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Hoyos Labs Finds Consumers Would Use Biometrics if Offered by Merchants

According to survey results, given the numerous large-scale breaches in the past year, more than 50 percent of consumers are worried about the safety of their personal information online. However, many are not taking the necessary precautions to help protect their information. Of those surveyed, 90 percent of participants think that passwords provide little or no security, yet they are still the main way people access their accounts.
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Over 1.1 Billion Users of Mobile Biometrics for Financial Services by 2020

In its report, Mobile Biometrics for Financial Services; Market and Technology Analysis, Adoption Strategies and Forecasts 2015-2020, Goode Intelligence predicts that by 2020 over 16 billion mobile biometric payment transactions will be made.  Alan Goode noted, “Industry standards, such as IEE 2410 (Biometrics Open Protocol Standard or BOPS), provide a common biometric authentication framework that is user-centric and robust enough to meet the rigorous demands of the financial services industry”.
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America to Tighten its Visa-Waiver Program

The Economist’s travel blog, Gulliver, reports, “Under the new plan, to be debated in Congress, such visitors would need to have an e-passport, which contains biometric data. It would also put more onus on airlines to verify the passport data of its passengers, with bigger fines for those that fall short.” Biometric hacking, says Hector Hoyos, is difficult but far from impossible. “It really is a brave new world.”
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Consumers Beware: New Chip Credit Cards are Far from Fraud Proof

On MyBankTracker.com, Dan Rafter writes, “Consumers shouldn’t assume new chip-enabled credit cards will keep them safer this holiday season. They won’t.” Hector Hoyos says in the article, “I am taken aback that we are using chip-and-signature cards instead of chip-and-pin cards. [Chip cards] will cut down on some fraud, but we could have done so much more. We are spending all this money for a system that isn’t as secure as it could be.”
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Dutch Online Store to Accept Face or Fingerprint Purchases

Dutch online shop Koopjesdrogisterij will be the first online store to use facial recognition or fingerprint scanning for purchases, using Hoyos Labs technology. Planet Biometrics notes that “1U biometrically scans their face or fingerprints for a whole range of unique features, and then authenticates their identity and allows you to make purchases” Hector Hoyos said, “4F works in any environment, because it uses the phone’s flash as its light source with no external hardware required.”
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Hoyos Labs Rolls Out 4F Biometric

Hoyos Labs’ 4F mobile app is gaining adoption among security-minded companies.  Gina Jordan at Secure ID News writes, “Hoyos Labs’ new four fingerprint biometric ID has been downloaded 24,000 times in the last week.” The app is easy to use because of the guide for positioning fingers and the use of the phone’s flash as a light source. The LED flash pulses at multiple frequencies to create a hyperspectral image of the fingerprints.
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Breakthrough In Smart Phone Technology To Replace Proprietary Biometrics Hardware In The Next Few Years?

Larry Anderson writes about the advent of smartphones as viable replacements for all other biometrics hardware over the next few years.  He quotes Hector Hoyos, “You don’t need a proprietary sensor with smartphones getting more sophisticated. The time for proprietary hardware for biometrics is over – killed by the mobile industry” and describes the 4F technology.
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The Fundamental Differences between BOPS and FIDO biometrics

Hector Hoyos discusses the similarities and differences between the Fast IDentity Online (FIDO) Alliance and Biometric Open Protocol Standard (BOPS)  biometric identity authentication solutions. Both help people manage multiple accounts, and both seek to help enterprises fend off data breaches and deal with interoperability of authentication solutions. “However, there are key differences between FIDO and BOPS that bear examining, including a critical distinction regarding the handling of the security certificate.”
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Paying With a Selfie: Koopjesdrogisterij.nl

Hoyos Labs is partnering with online drugstore Koopjesdrogisterij to allow customers to easily and securely log in and pay with Hoyos Labs 1U App. “No more fumbling with forgotten passwords or data that need to be filled once again. You link your bank account to your account and pay by making a selfie.” Article in Dutch.
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Multi-Finger Authentication: The Next Phase in Smartphone Identity Recognition

Francis Mather writes about multi-finger authentication on BiometricUpdate.com, “single-finger identification systems are available on mobile devices like Apple and Samsung smartphones. And while these companies have effectively integrated a single-print hardware-based scanner into these phones, there are still two key drawbacks of not only this system but all individual forms of biometrics: reliability and security.” He goes on to explain how multi-finger technology can replace passwords altogether.
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