With more pressure coming from regulators to adopt multifactor authentication, the role of biometrics will become especially prominent. We see these trends reflected in market figures. Research from Markets and Markets predicts that the biometrics market will grow to $32.73 billion by 2022, roughly double from 2015.
Last week I wrote a short blog on Equifax and why massive data breaches continue to happen. I also proposed that hackers are not a step ahead of us as many proclaim but rather we are a step behind due to business rules, policies and short term performance mandates.
Like you I have been inundated with the media's frenzy on the latest data breach from Equifax. What I find interesting and somewhat surreal is that this was just another lost battle in a long standing war between enterprises that house consumer data and the hackers that want access to it.
BIO-key Chairman and CEO Michael DePasquale was recently featured as Biometric Authentication's Interview of the Week. During the interview, he discusses a range of topics including BIO-key's history, standards for security, and the role of biometric authentication in our changing world. Listen in and learn more about the real-world applications of this rapidly growing industry!
A few years ago, the company exited the business of providing biometric technology for law enforcement to focus on the broader enterprise business opportunity. That’s right, long before Apple embedded a fingerprint sensor on the iPhone, BIO-key envisioned a world where both the enterprise and consumers would find practical applications for fingerprint technology....