How secure is your business website? Across the globe, about 30,000 websites are hacked every day and more than 60 percent of businesses say they have experienced a cyber attack. Although digital security is getting more advanced, so are the tools used by hackers to breach online security systems, steal valuable information, and sabotage business operations.
One of the most common causes of digital security breaches is poor password protection. A 2020 report by Verizon Data Breach Investigations found that stolen or weak passwords account for as many as 81 percent of breaches. Many of us are guilty of creating simple passwords or using the same password for multiple platforms for the sole reason that they are easier to remember. A Google study found that nearly two-thirds of internet users have replicated the same password across multiple online accounts. Another study by security firm Hive Systems reported that passwords under ten characters can typically be hacked in less than an hour. The practice of creating weak or duplicate passwords, although common, can open an individual or a company to serious risk.
It is clear that a password alone is not enough for companies to protect their digital information. So what are the alternatives?
Biometrics and biometric security are rapidly growing industries that involve analyzing a person’s unique physical characteristics, such as a fingerprint or retina. As opposed to user-generated passwords, biometrics can more accurately and securely verify an individual’s identity. Many technology companies, such as Apple, are already incorporating biometric software into their products. According to Statista, the U.S. biometric market is expected to reach a size of nearly $69 million by 2025.
Biometric technology, and fingerprint authentication in particular, have the potential to save companies billions of dollars and protect their brand reputations by preventing digital breaches and ensuring the security of company and customer information. Fingerprint verification can be used on its own or as an additional layer of protection for passwords and has many uses—from unlocking a device to logging into apps to verifying e-signatures.
When incorporating fingerprint authentication into your company’s software and business processes, make sure you follow these best practices for maximum security and control.
- Require biometric authentication from all users. A chain is only as strong as its weakest link. If you want to incorporate biometric authentication to protect your company’s digital assets, make sure it is required of all users.
- Consider the customer experience. Biometric authentication is not only useful for internal business processes, but can also make the customer experience more convenient and enjoyable. If you are investing in fingerprint identity verification, consider how you can integrate it into your customer-facing processes as well.
- Incorporate multiple authentication layers. The more levels of identity verification, the more secure your digital platform or data. For extra security, you can use a pattern or PIN code in addition to fingerprint verification.
- Change backup codes regularly. This ensures that they are not easily guessed if someone gains access to them through social engineering techniques.
- Clean the sensors. While it may seem obvious, regularly cleaning the biometric sensors ensures they get an accurate read. This is especially true for shared sensors and scanners, such as those used to enter a building or those built into shared technology resources.
PRUVID is a leading provider of thumbprint authentication and fingerprint identity verification. Our cutting-edge software allows businesses in the real estate industry, entertainment industry, legal industry, and other industries to self-authenticate, secure, and export information with a 98% accuracy rate. To learn more about our software, contact one of our representatives today.