Biometrics to Enhance Security of Crypto Exchanges

crypto exchange Copy

A large amount of cryptocurrency exchanges are kept being hacked in recent years. According to experts, cyber security is its Achilles’ heel. Biometrics with its uniqueness is believed to provide a stronger user authentication and help trace hacker identity. The enormous amount of trading money on crypto exchanges and the anonymous nature of trades have…

Continue reading

Biometrics Is Driving Big Changes in Anti-Money Laundering Activities

Iris scan money launder 2

Anti-money laundering (AML) remains a significant challenge for banks and financial institutions globally. As biometric technology becomes more reliable, affordable and innovative, it is driving remarkable changes on how regulators and institutions are combating with money laundering and terrorism financing (CTF). According to United Nations Office on Drugs and Crime (UNODC), the estimated amount of…

Continue reading

IriTech’s Iris Recognition to Secure Refugee’s Identities

UNHCR Thailand Refugee Iris recognition

The UN Refugee Agency (UNHCR) with its primary mission to protect the rights of the refugees has been rolling out a breakthrough Biometric Identity Management system (BIMS) to ensure that the right people receive assistance wherever and whenever they need it. IriTech is proud to be part of this project providing iris scanner since the…

Continue reading

Will Biometrics and Blockchain Be the Future of Identity Management?

iris recognition blockchain identity 1

Biometrics has proven to be a one of the most important technologies nowadays for identity management. However, with its increasing adoption in large-scale projects like national security and banking, there’s a growing concern over the vulnerability of the system that the information can be leaked or used by a third party without the awareness of…

Continue reading

Biometrics to Transform the Life of Millions Farmers

Iris recognition farmer

Biometrics has been used in various aspects of life from mobile, payment to buildings, national borders. Its benefits are undeniable which bring top security and convenience to our lives. Countries which economy is heavily dependent on agriculture are taking these advantages of biometric technology to narrow the gap, bring social and financial benefits to farmers…

Continue reading

Biometric Authentication Market to Go Vibrant in India

iris biometric authentication

Biometrics enables the secure delivery of government services to the citizens. In 2010, the India’s Aadhaar program was launched by the Unique Identification Authority of India (UIDAI), aimed to provide each Indian resident with a unique identification number to enable secured access to citizen services in an easy, electronic, and cost- effective way. The Unique…

Continue reading

Biometrics to Ease Security Intense in EU

Border Control System Biometric Identification

Biometrics can be broadly defined as the use of personal traits to identify, or verify the claimed identity of individual. Fingerprint, iris, face, and voice are all examples of characteristics that have been used to identify us in this way. A biometric-based border control system includes (1) biometric passport & travel documents which contain traveler’s…

Continue reading

Retina vs. Iris Recognition: Similarities and Differences

retina vs iris recognition

Besides fingerprint and facial recognition, eye scanning is one of the most highly mentioned biometric modalities these days. As the security market rapidly increases, it is expected that eye recognition solution would grow fast at a CAGR of 23.40% between 2015 and 2020, reported by MarketsandMarkets. The recognition of retina and iris are known as…

Continue reading

Biometric SIM Card – An Emerging Trend of Biometrics

Biometric SIM card - an emerging trend of biometrics

The more mobile marketplace continues to grow, the more it becomes the target attack for illegal identity thieves. According to a survey of telecommunications fraud and security experts, global fraud loss in the industry for 2013 is $46.3 billion, a 15% rise from 2011. The primary reason for the increase was fraudulent activity targeting the…

Continue reading

Biometric Card – The Future of Personal Identity

Biometric identification card

Biometric identification card is an innovative form of e-ID card which is no stranger to people all around the world nowadays. According to Acuity, there are twice as many National e-ID issuing countries as those issuing traditional National IDs in 2013. While e-ID card only contains identity information printed on the surface such as personal…

Continue reading