Applied Recognition face recognition solution to aid in preventing digital coin theft
The service, ‘Access Acuity’, offers users secure access to their digital currencies with face recognition.
“Holders of Bitcoin and other digital currencies greatly underestimate the risk of theft,” explains Don Waugh, Co-CEO of Applied Recognition. “The increased value of digital currencies has attracted sophisticated criminals that not only crack passwords but who also hijack mobile phone based methods of authentication.”
“Cryptocurrency token issuers and exchanges are increasingly concerned about security, especially given recently publicized thefts,” added Clive Wright, founder and partner in Blockchain Acuity. “Securing access to these accounts using advanced facial recognition technology from Applied Recognition really makes a lot of sense as well as being generally applicable across a variety of industries and systems.”
In September, Applied Recognition achieved a new benchmark for face recognition accuracy.