Biometric technologies reshaping identity verification

Information security spending reached $76.9 billion USD in 2015 globally and it is expected to reach $170 billion by the end of 2020 with the worsening intensity and frequency of hacks.

Biometrics is gaining traction as a most robust security measure and is reshaping the online identity verification industry. In the absence of universal digital identities that can be used across services and cross-border digital identity, document verification and biometric authentication services remedy the issue of trust between service providers …

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