What's wrong with biometrics
April 21, 2006
By C. J. Kelly
Identity theft is the problem of the customer. Seriously. The customer is responsible for guarding his or her personal information while it resides in their possession: on a laptop or home computer, in a wallet, in a briefcase, in a PDA, etc.
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Identity theft is also a problem for the bank because it leads to bank fraud. Someone charges thousands of dollars to your credit card or uses your ATM Visa/MC card to deduct same from your bank accounts.
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Suffice it to say that biometric authentication has been touted as solving both problems: identity theft and bank fraud.
Source: http://www.computerworld.com/
Identity theft is the problem of the customer. Seriously. The customer is responsible for guarding his or her personal information while it resides in their possession: on a laptop or home computer, in a wallet, in a briefcase, in a PDA, etc.
...
Identity theft is also a problem for the bank because it leads to bank fraud. Someone charges thousands of dollars to your credit card or uses your ATM Visa/MC card to deduct same from your bank accounts.
...
Suffice it to say that biometric authentication has been touted as solving both problems: identity theft and bank fraud.
Source: http://www.computerworld.com/