Tag Archive for: Biometrics

Biometrics Experts and New Study Highlight How Behavioral Biometrics Supports Strict Regulation and Offers Better Data Privacy Protections

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New report from Biometrics expert, Goode Intelligence draws insights from BehavioSec and law firm Osborne Clarke to analyze how behavioral biometrics technology can be successfully implemented in compliance with GDPR, CCPA, and similar regulations

SAN FRANCISCO–(BUSINESS WIRE)–
BehavioSec, the industry pioneer and technology leader for behavioral biometrics and continuous authentication, today announced new findings that organizations and consumers can feel more comfortable with wider use of behavioral biometrics to safeguard their online digital experiences and identities.

Following a year of digital transformation on a societal level, the demand for better online user experience and a stronger level of digital identity protection has become essential. With a year when the world has seen a combination of personal data theft with new rulings and proposed legislation, like the EU Schrems II in July 2020 and the US National Biometrics Information Privacy Act in August [US Senators Merkley, D-OR and Sanders, I-VT], the need for expert guidance has never been higher. BehavioSec shares this research and a company milestone to highlight how behavioral biometrics can be adopted transparently with clear benefits, and in compliant fashion with comprehensive data protection laws. These include measures like the European General Data Protection Regulation (GDPR), the European Commission’s PSD2/SCA and its Open Banking mandate, the US California Consumer Privacy Act (CCPA) and similar, anticipated requirements of regulations proposed in other regions.

To validate the safe use of behavioral biometrics at a time when headlines are full of allegations about technologies like facial recognition and “deep fake” simulations being abused, BehavioSec sponsored the report, “2021 Global Data Privacy Regulation of Physical & Behavioral Biometrics” by respected industry research firm Goode Intelligence. In the report, Chief Analyst Alan Goode dives into the relevance of current and proposed global privacy and data protection legislation on the successful and…

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Cyber security and breaking biometrics – BBC Click

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Next Biometrics and OneSpan forecast modest revenue growth, Nice sees bigger gains in 2021 outlook

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Next Biometrics and OneSpan forecast modest revenue growth, Nice sees bigger gains in 2021 outlook

Next Biometrics has recorded 15 design wins since the fourth quarter of 2019 and rejuvenated its PC fingerprint sensor business, according to the company’s latest business update.

The company also sees traction in the payment and fintech market through its partnerships with Ngrave, Newland and Pagaria. Roughly 60 percent of the design wins are for FAP20 fingerprint biometric scanners.

In Q4 2020, Next Biometrics reports revenues of NOK 8.8 million (approximately US$1.04 million), down 5 percent from the same quarter in the previous year, but gross margins improved from negative 2 percent to 16 percent.

The cost-cutting and efficiency program carried out by the company resulted in an OPEX reduction of 73 percent, compared to a year earlier.

EBITDA excluding options was a loss of NOK 8 million ($.95 million), significantly reduced from a loss of NOK 44.3 million ($5.27 million) in Q4 2019.

“With a successful private placement completed a week ago, we are now in a strong financial position,” states Next Biometrics CEO Peter Heuman. “We expect to continue to report new design-wins and purchase orders as we go forward. Especially we have a strong belief in the future success of our FBI certified FAP20 sensor, which will enable us to disrupt a 1.5 billion USD market.”

For the full year, Next revenue fell to NOK 58.1 million ($6.92 million) from NOK 84.4 million ($10.05 million) in 2019, and gross margin fell from 24 percent to 15 percent.

In 2021 Next expects revenue and gross margin growth, and the company is part of bids on multiple tenders and contracts in India.

Nice reports record cash flow in 2020, strong demand for biometric fraud prevention

Nice has reported revenues of $435 million in the fourth quarter and $1,648 million for full-year 2020, growth of 1 percent and 5 percent respectively on a year-over-year basis.

Operating margins for Nice were down both in the quarter and the year, and diluted EPS fell during Q4, but grew by 3 percent for the year to $2.98. Non-GAAP fully-diluted earnings per share were $5.73 for the full year, up from $5.31 the previous year.

The company experienced growth in its cloud services, which exceeded 50 percent of…

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Smashing Security #173: 5G fiascos, Zoom gloom, and butt biometrics

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All this and much much more is discussed in the latest edition of the “Smashing Security” podcast by computer security veterans Graham Cluley and Carole Theriault, joined this week by technology …
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