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Passwords are out! Banks Introducing Voice and Fingerprint ID Systems

         

engine

11:48 am on Feb 19, 2016 (gmt 0)

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I saw this on the news today and thought it could be a great system for many people that struggle remembering the plethora of passwords, and the weakness of password systems.

Fingerprint detection has improved considerably over the years, and the voice recognition just seems a great idea that should have been rolled out sooner. Perhaps the technology wasn't viable until now.
What'd be great would be a common system between the banks, instead of one having system A, and another having system B.

Of course, it won't stop fraudsters using the most common methods of extracting money by fooling the customer into thinking they are genuine bank employees.

HSBC is launching voice recognition and touch security services in the UK in a big leap towards the introduction of biometric banking.

The bank says its internet banking customers will no longer have to remember a password or memorable places and dates to access accounts. Passwords are out! Banks Introducing Voice and Fingerprint ID Systems [bbc.co.uk]

iamlost

9:35 pm on Feb 19, 2016 (gmt 0)

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Security theatre.

Both are very crackable. It's not incredibly easy but it is simple, however the main hurdle is cost - which we can expect to plummet now that a bank has provided a direct incentive.

tangor

3:48 am on Feb 20, 2016 (gmt 0)

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While it might work, it will not work in all situations. There are significant numbers who cannot travel, leave their abodes, or have fingerprints or speech (amputees and mutes). How the banks accommodate those will be the tell. I don't think we are done with passwords and pin numbers yet.