ENTERPRISE SECURITY

If it seems like cybercrimes and tales of identity theft make headlines more and more, it’s not your imagination. Unfortunately, reports of cybercrimes are so common that they can be quite easy to tune out as noise. The FBI’s Internet Crime Complaint Center reports a steady increase in Internet scam complaints affecting victims worldwide. In 2021, there were 847,376 reported complaints, a 7% increase from 2020. Losses exceeded $6.9 billion. To put that number in more context, those were just the reported incidents, with untold thousands of incidents going unreported or unrealized.  

Threats just don’t come from the outside. Whether through malicious intent or just simple negligence, an organization’s own employees can put the business at risk. According to one report, 59% of IT security leaders expect insider risks to increase in the next two years, but more than half of organizations don’t have a response plan to deal with those risks.  

Luckily, biometric authentication technology is available and is rapidly becoming the gold standard when it comes to identity management and authentication. The technology can help companies enhance their password-free authentication solutions with mobile facial recognition, fingerprint verification, iris detection, voice recognition, and palm recognition. 

A short overview of biometric technology

Simply put, biometrics are unique human characteristics that serve as identifiers (e.g., facial, fingerprints, iris, etc.). These identifiers are unique; therefore, no two individuals can have the same matching biometric identifier. An authentication platform matches these identifiers to the correct individuals and then verifies the individual identified. Most of us are familiar with this concept from the many mobile phones and apps that have incorporated facial or fingerprint recognition for added consumer convenience. 

How biometrics protects your business

No matter the business size or scope, biometric technology can improve accountability, automation, and employee onboarding, and give a company the option for touchless consumer solutions. 

Improved accountability

Biometric technology can be used to replace employee login information and streamline other work functions for efficiency. Employers can monitor employee performance and activity with ease. Biometric technology integration can increase employee morale due to decreased employer oversight. Additionally, the technology minimizes security breaches, makes audits more efficient, and reduces paperwork. 

Time and attendance tracking

Biometrics can validate whether an employee is present at a given time and location. The advanced reporting capabilities provide HR professionals with employee-centric, time-centric, or location-centric reports on employee activity. 

Employee onboarding

In the age of remote work, employers need to be able to effectively and accurately onboard new employees into their workforce. Biometric technology can allow for onboarding through facial recognition or another biometric identifiers. Enterprise security teams can use biometrics for identity proofing as part of a mobile onboarding solution. The right authentication platform allows for advanced security checks and can authenticate driver’s licenses and passports remotely – negating the need for new hires to show up in person. Reputable authentication solutions also provide spoof-resistant biometric facial matching between live and printed images, which is critical when preventing duplicate records and running checks against watch lists. 

Touchless solution

You can offer touchless solutions to employees and customers with facial or iris recognition, which – given the increased focus on infectious diseases – is essential. Additionally, using touchless biometric authentication at access points in your building can eliminate unauthorized access and, in turn, increase security. Biometric technology eliminates the costs associated with lost access cards or forgotten passwords. 

Biometric payments

Biometric technology can be streamlined into point-of-sale technology for businesses that offer consumer goods and services to make transactions more efficient. A biometric payment is a point of sale (POS) technology that uses biometric authentication to identify the user and authorize the deduction of funds from a bank account. The shopper registers for a biometric program at a store kiosk by presenting valid identification and bank account information. After registration, the shopper simply places their finger on the sensor, and the comparison is made, authorizing the payment. Biometric payments are easy, secure and significantly reduce fraud. 

Consider implementing biometric technology 

For businesses interested in implementing biometric technology; Aware’s Knomi® mobile biometric authentication framework is a good option. The framework uses mobile devices to conduct biometric enrollment and authentication. It provides secure and convenient facial and speaker recognition for mobile, multifactor authentication. The best part is that the Knomi® framework can be incorporated into the existing technology you have in place. There is no need to rip and replace. 

Interested in implementing biometric technology in your day-to-day business functionality? Please visit our website for more information about Knomi®, or contact us below.