UK bank customers set to share DNA data with banks for biometric authentication

06/17/2015 07:35

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UK consumers want to use biometric authentication security for banking and are willing to share DNA data with institutions for identification purposes

Two-thirds of UK consumers regard biometric technology as more secure than usernames and passwords for banking, and a quarter are ready to share data about their DNA for identification purposes.

Biometric authentication could change the perception that making things easier to use makes them less secure and financial services companies need to invest in the technology or risk losing customers, according to a report from communications supplier Telstra. TRUNews

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