The Future of Security: A Glance in Biometrics by Monash University (Review)

Data received : 25-Jul-2018

Key Take-Aways:
  • Institutions (finance) and agencies (public) are continuously performing R & D on new methods of allowing online secure and authenticated interaction with consumers.
  • Currently, most institutions have deployed two-factor authentication solution (2FA) as part of a compliant with regulation.
  • Upcoming next would be three-factor authentication (3FA) - possibly via deployment of Biometrics as the third factor form.
  • The challenge of Biometrics authentication comes in the form of physical limitation such as when a person who had enrolled authentication for the right thumb loses that thumb thereafter. When such scenario arises, the solution is to re-enroll a new dataset into the system - i.e use the other thumb.
  • Asides from deploying Biometrics as the 3rd factor authentication form, some banks also implemented voice recognition as alternative, these include HSBC and Barclays.
Spokeperson :

Associate Prof. Wong Kok Sheik from the School of Information Technology at Monash University


Not mentioned explicitly.

Editor's comments.
  • Biometrics enrollment and deployment challenges do not just limit to permanent/temporary damage of the physical assets (i.e thumbs, iris etc). From my experience, people who are having diabetics were reported to have experienced difficulties in Biometrics enrolment and recognition of the fingerprint etc.

    Aside from these, fingerprint scanning requires the scanner to be operating under certain conditions which allow the scanner to read the fingerprint effectively; too dry or too cold or both environments would introduce hiccups in the scanning process.
  • Over past few months, social media have shown that facial recognition proves to be a more competitive Biometric technology compares to fingerprint and iris recognition. Nonetheless, facial recognition requires a deeper implementation of A.I especially in the area of machine learning which requires the system to harness big data in order to derive intelligence - this can be both costly and time-consuming.
  • In Malaysia, Citibank also implemented voice recognition for its call center when handling phone calls.
  • The hottest new kids on the block is the introduction of KYC/AML solutions facilitated by blockchain technology.

    Solution providers are researching solution to leverage on the power of blockchain technology, which serves to provide a decentralized platform of storing shared yet encrypted records which are tamper-resistant - pay attention that the key points are decentralized, encrypted and tamper-resistant.

    With such ability, a person's identity stored in a public blockchain would be as authentic as the record from the public agencies such as the central bank.

The Future of Security: A Glance in Biometrics.