With high profile data breaches hitting the headlines, businesses are under increasing scrutiny to enhance their cybersecurity. Data loss is no longer seen as a low-risk problem and is at the forefront of business priorities. The financial and reputational impact of falling victim to fraud is high.
Both big and small players in the financial sector have recognised passwords as a weak link in their security chains. A growing number are partnering with technology companies to implement new authentication processes, from fingerprints to iris recognition, or even full facial scans.