Nuance collaborates with BioCatch for Enhancing Security by Using Biometrics.

United States: Nuance and BioCatch collaborate to offer biometric security measures for authentication purpose on internet as well as mobile devices. This will help the companies in enhancing protection measures by catching fraudulent activities based on inconsistencies in the interaction pattern, with the device or an application. BioCatch has built a unique behavioral user profile by learning how a person usually uses his keyboard or mouse or how they swipe and tap on their mobile devices and can then flag any anomalies in a session and warn them.

“In today’s digital world, hackers have figured out how to bypass the initial authentication and piggyback on existing logins,” said Eyal Goldwerger, CEO of BioCatch, in the same press release. “One of the only ways to detect this is through continuous authentication and, by extension, behavioral biometrics, because it works in the background, passively, without disrupting the user experience. By bringing together our behavioral biometrics and Nuance’s voice biometrics, we are able to solve this problem and secure transactions holistically across multiple channels. We are very pleased to be partnering with Nuance to provide a joint solution to the marketplace that addresses this rampant cyberthreat and to address the growing demand from the market today for a single suite to handle fraud prevention.”.    

TechSci Research depicts that the new biometric safeguards put in the system will allow seamless functioning of the operations in the enterprise and with the rise in the IoT industry, where all elements are digital, biometric protection can play a crucial role in the unhampered growth in the global economy.

According to recently published report by TechSci Research, “Global Biometrics Market By Type (Fingerprint Recognition, Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition, Vein Scanner & Others), By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 – 2021”, the global biometrics market is projected to cross US $ 24.8 billion by 2021. Fingerprint recognition biometric systems are the most preferred type of biometric systems used across the globe, owing to their ease of use, low cost, high speed and accurate results. However, in terms of growth, vein scanner biometrics systems segment is anticipated to outpace fingerprint recognition biometrics systems over the next five years. In 2015, North America dominated the global biometrics market, and the region is anticipated to maintain its dominance over the next five years as well