You can never be too careful when dealing with money online, especially when it comes to processing payments – that’s where two-factor authentication can help.
Internet fraud, cyber threats, online scams, eCRIME – these are words that we are all too familiar with today.
You can’t go a day without hearing about cyber-raids on bank accounts or reading about online scammers threatening to leak data unless ransom demands are met. Undoubtedly, cybersecurity is the single biggest threat to business today (even more than U.S. President-Elect Donald Trump – via Finextra). With attacks happening daily, what can we do to avoid these risks?
When Marty McFly was asked to donate $100 to save the Clock Tower by scanning his thumb on the Portable Thumb Unit, I was bowled over by the thought that such ludicrous technology may one day exist.
That technology was Biometric Technology and it’s no longer just a Back to the Future II prophecy. When it comes to verifying and authenticating your identity, biometric tech is becoming the go to approach for digital service providers – and banks and financial services providers are ramping up the pace of adoption, as they strive to keep up with the latest in innovation.