If you think your new iPhone's Face ID facial recognition feature or your bank's fancy new fingerprint scanner will guarantee privacy and block hackers from accessing sensitive personal or financial data, think again.
In the coming year, cyberattacks will zero in on biometric hacking and expose vulnerabilities in touch ID sensors, facial recognition technology and passcodes, according to a new report from credit reporting agency Experian Plc. While biometric data is considered the most secure method of authentication, it can be stolen or altered, and sensors can be manipulated, spoofed or suffer deterioration with too much use.
Even so, as much as 63% of enterprises have implemented or plan to roll out biometric authentication systems to augment or replace less-secure passwords, Experian said in its report. The push toward biometric systems dates back to the turn of the century in the financial services industry.