21 April 2004

DigitalPersona: Solutions | Finance

DigitalPersona: Solutions | Finance:

Security and privacy are one of the foundations of the banking industry. The Gramm-Leach-Bliley Act (also known as the Financial Services Modernization Act of 1999) requires financial institutions to protect data from unanticipated threats and unauthorized access.
In fact, according to the Bank Technology News Survey 2000, 84% of bank fraud is committed by in-house staff. And, the CSI/FBI Computer Crime Survey 2000 found that 71% of all unauthorized corporate break-ins are by corporate insiders.

Protecting customers' confidential information and ensuring secure transactions between a bank and its customers and from one bank to another is crucial to a bank's compliance with regulatory policy and its own operations. To protect interbank transactions, many banks use password systems in which passwords are required to change continuously. Because this requires many users to write down their passwords, the potential for security breaches are great and could involve millions of dollars. According to the Computer Emergency Response Team (CERT), 80% of the security breaches they investigate are password-related. Ensuring secure transactions is crucial to the financial viability and operation of a bank. Financial institutions today must also increase auditability of user access to all information systems.

DigitalPersona enables them to do all of this.

Benefits of DigitalPersona U.are.U Pro to the Finance Industry

DigitalPersona U.are.U Pro enables financial organizations to secure their data and safeguard their electronic processing systems, online banking processes and customer information with a convenient fingerprint authentication system.
Following a simply process to register fingerprints with U.are.U Pro, banks can ensure that customer information is safe and that only authorized customers or personnel have access to sensitive information and can conduct secure transactions.

* Increases security as mandated by federal legislation
* Productivity increases since continuously changing passwords do not have to be remembered
* Minimizes risk of security breach and financial liability by ensuring transactions are protected"

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