Bitcoin Can Buy You a Biometric Data Skimmer on the Darknet
It is now easy to buy biometric data skimmers from the darknet marketplaces with Bitcoin. Passwords are old school. Biometrics is the new-age security solution that is being implemented rapidly across organizations and devices. Almost all the latest smartphone models come with a built-in fingerprint sensor these days. Biometric data is considered to be the most secure form of authentication as it belongs to an individual and can’t be changed. The very advantage of biometrics can soon turn into a security nightmare. An investigation conducted by Kaspersky Labs has unearthed increasing....
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Bitcoin wallets are already known to be very secure, as most feature a multisig verification and provide both public and private keys for users. However, recent hacking incidents and online theft could lead some companies to consider biometric authentication. Just recently, HYPR Corp. announced the availability of its biometric authentication SDK which could be used for third-party integration. This means that bitcoin wallets could be able to add yet another layer of security to their services. Bitcoin Wallets Authentication. The HYPR SDK enables enterprises to seamlessly implement....
HYPR Corp., a New York, N.Y.-based firm which decentralizes the storage of biometric data to enable secure passwordless authentication across mobile, desktop and IoT systems, has partnered with Palo Alto, Calif.-based BitGo, Inc. to extend biometric authentication to the blockchain space to secure cryptocurrency, digital assets, private keys and identities. The alliance links biometric security with the blockchain. BitGo secures more than $1 billion per month in digital assets with over 10,000 transactions on any given day. The company recently announced a new feature – BitGo Instant,....
HYPR, an encryption-specific solution to enable secure biometric login authentication, announced on Tuesday that it has secured $3 million USD in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures. This announcement, coupled with an ever-increasing roster of multi-national customers in the banking industry and beyond, underscores the fact that biometric authentication is a key realm for advancement in login security, person-ability, and user control in securing biometric data. Speaking to the excitement of the partnership, Ed Sim, managing partner and founder at Boldstart....
Bitcoin users should take note of this new development as well. Although Bitcoin offers all users pseudonymity, these tools can also be used to link wallet addresses to user profiles. Although the darknet is often touted as the place to be for criminals who want to keep their identity private, there are some caveats. New research goes to show hackers tend to resort to specific patterns in communication on the deep web. Looking closer at these models may lead to detecting illicit behavior at an early stage, and potentially even identifying individual users. Darknet Data Analysis Is Quite....
HYPR Corp. Device-agnostic Platform has been developing a military class Biometric Authentication system for corporations, government institutions, and other Enterprises. Today, security has become of an extreme importance for any company. While passwords have proven to be a fragile protection for securing critical systems, a new breed of biometric....