British People Don’t Trust Biometrics. Yet.
The security risks of relying on passwords alone for login authentication have led many financial and technology companies to opt for biometrics. A new survey has revealed however that here in the UK we don’t yet trust biometrics.
As you may expect from the introduction of any new technology to the market, the first reaction for most people is to 'not see the need', to resist change and to be cautious. 60% of those surveyed said they would rather use passwords that biometric logins.
Who Has Our Biometric Data?
We are notoriously protective over any aspects of our medical and biological data and this, coupled with the large number of high profile data breaches in recent years, has contributed to our apparent mistrust over who stores our biometric data and how well it is protected.
More than 40% of those surveyed for example don’t want companies to have any access to their biometric information and one-third said they were afraid that their biometric information could fall into the hands of criminals. In fact, only 5% of those surveyed thought that there is no risk associated with biometric logins.
Technical Hitch - Locked Out.
Just as many aspects of modern car engines rely on chips and computers and have therefore been perceived to have moved out of our control, so we also fear that the power to potentially stop and disrupt us will rest with the biometrics. 41% of those surveyed for example said that they were afraid that a malfunction would leave them locked out of their own accounts.
Being locked out of our accounts however, is something that could happen anytime without biometrics being involved e.g. forgotten PIN numbers, damaged cards, and faults with bank ATM software can and do give the same result.
Better For Whom?
Although many of us can see how biometrics would be more secure e.g. because of the uniqueness of our fingerprints, voices and irises, some commentators have argued that biometrics are simply sacrificing security for convenience.
What Does This Mean For Your Business?
At a time when fraud has become the number 1 crime in the UK and when cyber crime is soaring to new levels, relying on passwords alone for security is clearly not working.