Saturday, April 19, 2008

Financial Institutions Evaluate BiometricsApr

In a bid to boost security in the financial services industry, ISO, the world's largest developer of international standards, recently issued a new biometrics standard for financial firms.

Citing the trillions of dollars in daily transactions that "expose the financial community and its customers to severe risks from accidental or deliberate alteration, substitution or destruction of data," ISO pointed to "a strong need for an ironclad authentication method" as a driver behind the new biometrics standard.

The new ISO standard presents architectures for implementation, specifies the minimum security requirements for effective management, and provides control objectives and recommendations for biometric solutions. Biometrics includes technologies such as fingerprinting (many new IBM laptops feature fingerprint scanners); voice identification; iris recognition; hand geometry analysis, which measures various points on the hand and examines how the length of one finger relates to your other fingers; and vein recognition, which uses a light source to examine an individual's specific palm vein pattern.

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This is an interesting article on biometric identification security. Click here to read more: http://www.wallstreetandtech.com/regulatory-compliance/showArticle.jhtml;jsessionid=DYD3MT23K1MAUQSNDLRSKH0CJUNN2JVN?articleID=207200167&_requestid=490501
or
http://tinyurl.com/5yw76d

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