A recent article in Security magazine highlights just how much consumers are relying on biometric technology. It referenced an iProov survey, which polled 16,000 consumers in eight countries. The survey gauged how they felt about biometrics, particularly when it came to security.
According to the study:
Seventy-two percent of respondents said they would prefer to use face verification for secure online transactions. Sixty-four percent said they either already use face authentication for accessing their mobile banking app or would do so if it was available, while 55% said that they already use biometrics to unlock their mobile devices.
We’ve seen an increased use of biometrics, and its benefits over alphanumeric passwords. And, overall, consumers are placing more emphasis on security, especially because they’re storing a lot of sensitive personal and financial information.
Nowadays, more consumers are turning to mobile to make a payment or to check on how much money they currently have in their checking accounts. Making sure that private information is secure—and only accessibly via that particular use—is paramount. Biometric technology can be a convenient way to help people secure their phones without having to remember a password.