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VCG offers back-office voice biometrics
New voice activated payments are in the pipeline; voice recognition will be used for both front-end and back-room applications
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Biometrics not yet ready for banking transactions
Security expert: Biometrics plays a role in banking and financial institutions — but until 2016 or so, it should be used mostly to add a third security factor to existing chip and PIN systems
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Sagem Sécurité to coordinate TURBINE project
TURBINE aims to develop advanced digital identity solutions, combining automatic fingerprint recognition and innovative cryptographic techniques; research efforts will focus on burying secret information inside a description of fingerprints
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Siemens to offer fingerprint Internet ID
To cut down on hacking of bank accounts, Siemens will introduce an Internet ID which scans the user’s fingerprints before allowing him or her access to the bank account
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Pay By Touch discontinues biometrics services
Pay By Touch came to market with much fanfare, offering to process biometric transactions for merchants; things did not work as planned, and company discontinues service
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Campaign to launch U.K. e-crime unit gathers momentum
What with the growing worries about the safety of e-commerce, silicon.com launches an e-commerce security campaign; industry likes the idea, but wants government to fund it; government says businesses should pay, too
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More than 4 million credit, debit cards exposed in security breach
Supermarket chain Hannaford Bros., with 270 stores nationwide, says that a security breach in its system exposed 4.2 million credit and debit cards; 1,800 cases of fraudulent use already detected
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Voice biometrics gaining a foot hold
Philips and PerSay combine encryption software with technology that manages users’ “voiceprints” and speech verification; both potential customers and privacy advocates say they like it
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Banking security measures can tackle terrorism and terrorist financing
Mobile phones can be part of the banks’ security to prevent terrorist financing through fraud, but it can also be a direct tool in the pursuit of homeland security
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Emphasis shifts to analytical tools rather than building sturdier walls
The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it
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