Moderator, "Your Body as a Better Password: The Rise of Biometrics," NYPAY, New York, N.Y.
Last November 11 was China's "Singles Day," the world's largest shopping event, and more than 60 percent of those consumers paid with either a fingerprint or by taking a selfie. Biometrics replace passwords and are more convenient, safer and more secure than other authentication methods. But is it all good news? Biometrics last a lifetime. What if yours is stolen? What if the biometric doesn't work? And what about privacy?
DWT associate Emily Bruemmer moderated this lively conversation with industry experts about:
- Types of biometrics: advantages, limitations and challenges for each
- Techniques to foil fraudsters
- Best practices for employing biometrics in payments
- The emerging regulatory environment, e.g. "Biometric Information Privacy Act."