Talk about seeing the collision before it happens. A big bang is shaping up inside financial institutions where on one side are skeptics about biometrics used in lieu of passwords – be it voice or eye print or fingerprint – and on the other side are increasing numbers of senior executives as well as plain customers who frankly despair about how unreliable, indeed broken, the old fashioned username/password has become.
Many experts say the username/password login dates back 50 years, to the early days of mainframe computers.
The problem with username/password is twofold. Strong ones are tough to remember and easy to forget. They also – increasingly – are stolen, usually by hackers who break into a system and steal literally hundreds of thousands of them.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.