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Biometric Security: Consumer Demand

Date post: 22-Jan-2018
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THE THREAT WWW.INTERQUESTGROUP.COM/INFOSEC MAY 2017 BIOMETRIC SECURITY: CONSUMER DEMAND “56% OF PEOPLE ONLINE WOULD PREFER TO USE BIOMETRIC SECURITY MEASURES TO ACCESS THEIR FINANCIAL ACCOUNTS, FAR OUTPACING TRADITIONAL IDENTITY VERIFICATION METHODS.” JOHN MARSDEN, HEAD OF ID AND FRAUD AT EQUIFAX Identity is the no.1 fraud threat to UK businesses and consumers accounting for 53% of all fraud cases. 53% 60% of consumers would consider using iris scanning technology. WHY SHOULD BANKS START USING BIOMETRIC SECURITY? 29% of consumers say they would be more likely to use a bank that offers biometric security. SOURCES: EQUIFAX.CO.UK, INTELLIGENTENVIRONMENTS.COM WHAT BIOMETRIC TECHNOLOGIES ARE CONSUMERS DEMANDING? 57% of consumers would consider using fingerprint scanners. 55% of consumers would consider using facial recognition. 45% of consumers would consider using voice verification. 37% of consumers would consider using Electrocardiogram (ECG) heartbeat monitors. 37% of consumer would consider using vein verification. of British consumers are likely to be swayed by quality of security measures when choosing who to bank with. 37%
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Page 1: Biometric Security: Consumer Demand

THE THREAT

WWW.INTERQUESTGROUP.COM/INFOSECMAY 2017

BIOMETRIC SECURITY: CONSUMER DEMAND

“56% OF PEOPLE ONLINE WOULD PREFER TO USE BIOMETRICSECURITY MEASURES TO ACCESS THEIR FINANCIAL ACCOUNTS, FAR

OUTPACING TRADITIONAL IDENTITY VERIFICATION METHODS.”

JOHN MARSDEN, HEAD OF ID AND FRAUD AT EQUIFAX

Identity is the no.1 fraud threat to UK businesses and consumers accounting for 53% of all fraud cases.

53%

60%of consumers would considerusing iris scanning technology.

WHY SHOULD BANKS START USING BIOMETRIC SECURITY?

29% of consumers say they would be more likely to use a bank

that o�ers biometric security.

SOURCES: EQUIFAX.CO.UK, INTELLIGENTENVIRONMENTS.COM

WHAT BIOMETRIC TECHNOLOGIES ARE CONSUMERS DEMANDING?

57%of consumers would consider

using fingerprint scanners.

55%of consumers would consider

using facial recognition.

45%of consumers would consider

using voice verification.

37%of consumers would consider

using Electrocardiogram (ECG)heartbeat monitors.

37%of consumer would consider

using vein verification.

of British consumers are likely to be swayed by quality of security measures when choosing who to bank with.

37%

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