According to a new market analysis report, the biometric systems market was valued at 13.89 billion US Dollar. What’s more amazing is the fact that it is expected to reach the mark of 41.80 billion US Dollar by 2023. No doubt 2018 has been a busy year of market expansion for the biometrics and advanced security.
With more than 600 data breaches to affect the markets in Norway, the United Kingdom and the Middle East, biometric security has certainly become a priority for the users post 2018. This has made it essential for the users to stay updated with the latest news and information regarding biometric securities around the world. Whether it is an e-commerce website or an online assignment help portal; people are counting on biometric authentication as a parameter to gauge cyber security.
YITU Takes the Top Spot on NIST Facial Recognition Vendor Test Leaderboard
YITU Technology has acquired the first place on the NIST facial recognition testing leaderboard for the second time in a row. The article explicitly talks about how YITU AI Research scientist Dr. Wu Shang helped the company take the top spot on the leaderboard with advanced facial recognition technology.
Airport Biometrics at a Potential Turning Point
Making its way to the second position, this informative write-up is among the most-read biometric update articles in 2018. Readers who are trying to develop insights regarding airport biometrics will find the content to be helpful and interesting. Did you know that the Orlando International Airport is already investing in advanced biometric technologies? You should definitely read this article to know what’s cooking.
Biometrics Arms Race and the Future of In-Surface Fingerprint Sensors
Ultrasonic fingerprint sensor technology, based on the Piezoelectric Micromachined Ultrasonic Transducers, is anticipated to take giant steps in the coming years. The designers and manufacturers are apparently pairing the best and the fastest virtual prototyping and simulation technology with their innovative ideas. You must give this article a read to explore what is in store for us in the near future.
Biometrics and Block-chain Will Beat Credit Card Fraudsters
Owing to rapid digitalization, we have no choice but to share our credit card details to make purchases online. This, as a result, has made us vulnerable in the hands of credit card fraudsters. The combination of blockchain and biometrics is said to combat unethical and legally prohibited activities practiced by the credit card fraudsters. The article explains how blockchain-based biometrics security will restrict credit card information breaches with perfection.
The Convergence of Biometrics and Computer Vision
A major trend in the Biometrics industry is unfolding with the convergence of computer vision and biometrics technologies. For example, fingerprint scanning systems are expected to adapt the algorithms to recognize the user’s biometric efficiently. You should read this article and update your knowledge of the latest trends.
Kairos Replaces Founder Brian Brackeen as CEO
Big news alert! According to Miami Herald, facial recognition company Kairos has replaced Brian Brackeen as CEO with Melisa Doval. According to the company chairman Steve O’Hara, the Board sees tremendous growth opportunities. They are convinced that this is the right time for a leadership change. In a shocking revelation, founder Brian Brackeen says…
“The company I founded is trying to remove me as the CEO. This is a delicate time for all of those involved, including the management, employees, and investors. While I disagree strongly with this action, there is not much more I can share publicly. My legal counsel has instructed me not to speak about this matter at this time. The truth from me will follow in due course.”
With so many things going around, reading through this article will help you to gain insights on what is going on with the company executives.
Mastercard’s Remote Enrollment Solution for Biometric Payment Cards Developed with IDEX
MasterCard has reportedly unveiled its remote biometric card enrollment technology. This will allow the customers to register fingerprints on a biometric payment card, directly from home. The company aims at making life smarter and simpler for the consumers. Originally developed by IDEX, in partnership with MasterCard, the latest technology seems to hold a lot for the consumers in the near future. Consider reading through this article to know more.
Biometric Retail Technology is Ready for Its Close-up; But are Shoppers Ready for It?
Facial recognition technologies are being deployed to prevent retail store losses. Although biometric retail technology has already reached a new level of efficiency, but are the shoppers ready to embrace the technology? This is an insightful article that talks about various aspects of this newly introduced effective biometric retail technology. Give it a read.
Deep Fake Technology Outpacing Security Countermeasures
The possibility of using artificial intelligence to create digital forgeries is alarming. According to U.S. Senator Marco Rubio, “weaponized” information could be a major security threat. It is said that the government agencies and legislators are working on similar concerns, grappling with major AI threats. This has been one of the most read articles on Biometric update in 2018. If you haven’t read it yet, click on the attached link to get the hang of it.
Fingerprint Cards Publishes eBook on Biometric Payment Cards
Good news for the readers! Fingerprint Cards has published an eBook with the title “Biometrics – The Missing Piece of the Payment Card Puzzle?” It’s a 32 pages PDF publication explaining the different aspects of biometric payment cards, how they work, why consumers prefer them and the likes. If you can spare the time to read, consider reading through this article (and of course the eBook).
Biometrics: Are They Becoming the Nirvana of Personal Security?
It is said that all smart devices like tablets, phones and wearables are going to have some form of biometric security enabled by 2020. In addition, personal banking via mobile apps is predicted to overtake the trend of online banking in the United Kingdom. You should read the entire article to know in detail.
2018 Biometric Predictions: Advanced Biometric Technologies Take Off
This is yet another informative article that brings forth the 2018 biometrics predictions of advanced technologies that will take off soon. FST Biometrics CEO Arie Melamed figured out four potential industry developments for 2018. You can read this article to explore the major advancements in the domain of biometric security that await us.
To wrap it up
It goes without saying that the biometric authentication system is undeniably one giant of a technology. Automatic recognition and confirmation of the identity of a living person is one giant leap towards advanced security.
With tons of security breaches affecting the confidentiality of individuals and business organizations, the world counts on the advancements brought forth by biometric authentications.
Here’s hoping the list of articles mentioned above will help you to develop helpful insights.