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"Our testing of this device resulted in a scan and interpretation in less than 2 seconds, it is one secure little device and it wins our BEST BUY AWARD!"
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»   Algorithm
»   Authentication
»   BioAPI
»   FNMR

Who Loses with Identity Theft?
"The Justice Department estimated the loss to households due to identity theft at $3.2 billion."
The Justice Department (DOJ)

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Financial institutions are on the frontline of the battle against fraud and identity theft. Beyond SOX compliance issues, there is a realization that even the perception of security problems will scare customers away from using online banking services. Actual data loss must become public knowledge, resulting in embarrassment and lost business. The challenge for financial-services companies is how to provide tight online security and compliance without inconveniencing customers. It is in this juncture where biometrics increasingly enters and plays a decisive role.

Accountability

Identity theft in financial institutions is not limited to external hackers and phishing scam artists there is a very real threat from the inside. Rogue traders can cause extreme losses in a very short time. Security at the trading desk is paramount. Zvetco fingerprint readers and fingerprint keyboards are used to verify traders' identity while also increasing traders' productivity by providing them with advanced Single Sign On (SSO) capability that eliminates mistakes and saves valuable trading time

FFIEC Authentication Guidelines

On October 12th, 2005, the Federal Financial Institutions Examination Council issued guidelines for Authentication in an Internet Banking Environment. This is significant because it requires two-factor authentication. At the DigitalID World panel there was not a clear assessment on what this means in terms of technology and implementation. This is an area which could foster the use of more secure authentication technology of which biometrics is one possible factor. Here is a summary of the decision: The agencies consider single-factor authentication, as the only control mechanism, to be inadequate for high-risk transactions involving access to customer information or the movement of funds to other parties. Financial institutions offering Internet-based products and services to their customers should use effective methods to authenticate the identity of customers using those products and services. The authentication techniques employed by the financial institution should be appropriate to the risks associated with those products and services. Account fraud and identity theft are frequently the result of single-factor (e.g., ID/password) authentication exploitation. Where risk assessments indicate that the use of single-factor authentication is inadequate, financial institutions should implement multi-factor authentication, layered security, or other controls reasonably calculated to mitigate those risks.

Recommended Verifi Solutions

» SAFsolution Enterprise Edition
This network security solution (client server) provides enterprises with a very secure & centralized biometric Verification & Identification system. The SAFsolution uses a multi-factor authentication for functionality of windows logon, SSO (Single-Sign-On) and File / Folder encryption.

» Custom Authentication solutions
As a product development firm & a biometric related solution provider, we offer our software & hardware engineering capabilities acting as system integrator to provide you with a tailored biometric authentication solution.

» P4000
The P4000 is the proven corporate performer of the Verifi line of products. With over 100,000 units deployed globally, this standalone USB fingerprint reader is a reliable workhorse intended for the rigors of today's workplace.

» P3400
The P3400 is the smallest and most cost effective fingerprint reader in the Verifi line of products. It's attractive styling and high resolution sensor make it an easy choice for any biometric desktop applications.