Tag: biometrics security

A new Deloitte study revealed that smartphone users in the country are using fingerprints as passwords.

British smartphone users have adopted biometric mobile security methods to a significant degree. Deloitte released a study indicating that 20 percent of smartphone users in Great Britain authenticate using fingerprints. This suggests that the general public is becoming increasingly comfortable with the concept.

The mobile security study was conducted with the participation of 4,000 consumers across Great Britain.

The biometric mobile security study was called “There’s no place like phone.” That report determined that among the respondents, 63 percent were using PINs and passwords for mobile phone authentication. Another 21 percent were using mobile device fingerprint sensors for that purpose.

The report stated, “We expect ownership of fingerprint readers to continue increasing rapidly.” It also added that “Many millions of people are likely to acquire a handset with a fingerprint reader over the coming year (either as a new or second-hand phone) and some people who currently have a fingerprint reader may start using it, as more apps offer this functionality.”

The report provided a number of reasons that biometric mobile security may be stronger than other forms.

It pointed out that using fingerprint authentication technology is quick, simple and inconspicuous. Moreover, its successful completion isn’t dependent on certain ambient conditions as is the case with many other forms of biometrics. Bright sunlight, for example, doesn’t reduce the effectiveness of this method. Similarly, a noisy room won’t change the accuracy of the scan. That said, according to the report, 2 percent of participants did use facial recognition or voice recognition to authenticate.

The outcome of this study is not unlike those from a prior Visa Europe study. That research indicated that people in Great Britain feel that they can trust government agencies and banks to keep their biometric data safe. As a result, they feel that they aren’t risking unauthorized access of their biometric mobile security data.

When those consumers were asked if they would trust this type of mobile security technology to confirm their identity, 85 percent said they would trust it with their banks. Another 81 percent would trust this method with certain payment methods. Seventy percent trust global online brands with this method. Finally, 64 percent said they would use this with their smartphone companies.

The Wall Street Analyst Interviews Mr. Gino M. Pereira, Chief Executive Officer; “Biometrics have come of age “

(Investorideas.com newswire) The Wall Street Analyst features a CEO interview with NXT-ID, Inc., (NXTD: OTCQB) a biometrics company focused on the growing m-commerce market. Mr. Gino M. Pereira, Chief Executive Officer and Chief Financial Officer discusses how the time for biometrics has come of age and shares insight into the company’s portfolio of voice and facial recognition technology.

Audio interview: (note this audio interview is available for a limited time to listeners)

http://thewallstreetanalyzer.com/nxt-id-inc-otcqbnxtd-ceo-interview/

About NXT- ID Inc. – Mobile Security for a Mobile World

NXT-ID, Inc.’s (OTCQB: NXTD) innovative MobileBio™ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio™ suite of biometric solutions that secure consumers’ mobile platforms. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com/, http://3d-id.net/

The Wall Street Analyst’s staff of writers, analysts, publishers, producers, market researchers, and PR professionals aim to provide investors with the tools they need to make informed decisions on buying stock. Our staff is a mix of financial professionals and media savvy individuals whose experiences bring the best talent from both ends of the spectrum. On one hand our financial experience gives us the ability to identify promising, off the grid companies before they are uncovered by the rest of the market, and on the other hand our media experience allows us to produce interviews which appeal to a large audience because we provide a format in which more investors can understand a featured companies’ upside. Our philosophy is to turn stock tickers into stories, ideas into headlines, and technical and financial data into easy to understand tidbits, easier to digest and therefore consumed by a larger audience. These interviews provide a jumping off point for investors to do further research into a prospective company. Our editorials seek to provide an out-of-the-box perspective found in few other financial sites.

Forward-Looking Statements for NXT-ID

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission

Contact Information

Contacts:

NXT-ID, Inc.

Corporate info: [email protected], http://www.nxt-id.com/

Source – The Wall Street Analyst

Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Disclosure: November 1Investorideas has been compensated by NXTD: five thousand per. Investorideas.com is ling shares More info: http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : Effective September 15 2008 – all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country