric authentication busted.
The rapid evolution of Internet and the incorporation of digital products and services to all aspects of daily life has brought about an equivalent increase in cyber threats, most of them being identity and credential-based. IAM can help, but organizations must get their implementations right. Here are some IAM trends we have identified for 2023.
The implementation of Multi Factor Authentication (MFA) is certainly an improvement over using just a username and password. However, this method has some disadvantages. Biometric authentication, based on patterns inherent to each person, offers greater guarantees in terms of security.
Biometrics can help event organizers in many ways, from reducing queuing time to increasing security, preventing fraud, helping the environment, or improving the attendees’ overall experience.
By adopting biometric identification systems, subscription model businesses such as content platforms like Netflix, or intermediation platforms like Airbnb, can truly ensure users are who they say they are avoiding identity fraud or password sharing.
With the steady rise of biometrics our bodies are becoming the future of payment security. Nowadays it is enough with just a quick smile or a wave of the hand, as set in the recently launched Biometric Checkout Program by Mastercard.
From 2020 to now, digital onboarding has become more frequent for both online and offline banking. Still, implementation, cost, UX and privacy real or imaginary challenges are holding back a wider implementation. B-FY's solution successfully addresses these challenges.
As the higher education industry is undergoing a major transformation to meet the demands of the new generations of students born in a technological environment, cyber attackers have found a new target. Meanwhile, biometric technology is proving to be a valuable solution to secure students’ data and improve the user’s experience both in virtual and physical campuses.
Following the outbreak of COVID-19, the educational sector has seen drastic changes. Online learning took a leap and learning in a physical classroom disappeared across the world. As students get accustomed to this “new normal”, a hybrid learning approach is expected to remain. Biometric technology could help the education sector in meeting the increasingly complex security needs that have arisen from this ongoing transformation.
The global healthcare biometrics market is expected to reach the value of 74.08 billion U.S. dollars (68.6 billion euros) by the end of 2028. Why? As the industry shifts from paper to electronic records, it needs more secure and reliable form of authentication: biometric ID.
Breaches or delays in patient authentication can be fatal in the healthcare industry, one of the most attacked by cybercriminals in the last three years according to various reports.
Traditional security systems based in knowledge authentication are proving to be inefficient against cybercrime, thus, many enterprises are turning to biometric verification. Here are ten reasons why.
We have been hearing about biometrics for quite some time, but as cybercrime figures soar, it seems biometrics’ time to become the best solution to fight cyber-fraud has finally come.
In response to the growing challenges of cybersecurity, many companies are adopting biometric authentication as a robust solution to safeguard their digital assets. This technology is transforming corporate security, significantly reducing the risk of fraud, and improving authentication processes through the intelligent use of smartphones.