“ While not new , biometrics are a necessity for convenient multifactor authentication and , if done correctly , can be secure , enabling their use in financial technology . Banks must be careful to ensure that any biometric technology implementations they use are secure .”
He continues : “ In our experience assessing this technology , new and emerging manufacturers can get this wrong and must be assessed before any authentication decisions are made . For example , biometric data can often be proved to be available outside of trusted execution zones on mobile devices , in other cases the authentication mechanisms can be spoofed sometimes with trivial methods .”
Covaliu says that , as banking services continue to integrate new technologies , it ’ s integral that screening approaches
“BANKS MUST BE CAREFUL TO ENSURE THAT ANY BIOMETRIC TECHNOLOGY IMPLEMENTATIONS THEY USE ARE SECURE ”
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