October 22, 2012 -
Last Friday, VoiceVault released performance results of its latest voice biometric replay detection platform.
For the financial services industry, these results set new standards in mitigating risks of hackers using recordings to attack biometric voice solutions.
A study of more than 10 million transactions revealed that VoiceVault detects 99.98% of recordings submitted to its voice biometric engine, protecting against sophisticated fraudulent attacks using recordings of genuine speakers.
When it comes to mobile payments, detecting fraudulent activity involving the use of recordings is significant.
“Fraudsters are becoming ever more ingenious in their attempts to circumvent our systems and this is one of the many ways we have responded to the threat,” commented Dr. Trevor Thomas, VoiceVault’s Chief Scientist.
VoiceVault has stated that these increases in detection accuracy come with no corresponding increase in the false trigger rate, and that they “apply irrespective of the amount or type of audio distortion that a fraudster might apply to the recordings”.
Back in August, Biometric Update reported that VoiceVault had been selected by one of the top five U.S. health insurance companies processing insurance applications over the phone using voice signatures.