From Passwords to Fingerprints and Facial Scans: The Future of Bank Account Security

Did you know 70% of organizations report they have been compromised by successful cyber attacks in the last 12 months?

Cyber security applies to the everyday protection of data, files and other digital information business professionals and individuals have for safekeeping as thieves and hackers become more aggressive with the types of personal identification information being stolen and the means by which they steal them. Additional forms of account security are important to consider and/or implement like security codes (provided by text, phone or email) and more.

This summer, the New York Times’ “DealB%k” section gave us a look into the current times of personal banking and what lies ahead for banking professionals and institutions.  Realizing that passwords are either too cumbersome or no longer secure, banks across the nation have started increasingly using fingerprints, facial scans and other types of biometrics to safeguard accounts.

An extra layer(s) of security might add a minute or two more to your daily routine but it could save you in the long run.

Until next time…


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