Fingerprints
as the bank password …. Heard right…!!! But only if you have
an APPLE iPhone…
Two banks in the United Kingdom will soon allow their
customers access their bank accounts using Touch ID-based fingerprint
identification technology, reports BBC News… This feature has been available
for customers of Royal Bank of Scotland and NatWest. They will become the first of any UK-based bank account holders to log into their
accounts using fingerprints passwords. It was already popular with banks in the US and other
countries.
It uses “Apple’s fingerprint sensor”, which was introduced in
2013, is one of the best scanning implementations till date. This is now
available with all latest models of iPhones, enabling the user to securely
unlock their devices…
Let’s see
how this works…
1) Users need to activate the touch ID Service on their IPhones and log into their bank account app using PIN number.
2)
After logging in, give
permission to banking app to the link with ID Service Technology.
3)
Press finger or thumb at
bottom of the phone to examine and compare the print with the previous one.
4)
Once verified, the account
can be accessed.
Fingerprints provide more secured way of bank account
accessing… Making it easier and more convenient
to access their finances as they don't have to remember a tricky password… After three failed login attempts they would
have to type in their security details to re-enable the option. Mobile banking users whose iPhones are stolen can
deactivate their Touch ID by calling the bank…
There is a little bit doubt in
its security… some experts don’t agree with this app, they say criminals could
easily break into someone’s bank account by using a high-quality photograph or
clear image of the phone-owner’s fingerprint. Such an image could even be obtained from the
phone’s screen itself. More sophisticated fingerprint-recognition systems can
detect the warmth and veins within fingers.
Ben
Schlabs of the German think tank SRLabs said: “Fingerprints are not fit for
secure local-user authentication as long as “fake fingers” can be produced from
these pervasive copies. It is a very different risk to something that is inside
your brain [such as a PIN code].”
Professor Mike Jackson, a cybersecurity expert at
Birmingham City University said: “Almost anybody, given enough chance, would
be able to break it. If you can get hold of a good finger print, it is very
easy to fool [the technology]. It is that insecure.”
However online and mobile
banking has grown enormously in recent years and customers are using digital
technologies to track their finances. Let’s hope that more and more revolutions
which make our transactions simpler, speedy, safer is on the way…
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