The Benefits of Mobile Biometric Authentication August 26th, 2022
Provide this user-friendly authentication method to secure your clients’ systems.
Keeping data, endpoints, and networks secure is a common challenge in the digital age – and people are often the weak link. It’s human nature to look for the easy way to do things, and unfortunately, that often includes working around user authentication measures. According to mobile security provider Lookout, which published a list of common passwords leaked to the dark web, people still use “123456” and “qwerty,” which hackers could easily guess. Fortunately, there is a technology that keeps users compliant with security policies while minimizing the effort they need to spend on verifying their identity to log in: mobile biometric authentication.
What is Mobile Biometric Authentication?
Mobile biometric authentication is a form of multifactor authentication (MFA) that leverages users’ mobile devices as the first factor in authenticating identity. The second factor is confirming identity with biometric data, such as a fingerprint, iris scan, facial recognition, or voice recognition. Authentication may also include having the user enter a password, but it’s not necessarily required. Mobile biometrics can also authenticate users on laptops or PCs. For example, when a user attempts to log in, the application can send a text to the users’ mobile device for confirmation with biometric data.
The benefits are significant. If a device is lost or stolen, it can’t be used since it takes biometric authentication, which is extremely difficult to falsify. Additionally, it makes authentication easier for the user than remembering and entering a password at each login. And for the enterprise, user authentication is enforced and consistent, with no user workarounds that weaken security.
Where Mobile Biometric Authentication Is Used
Mobile wallet and mobile banking consumers are familiar with biometric authentication, which requires MFA, including a fingerprint or facial recognition, to access account information, and it’s also becoming a more common security measure for e-commerce accounts.
However, mobile biometric authentication is becoming more common in the enterprise space. Reportlinker.com predicts the global biometrics market will increase from USD 27.09 billion in 2020 to USD 62.52 billion in 2026, a 15.2 percent CAGR. Growth drivers include the increase in hacking and terrorist attack activity, as well as organizations looking for integrated authentication solutions to replace conventional methods.
You can also attribute the growth of this authentication method to high smartphone penetration, which, according to Statista, is 77.64 percent in Europe, and native capabilities of those devices, including cameras, touchscreens, and microphones, making biometric data capture easy. As a result, enterprises can leverage their employees’ mobile devices for MFA rather than make technology investments, making mobile biometric authentication financially feasible.
Additionally, businesses and organizations in other vertical markets are exploring the benefits of biometric identity authentication. In August 2021, the EU adopted interoperability requirements for a multimodal biometrics system to improve data sharing. Biometric authentication can speed processes at international borders and confirm military or government contractor IDs.
Mobile biometric authentication solutions can also benefit healthcare organizations to confirm patient identity and reduce insurance fraud.
Deliver Solutions and Value
Reportlinker.com findings include predictions for the most significant growth in the mobile biometrics market's software and services segment. Businesses and organizations would need to invest in infrastructure to manage these solutions on-premises, making “as a Service” options more attractive from a financial and scalability perspective.
Also, depending on the use case, you may identify ways to add value, such as with artificial intelligence (AI) that can spot fraud attempts and alert security personnel within an enterprise or organization.
With a mobile biometric authentication solution in your portfolio, you can meet the growing demand for these solutions that make identity verification easy for users and more effective for your clients, with no password required.