Consumers embrace iris and fingerprint scanning for heightened security
Implications - With a heavier reliance on convenience and the cloud, people have made themselves more vulnerable to identity and data theft. A technology arms race between hi-tech criminal activity and protection has begun and consumers are seeking biometric protection to authenticate their identities.
Trend Themes
1. Biometric Authentication - The implementation of biometric technology in various devices and systems can provide heightened security for the consumers from identity and data theft. This includes biometric wallets, online security, bar tabs, anti-snooping backup devices, eye scanning phone locks, and fingerprint password protectors
2. Fingerprint Scanning Technology - Fingerprint scanning technology is a viable alternative for conventional security measures to authenticate identity and access control. This includes fingerprint security wallets, fingerprint-scanning deadbolts, and biometric authentication
3. Iris Scanning Technology - Iris scanning technology is a viable alternative to traditional password security systems for enhanced security. The implementation of iris-scanning technology can provide a higher level of authenticating identity and access control in a range of settings - at homes and offices. An example of such a system is Hoyos Group EyeLock.
Industry Implications
1. Cybersecurity and Identity Theft Protection - The use of biometrics in security systems can provide consumers with enhanced security from cybercrime and identity theft.
2. Internet of Things (iot) and Smart Home - The use of advanced security systems such as biometrics and iris scanning technology in IoT and smart homes can provide higher levels of security to traditional approaches to security. This has implications for home and office security systems.
3. Authentication and User Identification Systems - The use of biometric technology in authentication and user identification systems has disruptive potential across a range of industries, from payment systems to securing confidential information.
