More than one trillion transactions will be authenticated with biometrics in the cloud by 2022, supported by 5.5 billion biometrically-enabled mobile devices, according to forecasts released Monday by Acuity Market Intelligence in “The Global Biometrics and Mobility Report.” Annual revenues from biometric transactions will grow from $474 million in 2017 to $18 billion in 2022, a CAGR over 100 percent, Acuity forecasts. Biometric app revenue will grow by 26 percent annually, from $9.4 billion to 29 billion during the period,
Fujitsu America has launched a cloud-based Biometrics-as-a-Service (BIOaaS) solution which enables organizations to address increasingly complex data security risks. This offering demonstrates Fujitsu’s capability to secure financial, commercial and customer environments through integration with the company’s recently established Intelligent Security Operations Center (iSOC) in Dallas, providing real time security alerts in a seamless manner. The cloud-based identity platform reduces costs and allows customers to select and combine biometric modalities to develop the best use case for their particular organization and
Entrust Datacard has launched IntelliTrust authentication service, its new authentication cloud service with Mobile Smart Credential technology. The advanced adaptive authentication solution uses the cloud’s low touch deployment components with new levels of intelligent identity capabilities to deliver a more simplified and effective user experience with stronger security. IntelliTrust authentication service enables organizations to quickly secure access to cloud, mobile and legacy applications using a unified authentication platform that delivers transparent security and broad use case enablement across the organization.
Intercede has released MyID as a Service (MyIDaaS), a secure, self-service, multi-tenanted authentication cloud service for enterprises that eliminates the need for passwords by replacing them with government-grade digital identities. MyIDaaS is designed to provide a high level of security in a cost-effective manner, while enabling companies of all sizes and sectors to adhere to the strictest of government regulations. The new solution is designed to enable organizations to replace employee passwords with more secure and convenient digital identities on
Researchers from the The Institute of Electrical and Electronics Engineers (IEEE) created a high-performance cluster cloud framework to better manage the massive amounts of data related to mobile biometric authentication, according to a report by The Stack. The team conducted large-scale experimental tests (PDF) in which it used a cloud-based biometric authentication framework, or BAMCloud, to achieve a network speed performance that was more than eight times greater than alternate methods. Two other benefits of BAMCloud include achieving a performance
Aware has released Indigo|Onboard, the first in the company’s new Indigo line of cloud-based solutions that provide biometric search functionality either as a software-as-a-service (SaaS) subscription or as a server-based software license. Indigo|Onboard improves the onboarding process with advanced identity management capabilities, enabling organizations to biometric search to quickly determine if a new customer or employee has an existing identity record in the system. As a result, organizations can detect attempts at identity fraud as well as prevent any duplicate
Microsoft’s Azure Government now includes Cognitive Services, which adds facial and emotion recognition features to the company’s cloud platform, according to a report by The Inquirer. Announced during its Tech Summit event in Washington earlier this week, Microsoft revealed that Microsoft Cognitive Services is now available in Azure Government. Cognitive Services includes a series of machine based language, vision, search and knowledge of API to help developers to build apps more effectively and significantly faster. “We have enabled scenarios such
ImageWare Systems‘ GoVerifyID Enterprise Suite has been recognized with the 2017 North American Frost & Sullivan Award for New Product Innovation. Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
Fujitsu Laboratories Ltd. has developed a new technology that provides secure and seamless access to cloud services through IoT devices using a smartphone’s biometric authentication functionality and near-field wireless functionality. By leveraging FIDO technology which authenticates a cloud service’s user without collecting biometric information from their smartphone, Fujitsu’s new technology creates a secure network between a cloud service, an IoT device, and a smartphone, while verifying the user’s identity. As a result, users can securely and conveniently access cloud services
Intel Security has published its second annual cloud security report, “Building Trust in a Cloudy Sky”, which recommends that organizations use authentication best practices, such as distinct passwords, MFA and biometrics. Based on the survey results of more than 2,000 IT professionals, the report details the current state of cloud adoption, the main concerns with private and public cloud services, security implications, and the evolving impact of Shadow IT. The report states that hackers are seeking the easiest targets, and