Why biometrics authentication method is important? Give four (4) reasons.
Answers
Explanation:
With the banking and airline industries falling prey to cyber-attacks during the past years, the need for stronger authentication methods for payment has become essential. Be it the retail, entertainment and hotel sector, verification barriers such as biometrics can help protect them from breaches and frauds.
Answer:
The advantages that biometrics provides are that the information is distinctive for every person and it can utilized as a technique for individual identification. The top benefits of Biometric technology are authentication, privacy or data discretion, authorization or access control, data veracity, and non-repudiation.
1. Unique to the user:
A fingerprint consists of unique features such as ridges, valleys and minutiae points that are unique to an individual. It is almost impossible to replicate a fingerprint and it never changes with time unless there is an unusual occurrence.
2. Loss-proof:
Customers often mistype or forget their PINs or feel skeptical to use it, especially when they are making payments. Fingerprint identification eliminates such instances as the user is only required to use their fingerprint as their identity.
3. High security:
Security concerns are one of the most important reasons why biometric authentication has become the need of the hour. With biometric authentication, you are able to eliminate payment fraud activities such as card skimming, chip switching and shoulder surfing, etc.
4. Speed:
PIN authentication might take a few seconds or more if you use the wrong one whereas fingerprint recognition is a seamless,near-instant process. This will save a lot of time for both the customers and businesses involved.