PA’s Johnny Wyld, financial services expert, is quoted in an article in The Times which looks at how the growth in online banking and transactions has made is easier for criminals to target banks. This has led to the financial services sector to invest in new security measures.
One point the article highlights is biometrics, which are hard to hack and convenient to use. Johnny explains that biometrics work on a balance of probabilities and that “they don’t always work”.
He goes on to explain: “A password or PIN is either right or wrong. Biometrics produce a percentage score, which the bank has to decide whether to accept – and the customer feels horrible if they are rejected.”