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news this technology will fail to maintain it, or simply leave it unused rather than get bombarded with false alarms.
Biometrics boom in wake of terror
Biometrics is gaining popularity as an authentication solution for banks following the September terrorist attacks in the US.
According to a market report from Meridian Research, the rate of uptake of biometrics to secure financial transactions is set to increase in line with public fears about security. And public fear is directly proportional to terrorism on the world scene.
Christine Barry, the author of the report said, "The horrifying events of September 11 have caused many Americans, as well as people around the globe, to take a closer look at how we protect ourselves and our identities. A paradigm shift is inevitable as the financial services industry, faced by increasing pressure from consumers, begins to adopt additional measures to safeguard transactions and minimize the risk of stolen identities."
The report finds that the market force of consumer preference is galvanised by recent decreases in the cost of implementation of biometric technologies.