classic | mobile
Follow us on:
Follow us on Facebook  Share via Twitter  Share via LinkedIn
 

Search...
Hi-Tech Security Solutions Business Directory


Biometrics is inevitable
September 2010, Access Control & Identity Management

The uptake of biometric identification in the financial world may take time, but it is sure to happen.

The uptake of biometric identification in the financial world may take time, but it is sure to happen.

There are many myths surrounding the Knights Templar and their sometimes legendary, sometimes suspect pursuits. The reason the Templars live on in history is that they became rich and powerful by offering what we call banking services to thirteenth-century customers, and the fact of their grisly demise in the early 1300s.

In those days, travelling between towns and countries was a dangerous affair as there were bandits around every corner ready to carry your valuables away. The Templars allowed travellers to deposit their ‘stuff’ at one monastery and collect the amount from another monastery after showing your proof of deposit – minus a small fee, of course.

Not much has changed. Today’s bandits are still around every corner and inside our financial houses, which still consider their fees small. And while there are many more outlets, from banks themselves, ATMs, credit and debit cards, and the Internet to choose from; the idea is that if you can offer some proof that you are a certain person you can help yourself to that individual’s money.

Things have changed in that criminals today have a broader range of tools and technologies to choose from when helping themselves to other people’s money. In fact, you can steal identities and raid bank accounts from the safety of your computer thousands of kilometres away. Unfortunately, many problems with identity theft and fraud happen in financial companies, perpetrated by the people who work there.

Of course banks try to curb internal crime by trying to ensure only the right people have access and authority to conduct specific transactions and access certain areas and information. Unfortunately, this is normally accomplished using identity cards and, for very secure processes, a combination of cards and PINs or passwords.

Marius Coetzee, COO of Ideco Biometric Security Solutions, is adamant that the use of cards and PINs is an inherently faulty process as they can be shared, copied and stolen. Few employees would consider it fraud to lend their card or access code to someone popping out for lunch. Not much damage in that? One local bank recently paid a R2,5 million price through passwords being shared.

“Using biometric identification is a non-repudiable process that links one identity to whatever business process the person associated with that identity is doing,” Coetzee explains. “You cannot lend your fingerprint, and it cannot be stolen and used without you noticing. So, when a biometric is used to authorise a transaction, that evidence will stand up in court; a lost card or forgotten password will not.

“We will see the use of biometrics increasing in the financial world over the next decade, eventually replacing insecure cards and PINs completely. This will not only happen for financial staff, but the physical and logical transactions of customers as well. Someone can easily steal your card and observe your PIN, but faking a fingerprint or iris is not that easy.”

To ensure security, there are processes surrounding biometrics that must be adhered to in order to ensure biometrics is 100% reliable. The products used must be proven to be reliable and secure, while being easy to use – you do not want people scanning their fingers four or five times before being recognised.

Additionally, the question of interoperability is also crucial. If a customer’s biometric works at one bank’s ATMs, for example, it must work at ATMs from all banks. This means that vested interests need to be put aside and the standards that already exist in the market must be accepted and implemented by all. There will still be brand and application flexibility, but within globally accepted standards.

Coetzee notes that globally accepted and proven standards are also crucial when it comes to privacy concerns in biometrics. All organisations will be happy to have a foolproof method of identifying people, but they need to ensure that their customers can be securely identified in multiple situations without exposing their private details. “This is not all that difficult; it simply means the financial institutions need to be careful in implementing their identification processes.”

The bottom line is that mindsets need to change if an effective identity chain is to be developed. This is not an access control solution that is expanded to include logical sign-on, but an holistic solution covering the enterprise and beyond. There may be resistance from many quarters that will lengthen the process, but to put a barrier between criminals and their targets biometrics is inevitable.


Credit(s)
Supplied By: Technews Publishing
Tel: +27 11 543 5800
Fax: +27 11 787 8052
Email: jane@technews.co.za
www: www.technews.co.za
  Share via Twitter   Share via LinkedIn      

Further reading:

  • The kids are alright
    August 2017, Nemtek Electric Fencing Products, Inhep Electronics Holdings, iPulse Systems, Turnstar Systems, This Week's Editor's Pick, Access Control & Identity Management, Perimeter Security, Alarms & Intruder Detection, Asset Management, EAS, RFID, Integrated Solutions
    While there is no getting around the fact that South Africa’s manufacturing sector faces myriad modern obstacles and challenges, it can be considered a mark of pride that the security sector consistently bucks the trend.
  • Shipton takes the reins at Impro
    August 2017, Impro Technologies, This Week's Editor's Pick, Access Control & Identity Management, News, Integrated Solutions
    Errol East has retired from Impro, handing over the reins to the new MD, Mike Shipton.
  • New head for Technology Innovation Expert Group
    August 2017, Ideco Biometrics, News, Access Control & Identity Management
    Ideco Biometric Security Solutions’ director Francois Vermeulen has been appointed as the new head of the Technology Innovation Expert Group for the Biometric Institute.
  • Salto partners with Concept Store
    August 2017, News, Access Control & Identity Management
    Salto Systems appoints distributor for southern Africa for its cloud-based wireless access control solution, SALTOKS.
  • Zambian judiciary captures ZKTeco
    August 2017, ZKTeco, Access Control & Identity Management
    Physical access control manages people flow in court with the use of ZKTeco products.
  • Theft-resistant gate motor cage
    August 2017, Centurion Systems, Access Control & Identity Management, Products
    Centurion Systems is releasing a new theft-resistant cage for its gate motors in an effort to combat the gate motor theft epidemic that has been sweeping the country.
  • Only clock-in on site
    August 2017, Econz Wireless, Access Control & Identity Management, Products
    Econz Wireless has added a new feature to Econz Timecard. Clock-in Lock is a feature where companies can restrict the location where the employees can clock in.
  • Unlocking Genetec and SALTO
    August 2017, Genetec, Access Control & Identity Management, Products
    Genetec and SALTO bridge the gap between mechanical/offline locks and IP-based access control.
  • Fake face detection
    August 2017, Suprema, Products, Access Control & Identity Management
    Although face recognition has many advantages, the concern about ‘Fake Face Attacks’ is highly warranted.
  • Suprema integrated with M2SYS CloudABIS
    August 2017, Suprema, Access Control & Identity Management, Products
    M2SYS selects Suprema BioMini Slim 2 fingerprint scanner for its CloudABIS biometric software solutions.
  • Automatic access at Lanseria
    August 2017, ASSA ABLOY South Africa, Access Control & Identity Management
    ASSA ABLOY Entrance Systems’ automatic entrance and exit solutions facilitate passage at Lanseria International Airport’s international departures terminal as well as to offices at the facility.
  • ONVIF releases Profile A
    August 2017, This Week's Editor's Pick, Access Control & Identity Management, News, Integrated Solutions
    rofile A for broader access control configuration establishes a standardised interface for access control clients and expands the configuration options of ONVIF conformant access control systems.

 
 
         
Contact:
Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory (HSBD)

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Other
Terms & conditions of use, including privacy policy
PAIA Manual
         
    Mobile | Classic

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.