Death of the Password?

Technology

Death of the Password?

They call it password fatigue - the dozens of secret codes we must remember to access our accounts overwhelm us, so we reuse them or write them down.

November 18, 2014

They call it password fatigue – the dozens of secret codes we must remember to access our accounts overwhelm us, so we reuse them or write them down. This leads to vulnerability. Early this year, 21% of Internet users surveyed by Pew Research Center reported a breach of an online account.

The primitive password may soon be replaced in one important sector – banking. U.S. banks are eyeing biometric measurements (such as fingerprints) as identification for everything from ATMs to online access. They’re following in the footsteps of Japan, where more than 80,000 biometric-enabled ATMs have been installed since 2006. Privacy and security issues have been a stumbling block for biometrics in the U.S., but it’s becoming more mainstream.

Biometric security options including voice, fingerprint, facial recognition and even keyboard typing patterns are on the radar for many financial institutions. However, adoption depends on proof that the concept works. As enhancements come to the forefront, many information security specialists are testing the technology and conducting pilot programs. Customers can expect to see some of the tactics deployed once the tests are proved successful.

 



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