Cybersecurity is a hot-button issue, and identification and authentication of users are near the top of every organization’s priority list. This is helping to fuel exciting new developments in biometric technology. After all, it leverages difficult to duplicate features—unique physical and behavioral characteristics.
Numbers don’t lie; biometric technology is skyrocketing and fast becoming mainstream. Consider these statistics:
Research showing biometric systems market predicted to increase from 10.74 billion (USD) in 2015 to 32.73 billion by 2022. A 2017 European consumer research report indicates that 67 percent are comfortable with biometric authentication and 87 percent are expecting it to be in future. Fingerprinting, the original biometric technology, is far and away the largest market for single-factor authentication. It’s also a growing market, but new technologies are gaining speed.
Here are 7 trends will transform biometric-driven security as we know it:
- Technology Integration: Across industries, companies are engineering new biometric applications through integration with other emerging technologies. Integrations with smartphones, robotics, artificial intelligence (AI) and IoT are delivering greater security, operational efficiencies and improvements in the consumer experience.
- Mobile and Payment Technology: Mobile transactional services in the US will reach $1 trillion worth of financial transactions by 2020. This trend spans across all industries, making an investment in mobile security a necessity, not an option.
- High Adoption Industries:
- Travel. Myriad safety and security regulations mark the travel industry. The future may look like Dubai Airport, where more than 100 iris and facial recognition kiosks identify passengers within one or two seconds—saving time, improving security and enhancing the travel experience.
- Finance. More sophisticated biometric solutions can better meet compliance regulations, build consumer trust and provide greater assurance that accounts are being managed securely.
- Healthcare. Biometrics could lead to significant improvements in patient care, efficiency and costs. For example, medical professionals could quickly identify patients, get their real-time time patient histories and avoid dangerous mistakes—such as incorrect dosages or allergies.
- Voice Recognition: The demand for voice and speech-based systems, mobile voice authentication and integration with artificial intelligence (AI) are soaring. BusinessWire reports that global speech and voice recognition is poised to reach 6.7 million (USD) by 2025.
- Face Recognition: Apple’s iPhone X, with a next-level camera featuring infrared projection, was a game changer. Apple anticipates that FaceID will replace Touch ID in all iPhones moving forward. Integrations with AI (artificial intelligence) predict an estimated market of $9.6 billion in revenue by 2022.
- Iris Scanning: Iris scans are proving to be more commercially viable than older retina scanning. The FBI’s 2013 launch of an iris scanning pilot program demonstrated a faster, easier alternative to fingerprinting, albeit with privacy concerns.
- Behavioral Biometrics: Beyond e-signatures, biometric integrations with AI, machine learning and deep learning technologies will enable sophisticated biometric security systems to authenticate users, even as their personal behaviors—gait, keystrokes and mouse usage—change over time.
Welcome to the future
Understanding interactions between people, processes and technology is critical to implementing new technologies. For example, what’s more important to your market—convenience or maximum security? What about GDPR compliance? Is data stored on individual devices or a single database utilizing biometric tokenization and encryption? It’s a lot to consider.
Numerous biometric options bear great promise and are being developed at a rapid pace. After all, security systems based on unique individual characteristics are undeniably less hackable than even the strongest password. Authentication solutions with biometric technology, such as our own DigitalPersona solution, can help you in determine if biometrics are in your future.
Jeff Carpenter is Director of Identity and Access Management solutions at Crossmatch. In this role, he is responsible for evangelizing Crossmatch’s DigitalPersona® solution. In his 10+ years in cybersecurity, Jeff has held positions with a number of top tier cybersecurity and technology companies, most recently he was with RSA, a Dell Technologies company. Jeff earned a Bachelor of Science degree in Business Administration from Creighton University in Omaha, Nebraska. He holds both a Certified Information Systems Security Professional (CISSP) and a Certified Cloud Security Professional (CCSP) designation.