Biometric technology has played a crucial role in digital identity verification processes. People can simply use their fingerprints or facial biometrics to unlock their devices, confirm transactions, or log in to their accounts in the modern world. Additionally, most smartphones already have built-in support for these biometric scans, making the process easier and more convenient.
For decades, enterprises have used passwords as part of their authentication procedure. However, it is no longer sufficient in keeping out bad actors. This login credential can be stolen, lost, or guessed. Once a fraudster obtains someone else’s password, they can access various online accounts and use them for illicit purposes. A person’s biometric characteristics are almost impossible to forge, making biometric-based authentication solutions ideal barriers against fraudulent attempts. They are also viable replacements for passwords.