Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Banks and other industries embrace biometrics to boost security, convenience
– canadianbusiness.com
TORONTO – In the not-too-distant future, your bank will be able to prevent fraud by learning how you type, your car will unlock when it senses the electrical activity of your heart and the security system at your office will recognize your facial features.
That’s according to experts in the field of biometrics, which identifies a person by measuring unique characteristics such as their fingerprints, their retinas or their voice.
But these types of distinctive identification authentication processes offer more than the promise of a higher degree of security than traditional passwords.
Biometrics will also free consumers from the need to memorize a myriad of characters — a convenience that will appeal to anyone who needs to access a secure computer or network regularly.
“People are having to jump through more and more hoops to create a secure authentication,” says Karl Martin, the CEO of Nymi, a Toronto-based startup that created a wristband that can identify its wearer based on their electrocardiogram, or the electrical activity of their heart…
That’s according to experts in the field of biometrics, which identifies a person by measuring unique characteristics such as their fingerprints, their retinas or their voice.
But these types of distinctive identification authentication processes offer more than the promise of a higher degree of security than traditional passwords.
Biometrics will also free consumers from the need to memorize a myriad of characters — a convenience that will appeal to anyone who needs to access a secure computer or network regularly.
“People are having to jump through more and more hoops to create a secure authentication,” says Karl Martin, the CEO of Nymi, a Toronto-based startup that created a wristband that can identify its wearer based on their electrocardiogram, or the electrical activity of their heart…
