A vein-imaging point-of-sale authorisation device and USB-based iris scanning technology have been turning heads at the CES show in Las Vegas, raising expectations that 2014 may be a break-out year for the biometric technology industry.
Here, in Australia, we even refuse to carry ID cards, so biometrics doesn't stand a chance. Even if that were not the case, the cost of the hardware necessary to implement such a system in any but the smallest establishments would be rather excessive. Local
trials of biometrics by financial institutions and others have shown that the technology throws up too many false negatives to be acceptable, in itself. Further, it is vulnerable to man-in-the middle attacks, where malware records the transaction, and passes
it to a hacker. In the recent Target compromise, if the data stolen had included biometric authentication, the loss would have been equally serious. If the only issue is reliable user authentication, with no false positives or false negatives, then the algorithm
described in www.designsim.com.au/What_is_SteelPlatez.ppsx has been found to be perfect by financial transactions, so it may well be ideal for casino operations too - and considerably more secure.
© Finextra Research 2014