Three factor authentication
Chadwick, a former policeman and forensic photographer, said banks particularly those in Asia - had now introduced two factor authentication, with log-ins and digital tokens, but biometrics provided three factor authentication.
Some financial institutions now even used voice pattern recognition to definitely identify clients wanting to withdraw large sums.
Chadwick commended Singapore, Hong Kong and other developed Asian countries, for their advanced adoption of biometrics systems, particularly in enhancing citizen security and border control through e-passports. He said that these implementations represented only the first wave of biometrics development with the future possibly offering such breakthroughs as blood analysis by light, without requiring the skin to be penetrated.
He highlighted an expensive motorcycle distributor in Australia, that installed a biometrics fingerprint identification system to restrict access to a lift, which provided entry to a store of hundreds of valuable machines.
If a motorcycle dealer can use sophisticated biometrics technology to protect expensive machines, its hard to understand why larger corporations have not yet implemented this most secure form of identification to protect such things as mission critical data and systems.
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