Home » Not All Biometrics are Created Equal: Why FIDO2 Passwordless Authentication is Top of the Line

Not All Biometrics are Created Equal: Why FIDO2 Passwordless Authentication is Top of the Line

by LoginID
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From personal computers to building access, biometric authentication has risen in popularity over the years. By 2024, it is expected to be a $45 billion-a-year industry. Additionally, biometric authentication has several advantages, including convenience and better security. It is widely used in e-commerce platforms, airport security, banking, mobile, and other applications. By employing unique features, an individual can quickly gain access to a physical facility or online service without memorizing lengthy, intricate passwords. More importantly, biometrics are exceedingly hard to hack because they are unique.

While forging biometric data is difficult, it is not impossible. In 2019, a team of researchers demonstrated that they could remove fingerprints from a piece of glass and use them to unlock the owner’s phone in less than 20 minutes. Furthermore, facial recognition systems are said to be opened just by showing a picture of the owner. As biometric information becomes more prevalent, the stakes increase, prioritizing biometric data security. 

Deepfake or synthetic media is another major threat to biometric authentication. It is an application of the artificial intelligence (AI) technique known as deep learning, in which an individual’s picture, video, or audio is fabricated. Although it has been commonly utilized to imitate and discredit public personalities in the modern era, it poses a more significant threat when employed for financial crime. In January 2020, a bank fraud was committed using deepfake speech technology, resulting in a $35 million theft.

E-commerce has significant security risks, making them vulnerable to online fraud, hacking, spamming, and data theft. Even though biometric authentication systems provide a higher level of security, businesses must invest in a more advanced and comprehensive method to bolster their ecommerce fraud prevention and anti-cybercrime operations. The security of a digital-based business is critical for the owners as well as for consumers to keep their personal and financial information private and secure.

FIDO (Fast IDentity Online) was founded by the FIDO Alliance, an open partnership of the world’s leading technology companies dedicated to eliminating password authentication. It is a security standard for password-less authentication that enhances user experience by providing more reliable and advanced identity proofing. The standard uses a set of cryptographic keys to authenticate users. It also protects organizations against common threats of phishing, session hijacking, man-in-the-middle, and malware attacks.

Equipping the business’s digital portals with any authentication method is insufficient to repel hackers. Because not all biometric authentication solutions are created equal, the organization may still be vulnerable to cyber threats. Besides educating and training organizational members on recognizing and avoiding cybercrime red flags, investing in a reliable and secure authentication system such as FIDO2 would help protect the business from cyberattacks.

Once a biometric identification is compromised, the victim is unlikely to use it again. It is inadequate to rely on established policies to safeguard citizens on this digital frontier. Neither will believe that biometric data is protected by various privacy laws suffice. Companies can use a LoginID solution to add FIDO2 passwordless authentication to their systems and platforms. LoginID is a FIDO2-certified provider of biometric authentication services that enables robust employee or customer verification and ensures safe online transactions.

 

To learn more about the FIDO2 passwordless system, read this infographic from LoginID.

Not All Biometrics are Created Equal: Why FIDO2 Passwordless Authentication is Top of the Line - JDWAOd4162

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