As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Market prognosticators are talking this week about a new “tone” in stock markets. Last week an early rally gave way to a sharp sell-off mid-morning. The market weakness continued through the next five trading sessions.
VerifyMe reduced its quarterly loss by 78 percent year-over-year in Q3 from $1.8 million to $385,000 amid several positive developments for the company, according to its latest earnings report. A 15.3 percent decrease in operating expenses from the Q32016 allowed VerifyMe to exit the quarter with a cash balance of $0.8 million, compared to only $23,000 at the end of the 2016 fiscal year. Among significant moves in the quarter, VerifyMe signed a contract with HP Indigo in September to
The FIDO Alliance has launched a FIDO Europe Working Group to accelerate the use of FIDO authentication standards in Europe. The launch of the Working Group comes at a time when financial services firms, telecommunications companies and the broader ecosystem are working towards balancing new regulations with rapidly changing customer expectations. FIDO authentication reduces organizations’ and users’ dependence on passwords by providing interoperable, cryptographic, on-device authentication that is more secure and easier to use than passwords and one-time passcodes. At
Fingerprint Cards has been accepted as a member of the China-focused Internet Finance Authentication Alliance (IFAA). According to a statement from the Swedish biometrics company, the IFAA aims to achieve a more simple, more accurate way to verify the identity of humans based on fingerprint, face, iris biometric authentication methods. IFAA cooperates with device vendors, chipset vendors, algorithm vendors, security vendors, standard institution, certification organizations to together create a verification technology ecosystem, mutual benefit and common innovation, and jointly promote
A concept paper published in ChemPhysChem proposes a new biometrics-based authentication approach for unlocking mobile and wearable devices that relies on analyzing skin secretions, or sweat, to build an amino acid profile that is unique to the device’s owner, according to a report in Phys.org. Skin secretions contain many small molecules that can each be targeted for authentication analysis. The profile would be stored within the device and used for identification purposes each time an attempt to unlock is made.
This is a guest post by James Stickland, CEO of Veridium. Many of us were affected by the Equifax data breach, but those of us in the cybersecurity industry were shaken to our core. The fallout of this and other major cyberattacks over the last few years has yet to be fully realized, and the sheer scale of these breaches has caused many enterprise leaders in security to finally call for a complete rethink of their strategies going into the
Gemalto has entered into a partnership with the Center for Identity at the University of Texas at Austin (UTCID) to further efforts in research and education on identity management, privacy and security. UTCID was established in 2010 to educate industry players and the public, forecast threats, and share best practices. With this partnership, Gemalto and UTCID will focus on the following research topics to provide new options for industry players: biometrics as a solution for identity management and authentication; benefits
Vivo has signed a $4B USD memorandum of understanding with Qualcomm that encompasses technical partnership and patent sharing in mobile-related technologies including biometric authentication. At MWC Shanghai this July, Vivo unveiled the Vivo Under Display fingerprint scanning solution based on Qualcomm fingerprint sensors. Vivo will continue to work with Qualcomm on research and development in the biometrics spaces, particularly 3D facial identification, palm prints, fingerprints, iris scanning and other biometric technologies, to improve the ease-of-use and security of mobile phone
TRUSTECH – Pay, Identify, Connect & Secure 28 – 30 Nov.2017 – Cannes – French Riviera TRUSTECH is the Largest International Event dedicated to Trust-Based Technologies with unprecedented networking opportunities and not-to-be-missed Keynote Speakers. Join the whole industry for three days of Innovation, Business and Networking! Discover our first 150+ speakers: DAY 1: Ø Mobile Payments & Wallets Ø Biometrics for Authentication Ø Data Protection & Data-Driven Innovation Ø Connected Commerce & IoT Ø Securing the IoT Ø Cartes Afrique
Nok Nok Labs has released version 5.2 of the company’s S3 Authentication Suite, which incorporates multiple different interfaces (GUI’s and command line) as well as a browser-based Dashboards that will facilitate building and displaying reports, according to a company blog post. Aside from usability, the new Dashboards will add some significant new functionality to the platform. S3 Authentication Suite 5.2 now supports deep analysis tracking the aggregate number of users, registrations, authentications, transactions and other key data points. Using reports,