Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operations

9/12/2018
03:00 PM
50%
50%

New Study Details Business Benefits of Biometrics

Biometric authentication can be good for security and for business, according to a new study from Goode Intelligence

Are biometric methods secure for two-factor authentication in the enterprise? Much has been made about the fact that biometric authentication is not always infallible, but is it "good enough" to take some of the pressure off of the notoriously fallible password?

According to a new study from Goode Intelligence, the answer is "yes," and in the just-released report on the study the company lays out the business case for biometrics. As an example, London-based Goode Intelligence's survey found that 67% of respondents use biometrics to verify a customer's identity during digital customer on-boarding. The EU's General Data Protection Regulation has set stricter security requirements on the data companies collect about customers, and Goode's research shows that it costs an average of $4,000 to go through that on-boarding process for each new customer.

Once a customer is established, the research says that 62% of respondents experience, "increased customer satisfaction benefits as a result of deploying biometrics." This increase is largely attributed to lower transactional friction from eliminating the requirement for a user name and password for each session.

In a statement accompanying the study's release, Alan Goode, founder and CEO of Goode Intelligence and author of the report, said, "The benefit of biometric authentication is that it can balance both security and convenience without requiring a compromise of either. There are significant benefits compared to legacy approaches."

Among the benefits noted in the study, a lower cost for acquiring customers, better customer engagement, and improved operational cost efficiencies go along with improved security and compliance benefits. 

For more, read here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 11/19/2020
New Proposed DNS Security Features Released
Kelly Jackson Higgins, Executive Editor at Dark Reading,  11/19/2020
How to Identify Cobalt Strike on Your Network
Zohar Buber, Security Analyst,  11/18/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-25159
PUBLISHED: 2020-11-24
499ES EtherNet/IP (ENIP) Adaptor Source Code is vulnerable to a stack-based buffer overflow, which may allow an attacker to send a specially crafted packet that may result in a denial-of-service condition or code execution.
CVE-2020-25654
PUBLISHED: 2020-11-24
An ACL bypass flaw was found in pacemaker before 1.1.24-rc1 and 2.0.5-rc2. An attacker having a local account on the cluster and in the haclient group could use IPC communication with various daemons directly to perform certain tasks that they would be prevented by ACLs from doing if they went throu...
CVE-2020-28329
PUBLISHED: 2020-11-24
Barco wePresent WiPG-1600W firmware includes a hardcoded API account and password that is discoverable by inspecting the firmware image. A malicious actor could use this password to access authenticated, administrative functions in the API. Affected Version(s): 2.5.1.8, 2.5.0.25, 2.5.0.24, 2.4.1.19.
CVE-2020-29053
PUBLISHED: 2020-11-24
HRSALE 2.0.0 allows XSS via the admin/project/projects_calendar set_date parameter.
CVE-2020-25640
PUBLISHED: 2020-11-24
A flaw was discovered in WildFly before 21.0.0.Final where, Resource adapter logs plain text JMS password at warning level on connection error, inserting sensitive information in the log file.