10 reasons why Iris Biometric Authentication should replace standard passwords

Iris biometric authentication in current research has shown to be a viable and more secure alternative to passwords. As more industries move towards online business, more customers are forced to remember passwords and pin codes, putting themselves at extensive risk for identity fraud and hacking.

Here are 10 reasons why iris biometric authentication should be taken into place:

10. Your passwords are useless
Deloitte predicts that 90% of user generated passwords in 2013 will be prone to hacking, even 8 character passwords with a mix of numbers, letters and symbols.

9. Passwords are hard to remember, especially “strong” ones
Experian, a credit-checking firm, found that the average person has 26 different password protected accounts and only uses five passwords for all of them.

8. Be one of a kind
Identity theft is a crime that victimized over 8 million Americans in 2011.

7. Reliable and robust
Among the present biometric traits, iris is found to be the most reliable and accurate due to the rich texture of iris patterns, persistence of features through the life time of an individual and it is neither duplicable nor imitable. These characteristics make it more attractive for used as a biometric feature to identify individuals.

6. Even your bank can be compromised
Combining both ATM and credit card skimming, the US Secret Service estimates the annual cost to consumers and businesses is $8 billion.

5. Nearly impossible to replicate
Iris Biometric authentication verify a person’s iris template with an embedded iris scanner. Although a person’s irises are as unique as their fingerprint, irises cannot be replicated with contact lenses.

4. Even your keyboard is prone to hacking
In 2008, 76% of the confidential information threats used a keystroke-logging component to steal personal information from computers.

3. You are losing money!
Through 2016, the financial impact of cybercrime will grow 10 percent per year due to continuing discovery of new vulnerabilities.

2. A safer online future
The growth of Internet and mobile commerce will be overall more reliable and protected from the future of new hacker technology.

1. Never remember another password!
Iris biometric authentication means you will never have to remember any more passwords (not that you ever did).

Would you feel like your bank account/online identity is more secure with iris biometric authentication than a standard password or PIN? Tell us what you think about the potential shift to iris biometric authentication methods in the comments section below.