Wednesday, 02 July 2008

Biometrics ISO Standard released for use in the Financial Industry

The International Organization for Standardization (ISO) has established a standard security framework, ISO 19092:2008, for the use of biometric authentication of individuals in the financial services industry.

This will be interesting to keep an eye on, especially the adoption of the standard by Banks on customer facing systems.

FNB used to offer a digitag with its internet banking, but stopped the issuing the device as the take up was so poor. I personally though it was a great implementation of a second factor authentication. SA Banks seem to have settle on a one time pin delivered via SMS to your cellphone for that added layer of security, but sim swaps and the like for me only make it a half an extra factor.

People just don't seem that keen for the hassle of keeping themselves secure.

More info here.

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