eCommerce's voice biometrics authenticates an individual's identity through the unique properties of his or her voice. A voice profile can be used to authenticate both telephone and online transactions without any Pins or passwords.
Brett Feldon, general manager at VeCommerce for the EMEA region, said: "Over a quarter of the UK population now regularly uses online banking but at the same time fraud continues to increase and criminals are becoming more sophisticated in their attacks."
Card readers deployed by financial institutions to address the online fraud menace have certain drawbacks, as they are expensive both to produce and support with the continual loss of passwords and the actual readers. "They also do not work 'out of band' and are vulnerable to 'man in the middle' attacks," Feldon said.
Friday, April 18, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment