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                Consumers Worldwide Overwhelmingly Support Biometrics
                                    for Identity Verification, Per Unisys Study;
                   More Than Two-Thirds Also Favor Biometrics as Preferred
                                   Method to Combat Fraud and ID Theft

 BIO-key enables retailers, financial institutions and application providers to integrate secure, convenient authentication NOW!

Results of recent studies reveal consumer concern over identity theft and the need for improved security measures. Additionally these studies found that consumers prefer to replace existing, less secure, less convenient methods of identity authentication with biometrics.

Click to read details on:
          Independent Study: Vast majority of U.S. consumers trust the convenience & security
                                                       benefits of fingerprint authentication                
         Unisys Study:   Consumers Overwhelmingly Support Biometrics for Identity Verification
            IBM Study:   Consumers Concern Over Identity Theft and Credit Card Fraud- cite biometrics to protect ID
            TSSI Systems Study:   UK Study Reveals Dramatic, Positive Shift in Public Perception of Value of Biometrics
            KnowledgeStorm Study: Sophisticated Password Schemes Are  "High Maintenance" and Not Effective 

Retailers, Financial Institutions, Solutions Suppliers- Click Here to learn how you can quickly and easily satisfy this consumer preference.


 

Survey Shows Highly Favorable Consumer Perceptions for Fingerprint Sensors
Tuesday January 29, 8:00 am ET
Online Banking, PC Security and E-Commerce Rated Highest among Desired Fingerprint Sensor-Enabled Applications

MELBOURNE, Fla.--(BUSINESS WIRE)--According to a recent consumer survey, a vast majority of U.S. consumers trust in the convenience and security benefits of fingerprint authentication, especially as it relates to online banking, PC security and electronic commerce (e-commerce) applications. The survey indicates that a clear majority (77%) is ready to begin using fingerprint sensors as part of their part of their day-to-day activities, signaling the strong growth potential for broad consumer adoption

The independent survey of U.S. consumers, sponsored by leading fingerprint sensor and solutions provider AuthenTec (NASDAQ:AUTH ), shows two-thirds (66%) of consumers trust fingerprint biometrics as a means of authentication more than traditional PINs or passwords while 68% perceive the use of a fingerprint sensor to be more convenient.

Surprisingly, a similar majority (67%) claimed to have little or no knowledge of mainstream consumer electronic devices such as PCs and cell phones that feature a fingerprint sensor, despite their widespread availability. According to the survey results, 43 percent of respondents believe that less than one million fingerprint sensors are in use today. In fact, AuthenTec recently celebrated the shipment of its 25 millionth fingerprint sensor to the global marketplace in November, 2007.

“The survey reveals the chasm between strong end-user acceptance for fingerprint sensor-enabled devices and yet the low level of awareness of the widespread availability of products that feature our fingerprint sensors,” said AuthenTec Chairman & CEO Scott Moody. “This feedback is a reminder to the industry and consumer electronics manufacturers that there is a receptive buyer eager to enjoy the convenient security of fingerprint sensors.”

Correlation: Adoption and Online Comfort Level
According to the survey, the more often an individual conducts online banking and e-commerce, the more likely that person is to perceive the value of using fingerprint sensors and to consider more online activity. Two-thirds of survey respondents see the advantages of fingerprint sensors and their associated benefits for online banking and e-commerce, and would use the technology today to authorize payments and transactions online. As well, information security concerns among respondents also increased with more online activity.

Online Banking Rated as Most Desirable Application

  • When asked to rate their most desired application, online banking was the clear winner with information security second.

  • 75% of respondents said they use online banking services and 78% of those respondents said that, if available, they would use a fingerprint sensor to make online banking transactions more convenient and secure.

  • More than one third of those who do NOT use online banking would be more inclined to do so if a fingerprint sensor was part of the experience.

Consumers Think Creatively About Biometrics Applications
The broad consumer openness to using fingerprint-enabled devices revealed in the survey mirrors the enthusiasm and creative thinking on the part of hundreds of consumers who recently participated in the international Big Ideas contest sponsored by AuthenTec. 25 winning ideas, including the Grand Prize winning idea – a lockable diary that can only be opened by its owner – were selected by a panel of technology enthusiasts.

Because of the low cost and small size of AuthenTec’s sensors, many of the contest ideas for fingerprint sensor uses are already being implemented today – from fingerprint sensor-enabled PCs to uses in cell phones, GPS navigation devices, door locks and a host of other consumer and business applications.

AuthenTec’s fingerprint sensors are based on the Company’s patented TruePrint® technology which reads below the surface of the skin to the live layer where the true fingerprint resides. The sensors bring Power of Touch® features including security, convenience, personalization and navigation to over 17 million PCs and more than 8 million cell phones worldwide.

About the Survey
The survey, conducted in December, 2007 by independent online service Zoomerang, sampled U.S. men and women between the ages of 21-55. AuthenTec sponsored the survey as part of its ongoing effort to track consumer, business and government market security trends. Complete survey results are available at http://www.authentec.com/technology-market-surveys.html.

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Consumers Worldwide Overwhelmingly Support Biometrics for Identity Verification, Says Unisys Study;
More Than Two-Thirds Also Favor Biometrics as Preferred Method to Combat Fraud and ID Theft
 

 
BLUE BELL, Pa, April 26, 2006--Nearly 70 percent of consumers worldwide support using biometrics technologies such as fingerprints or voice recognition administered by a trusted organization (e.g., a bank, healthcare provider or government organization) as a way to verify an individual's identity, according to new global research from Unisys Corporation  Click here for full story

In the first worldwide survey of its kind to study consumer security preferences, the Unisys research also found that 66 percent of consumers worldwide also favored biometrics as the ideal method to combat fraud and identity theft as compared to other methods such as smart cards and tokens. This finding shows a slight increase from separate research that Unisys conducted in September 2005, which found 61 percent of consumers worldwide favored biometrics as the preferred method to fight fraud and identity theft.

"This research is revealing since many headlines today seem to question biometric adoption because of legitimate privacy concerns," said Mark Cohn, vice president, homeland security solutions, Unisys Corporation. "System developers and owners must address those concerns so that these technologies can move toward the mainstream on a large scale with appropriate protection and sensitivity."

The Ponemon Institute, a leading independent firm that specializes in privacy and security research, conducted the survey on behalf of Unisys. Additional interesting findings on biometrics include:

* Convenience was the top reason for biometrics support with 82 percent citing the benefit of not having to remember separate passwords or other login data. More than three quarters of consumers cited improving the speed of the identity verification process as their primary reason for using biometrics.

* Consumers from North America support biometrics for identity verification more than any other region (71 percent), followed by Europe (69 percent) and Asia Pacific (68 percent). In contrast, Latin Americans were the least supportive (58 percent).

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SOMERS, NY--(MARKET WIRE)-Nov 16, 2005 - Shoppers are concerned that their personal information is at risk of being stolen when they hit the stores -- physically or virtually -- this holiday season, according to an IBM survey of consumers. As a result, these shoppers say they plan to shop differently, more conservatively and possibly even spend less. Of those American consumers who plan to shop for the holidays, almost two-thirds (61%) of respondents say they are concerned for the safety of their personal and/or credit and debit card information during the busy holiday shopping season. Nearly half (49%) of those concerned believe their personal information is in jeopardy, while another 46 percent worry about their credit card information being stolen. More than one third (39%) are concerned about having their debit card information stolen.

 
When asked what would help alleviate their fears, nearly half of all consumers (49%) said that biometric technology (a fingerprint ID system) would be helpful.  Click here for full story

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Biometrics gains British approval; 3 in 4 people now say they would welcome its use...
October 17, 2006
M2 Presswire


The UK public is now overwhelmingly in favour of wider biometrics use. Seventy-six per cent are more in favour of biometrics than they were one year ago. The striking opinion change comes after a year in which the UK has thwarted an airline terrorist plot and 15 months after the London transport bombings of July 2005.

Personal safety was identified as the biggest driver for the change: three-quarters of people believed it was important for combating terrorism. However, there is widespread public confusion about what biometrics means in practice, with the majority of people confused about the terminology. In addition, concerns about civil liberties were highlighted by almost a third of respondents.

These are the key findings of the TSSI Biometrics in Britain Study 2006, undertaken by TSSI Systems, Britain's document and identity security specialists.

Danny Chapchal, CEO of TSSI Systems said: "I was astonished by the dramatic change in public opinion. Eight in ten people changing their opinion in the last year is a huge increase and can only be attributable to the terrorist attacks. These have no doubt forced acceptance of biometrics upon the nation, but a positive campaign of education is needed to allay fears about its use."

Safety concerns Personal safety was identified as the biggest driver for the change. Three-quarters of people believed it was essential or important for combating terrorism, with only 17 per cent viewing intelligence information as more important to fight terrorism than biometrics. 79 per cent of people were in favour or more accepting about the introduction of biometrics for any travel abroad.

A strong pattern of ambivalence was evident over usage of biometrics in everyday situations, such as in the rail, tube, retail and airline networks. People's primary concern was for the safety of the individual, so that usage of biometrics in airports received a resounding seal of approval. Eight out of ten (77 per cent) approved of its use, with only nine per cent actively against and the remaining respondents undecided. Almost half approved of usage of biometrics in Britain's underground tube networks. However, usage of biometrics in banking and retail was rejected by 59 and 63 per cent respectively.

Biometrics confusion The survey also highlighted public confusion about what biometrics means in practice. For example, when respondents were asked whether they knew that they may be subjected to biometric checks when travelling abroad, the majority (58 per cent) claimed ignorance. However, nearly the same number (63 per cent) claimed they were aware of the pending introduction of new international standards that will mandate the logging face and optionally, fingerprint data (ie, biometric data) on passports.

Civil liberties Concerns about civil liberty infringements remain a pressing issue in the minds of a significant proportion of the population. Nearly a third (28 per cent) rejected the creation of a Government biometric database - even if it led to better crime detection rates. While 54 per cent were convinced of its benefits, a further 18 per cent remained undecided and could join either camp with persuasion.

"Peace of mind is the biggest factor in the change. But the trade off between security and convenience is also an influence. The catastrophic delays and stringent measures after the thwarted terror attack on UK airlines in August 2006 appear to have pushed the British public towards applications of convenience. Would they rather stand in a security queue for hours at Heathrow, or be subjected to biometric checks and get through quickly to the shops? It seems people are now overwhelmingly opting for the latter," said Chapchal.

Methodology TSSI surveyed 1000 people between the ages of 18 and 60 at mainland stations in the UK in September and October 2006. The TSSI Biometrics in Britain study 2006 management report with full details of the findings, issues raised and recommendations can be requested from the following website: http://www.tssi.co.uk/biometrics.html .  

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Global research firms Nucleus Research and KnowledgeStorm study released 10/17/06

 One in three people write down computer passwords, undermining their security, and companies should look to more advanced methods, including biometrics, to ensure their systems are safe, according to this study performed by global research firms Nucleus Research and KnowledgeStorm. The study went on to report that companies' attempts to tighten IT security by regularly changing passwords and making them more complex by adding numbers as well as letters had no impact on security. Staff still had a tendency to jot down passwords either on a piece of paper or in a text file on a PC or mobile device. 

"This is really a lot like mom and dad buying a great new security system for the house and junior leaving the combination under the door mat," David O'Connell, senior analyst at Nucleus Research, told Reuters. The study, which surveyed 325 U.S. employees, found that a single sign-on system is just as effective as more complex schemes and that user education on the importance of proper password protection did not deter employees from their lax habits.

"Passwords are high maintenance. People forget them, people lose them, they have to be reset. Resending passwords is time intensive and costly. It takes up time at a help desk," said O'Connell.  The report suggested companies look instead to biometrics, such as voice recognition devices or thumbprint scanners, .

"It's these higher order techniques that companies need to shift to in order to get away from passwords," said O'Connell

 


 

BIO-key  gives retailers, financial institutions and application providers tools to easily build a secure, convenient authentication solution!    

 
BIO-key’s implementation team can guide you through the steps to implement this extremely cost effective, secure alternative to passwords, tokens and PINs, while maintaining a smooth user experience.  

 BIO-key gives you the ability to positively identify users before granting them access to your valuable corporate resources, web portals or applications in seconds. Powered by our patented Vector Segment Technology™ our solutions help you seamlessly integrate fingerprint biometrics into your applications. Compatible with most major operating platforms and databases,  BIO-key development tools deliver a tangible return on your security platform investment that: 
            ·  Reduces risk
            ·  Improves user convenience
            ·  Lowers operating costs

Click Here to contact  your BIO-key account team or email us at sales@bio-key.com

 

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