IDENTOS acquires Precise Biometrics smartcard unit: Q&A with CEO Mike Cook

Last month, IDENTOS completed its acquisition of Precise Biometrics’ mobile smartcard solutions business, which includes the business operation involving smartcard readers under the Tactivo brand. The acquisition aligns with Precise Biometrics’ strategy to further increase its focus on its fingerprint technology business and free up resources for the development and sales of fingerprint technology. Precise Biometrics said the mobile smartcard solutions business will be reported separately as a divested business operation, with net sales of SEK 13.9 million (US$1.6 million)

U.S. economy loses $373 million to time theft

According to recent research by TSheets, “buddy punching” is costing American businesses at least US$373 million in payroll costs nationally every year. Buddy punching is the practice of employees “clocking in” for their co-workers. Earlier this year, TSheets commissioned PollFish to conduct a survey of workers aged 18 plus about their workplace time tracking habits. The independent survey of 1,000 employees found that 16 percent admitted to clocking in for a colleague. The same survey found that timesheets are most

U.S. Defense Department testing behavioral biometrics

Plurilock Security Solutions, a developer of network security products and digital identification solutions, today announced that the U.S. Department of Defense will test BioTracker, the firm’s cybersecurity technology. Under a cooperative agreement, Plurilock will work with the Defense Department’s innovation unit to evaluate the firm’s continuous authentication technology for use in combat support. The company’s flagship product, BioTracker, continuously authenticates network users based on individual keystroke and mouse dynamics. Plurilock’s patented behavioral biometrics software identifies people by the way they

NEXT Biometrics prepares to scale under new CEO

NEXT Biometrics is a familiar name in the fingerprint sensor market, having shipped its two millionth sensor in April, and with a company history that includes integration into Dell laptops, and its innovation of flexible fingerprint sensors to add biometric security to smartcards. The company has entered a new phase, however, led by new CEO Ritu Favre, and is preparing to leverage its extensive research and development by entering new market segments and scaling production. There are four markets NEXT

Mastercard and Oxford University unveil framework for mobile biometric banking

Despite a strong consensus among consumers and banks that biometrics should replace passwords for access to financial accounts, knowledge gaps are slowing the transition, according to the report “Mobile Biometrics in Financial Services: A Five Factor Framework,” released Tuesday by researchers from Oxford University and Mastercard. Since 93 percent of consumers prefer biometrics to passwords, according to researchers, and 92 percent of banks want to adopt biometric technology, its adoption should be advancing rapidly. Only 13 percent have deployed biometrics,

Border biometrics a work in progress, former FBI executive says

Finding the right mix of biometrics to best secure America’s southern border is a work in progress, according to KeyLogic VP of National Security and Chief Information Officer J. Kevin Reid. His extensive career in IT engineering, financial and program management with CJIS and other FBI projects culminated with Reid serving as the Assistant Director of the IT Infrastructure Division of the FBI. He now helps KeyLogic provide high-end engineering, professional and research services to 13 agencies across the federal

K(NO)W Identity Conference: Q&A with One World Identity CEO Travis Jarae

One World Identity will be hosting its inaugural K(NO)W Identity Conference May 15-17 in Washington D.C., which will bring together leaders across all industries and backgrounds to help combat prominent identity challenges of the 21st century. The conference will attract some of the most reputable identity experts and thought leaders for the opportunity to learn, network and collaborate on key identity-related issues. Attendees will be able to connect with key stakeholders from the companies, educational institutions, government agencies, and development

Gemalto exec discusses the 3M Identity Management Business acquisition

Earlier this week, Gemalto, a world leader in digital security, announced the closing of the acquisition of 3M’s Identity Management Business after approval by relevant regulatory and antitrust authorities. The 3M Cogent business has been recognized for delivering some of the most fastest, reliable, accurate and sophisticated biometric identification solutions in the world. Gemalto believes their strategic acquisition will round out their government service offerings by adding biometric technologies and more secure document features. 3M’s Identity Management Business will be

Author shares military biometrics deployment lessons to address industry shortfall

While working as a U.S. Army officer in the Department of Defense’s (DoD’s) biometrics organization, William Buhrow had a conversation with a frustrated member of the military in Afghanistan. The guides to use and planning considerations available for other systems used by the military did not exist for biometrics, he discovered. This realization prompted Buhrow to take on a role as an advocate for broader understanding of the non-technical aspects of large scale biometric deployments, and to write Biometrics in

Entrust Datacard building out continuous authentication capabilities

The ability to continuously authenticate a user during a session is a major opportunity for financial and banking companies with mobile customers, says Entrust Datacard global vice-president of authentication Ryan Zlockie. Entrust Datacard will make announcements related to continuous authentication at RSA 2017 and in March, the later related to biometrics, Zlockie told Biometric Update in an exclusive interview. “A lot of things are changing with the banks, that are really putting authentication even more front and center,” Zlockie says.