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Biometrics to provide answer to cyber security shortcomings

As the threat of cyber crime grows, the biometrics market is set to grow at pace, with consumers, governments and enterprises favouring this form of cyber security, new research suggests.

Biometrics refers to authentication tools and technologies such as facial recognition, fingerprinting and retina scanning. With traditional password-based security features look increasingly obsolete, these more precise and difficult to hack means of logging into computer systems are becoming far more popular.

A series of posts on the Ploughshare Innovations blog in recent weeks have highlighted this point. Firstly, the website reported that a study conducted by Visa Europe found that 76 per cent of 16 to 24-year-olds in the UK are ready to replace passwords with biometric authentication methods, with a further 69 per cent stated that they believed this method would make their lives faster and easier.

These findings clearly illustrates that consumers are ready and keen to embrace biometrics. This, in turn, is fuelling impressive growth in the global biometrics market, further cyber security news has suggested.

According to a study by ABI Research, again reported by Ploughshare Innovations, the biometrics market is expected to achieve $13.5 billion (£8.8 billion) in global revenues this year. This is being driven by increased security demands of government entities in Europe and the US in the midst of cyber terrorism and the general threat of hacking groups.

Furthermore, with analysts now monitoring this booming market far more closely, ABI suggests that spending on biometric recognition technology is going to continue to increase worldwide into 2017.

The need to address outdated cyber security tools and techniques has been made all too clear by the high-profile hacks on companies like Sony and Apple in 2014. Furthermore, the threat of cyber terrorism has meant keeping data and applications secure is as important as protecting geographical borders.

Indeed, the ‘CyberCaliphate’ of Islamic State has already carried out two high-profile hackings this year: on 12 January the group hacked the Twitter account of the US military’s Central Command. Then, a month later on 10 February, the IS hackers targeted Newsweek’s Twitter account and proceeded to threaten the family of US President Barack Obama.

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