How to Preserve Privacy in Biometric Systems

Financial services have always done identity management. It began as the teller or manager knowing each customer. Next came signature matching, passbooks, and – if you had a lock box in a vault – a key. These systems were inflexible and inconvenient on purpose. With the advent of the computer age, these organizations simply adopted the digital analogs of these physical systems: PINs and passwords. These increased flexibility – a customer or employee could access an account at any time from practically anywhere – but sacrificed security for the sake of convenience. To be secure, PINs and passwords need to be long, complex, and changed regularly: Three things customers have no interest in.

Today, identity management is undergoing a revolutionary change as biometrics allow companies to combine the convenience people want with the security that both people and organizations need. Learn how three financial services companies from across the world, a private investment firm, a prominent Swiss bank, and a major trading organization, have deployed a biometric authentication platform as part of their identity and access management strategy. Veridium’s Chief Product Officer, John Spencer, will explore the key factors that make up a secure biometric authentication platform, and Global Head of Sales Engineering, Ross Penny, will discuss the details of deploying within different environments.

In this webinar we’ll discuss:
• Using enterprise-ready solutions to replace passwords with multi-factor biometric authentication – including 4 Fingers TouchlessID, face recognition, and touch recognition – for employee and customer access.
• Maintaining a highly secure-yet-convenient user experience across any channel: ATM, app, and personal computer.
• Providing users with fast, easy, and seamless enrollment and verification.

In today’s digital landscape, we don’t own our digital identities. We might be able to control what information we put online, and manage how it’s used to a degree, but once we give that data to Facebook, Google, or Microsoft, they own it. The emerging technology of blockchain has the potential to change that with the concept of self-sovereign identity (SSID).

With SSID, individuals could maintain control over their digital identities, as well as how it is used and where it is stored. This would benefit businesses and consumers alike, simplifying efforts like KYC that cost financial institutions millions of dollars a year, and preventing data theft or misuse like the current Facebook/Cambridge Analytica fiasco.

In this webinar, a leading blockchain researcher, Prabath Siriwardena, explores the evolution of identity management in the era of blockchain, introducing the idea of Bring Your Own Identity (BYOID) and self-sovereign identity, and the need for strong authentication using biometrics as part of this innovation. Prabath has over 10 years of experience in identity and access management and is currently leading WSO2’s research into bringing blockchain and federated identity together to better protect user privacy.

The use of biometrics for identification and authentication is driving significant advances in security, but as more organizations deploy biometric systems, privacy concerns are also rising. This is particularly true with regard to facial recognition, which has a high opportunity for abuse.

In fact, improving the accuracy of biometric systems increases the opportunities for misuse. New algorithms can let hackers extract non-identifying data, such as personal health details, from biometrics. This data could also be used to identify an individual outside of the scope of the original system, such as matching their enrolled facial image to their social media profiles.

These types of abuse are particularly problematic if these systems aren't also protected from cross-linking – where the data from two different systems is compared to identify an individual enrolled on both without their consent. An example of this would be cross-matching a banking customer with their health insurance account using biometrics they’ve enrolled on both.

If your organization is contemplating using biometrics, watch this webinar to learn best practices for protecting people’s privacy and their biometrics. One of the world’s leading biometric scientists, Professor Arun Ross, will explore the importance of protecting biometric data, examples of how it can be abused, and systems for improving privacy.

In this webinar we’ll discuss:
How biometric data could be abused to learn information about individuals
How to modify biometric data to preserve individual privacy
How to assess the degree of privacy needed in any biometric system
How Veridium encrypts and stores biometric data to optimize privacy as well as security

Innovations in mobile devices are helping financial institutions to bank the under- and unbanked across the globe. Leveraging mobile technology, as well as blockchain and other more recent innovations, companies like Wala and Veridium are looking to bring banking services to the under- and unbanked in Sub-Saharan Africa.

In this webinar, we discuss:

- The challenges of banking the under- and unbanked in developing countries
- The lessons learned during this project
- Why biometric authentication played a critical part in making these efforts possible in the first place

Will the GDPR regulation affect your business, but you don't fully understand what these new rules mean? This webinar takes a look at the realities of GDPR from a business perspective. What is GDPR, what it will mean to be compliant, and what can you do to prepare for it? We explain how you can achieve compliance, and how biometric authentication fits into the picture.

In this webinar, we discuss:

What GDPR truly is, and how it will affect organizations in the EU
The benefits that GDPR will bring to enterprise data protection
How GDPR will affect the collection and storage of biometric data
How you can achieve GDPR compliance with biometric authentication

Did you know that nearly half of the calls to company help desks are for resetting employee passwords? It's a staggering amount of time, money, and productivity wasted on a single task. How would you like a solution that eliminates passwords for identity management access and uses biometrics instead?

In this webinar, we discuss:
Eliminating passwords entirely, replacing them with biometrics
Adding biometrics for two-factor authentication
Securing login to Active Directory and Citrix environments
Integrating behavioral biometrics for passive authentication

Biometrics is one of the hottest topics in technology and cybersecurity markets today. The use of biometrics to enable user authentication and identity assurance is an essential improvement over usernames and passwords, and innovations in mobile devices, wearables, and other technologies is helping bring biometrics to mainstream audiences.

As the new year approaches, it’s an opportune time to take a look at how innovations in related technology are going to impact biometrics, and how different markets, including healthcare and financial services, could be deploying biometric authentication in 2017.

In 2015, 63 percent of all confirmed data breaches were the result of weak, default, or stolen passwords. In fact, this was the second primary cause of all data breaches, globally, according to the 2016 Verizon Data Breach Investigations Report.

The death of passwords has been heralded for over a decade now, but these reports were often greatly exaggerated. However, in recent years this has begun to change, as new technologies are allowing companies to change how they secure access to digital assets. From traditional usernames and passwords to two-factor authentication, outdated security practices are failing to keep data secure. Whether it’s a lack of user adoption or actual flaws in the security infrastructure, businesses need a better option to protect access to their most important resources.

In this webinar, we discuss the prevalence of data breaches today and where passwords and two-factor authentication fall short, followed by how biometrics, when properly deployed through end-to-end solutions like VeridiumID, can provide the missing piece for fully securing digital access.

Fingerprints are an easily accessible biometric on most newer mobile devices. Thanks to Apple, millions of people are using Touch ID.

As the field of mobile biometrics advances, new methods are being introducing beyond Touch ID, like finger-photo recognition for contactless fingerprint capture. High-quality rear-facing cameras make it possible to capture your fingerprints visually, without any additional hardware. This method increases overall security because it is extremely hard to spoof.

In this webinar, we discuss 4 Fingers TouchlessID and analysis of the science behind it, as well as some of the real-world applications and benefits for biometric authentication.