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Biometrics
1. Introduction
Biometrics is the automated approach to authenticate the identity of a person using the individual’s unique physiological (fingerprint, face, voice, signature, iris, hand geometry) or behavioural (voice scan, keystrokes scan and signatures. Biometrics provides an easy way to individual identification as well as offer a high level of protection against identity fraud.
Prior to Sept 11, stocks of Biometrics technology companies and the sector as a whole, showed flat growth. Since then, it’s been a different story. Growth drivers include higher levels of security than are possible with card swipes and passwords. Market and social factors are also contributing to the rise of Biometric technologies. Prices are dropping, technology is improving and there is less public resistance to security measures that once may have been considered invasive.
Organisations can achieve cost reductions through the prevention of costly breaches, operational efficiencies and reduction in admin tasks such as password maintenance. Synergy with other technologies especially the Internet, allows databases to be knit together to access a wealth of information instantly
2. Industry overview
• Global 2002 industry revenu
Approximate Word count = 2070
Approximate Pages = 8 (250 words per page double spaced)
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