Industry Articles

Is Mastercard bridging the gap from passwords to biometrics?

MasterCard rolled out an interesting initiative a few weeks back in South Africa. The company developed cards with an additional layer of security to counteract fraud — a biometric fingerprint sensor. By combining chip technology with your fingerprint, the company can now verify the cardholder’s identity for in-store purchases.

Update the POS with Biometrics

The hospitality sector is suffering a data breach epidemic often linked to malware infected point-of-sale (PoS) terminals. Two-thirds of data breaches are credentials-based, making a hospitality worker the single point of failure in introducing malware or enabling unauthorized access.

3 Health Care Trends That Don’t Hinge on the ACA

While the fate of the bill is in flux, there are three immutable trends in the U.S. health care system that won’t change. As a result, regardless of how the law evolves, tremendous opportunities will remain for consumers, medical providers, health care payers, and investors to shape and improve the health care system.

DeSalvo: Interoperability crucial to patient safety

Interoperability doesn't just mean ensuring easy data exchange between two EHR systems anymore, Karen DeSalvo, MD, said on Tuesday. Patients have have an essential role to play, too. The discussion...aimed to explore ways IT can still do better at enabling improvements to help prevent medical errors, which still cause the deaths of more than 200,000 Americans each year.

Global Biometrics Market Forecasts Report 2017-2025

The market intelligence firm forecasts that annual biometrics hardware and software revenue will grow from $2.4 billion in 2016 to $15.1 billion worldwide by 2025, representing a compound annual growth rate (CAGR) of 22.9%, this report anticipates that cumulative biometrics revenue will total $69.8 billion.

Survey: Consumers embrace biometric authentication

“Most people use some form of biometrics every day, but they want more opportunities to use it to make their lives easier and more secure...Banks and payment providers have a huge opportunity right now to build brand trust by giving customers the user experience they want.”

New report on healthcare biometrics released

Biometrics will continue to drive technological transformation within the global healthcare market to provide meaningful cost savings through fraud reduction and increased workplace effi ciency, while simultaneously improving and expanding care delivery to patients over the long term.

The newest faces in hospital C-suites are focusing on patient engagement

As the healthcare industry continues to move to value-based care with its emphasis on patient experience and reducing costs, some hospitals and health systems are putting stock in a new leadership role: chief experience officer (CXO). Hospitals that designate a C-suite executive expect to benefit financially from higher patient satisfaction scores and positive publicity.

$32.4 Billion Growth Opportunities in the Global Biometric System Market

The global biometric system market looks promising with opportunities in the government, commercial, healthcare, and banking sector.

Healthcare can save $24k per patient with digital transformation

The healthcare industry can save $60 billion through digital transformation, according to an Accenture report. The report, titled Digital Affectability: Therapeutic Lens on Value, details the economic potential of using digital assets for disease prevention, intervention and monitoring in the life sciences sector.

Allscripts, Cerner, Epic signal more open EHRs ahead

"We need to continue to push the entire industry forward around interoperability and really open our platform to take advantage of all the bright minds in healthcare today," Cerner President Zane Burke said at HIMSS17. "We’re working with third parties today in the standards way and collaborating on multiple levels to really get the full value of all the investment in healthcare."

Healthcare Biometrics Month 2017: Biometrics Fighting Health Fraud

In 2016 patient ID deployments were at the forefront of the healthcare news, with hospitals and clinics across the US adopting biometrics for the dual reasons of security and efficiency.

Big year ahead for biometrics

“2017 will be a tipping point as cloud-based biometrics, secure mobile credentials, and fintech innovation coalesce into consumer-centric solutions offering previously unobtainable levels of accessibility, security, and individual control over PII (Personally Identifiable Information)."

From spoofing to iris scanning — the future of biometrics

Everyone can agree that passwords are no longer adequate for protecting information online: even the most complicated passcodes can be broken relatively swiftly with a sophisticated algorithm -- or a specially targeted spoofing email. Many experts are pointing to biometrics as the next big thing -- especially for industries rife with risk, like finance, healthcare and government.

Biometric hopes hinge on “multi-modality”

As a result, banks and other implementers will have to think in terms of not just one biometric technique, or “modality,” but of “multi-modality.” That is, the ability to support multiple ways of identifying people on mobile phones and other digital devices.

The Promise and Challenges of Biometrics

Adoption of biometric technology is becoming more and more mainstream. No longer is it just the stuff of science fiction films and geeky gadgets – even companies like McDonald’s are venturing into the biometric waters. Analysts estimate that more than 50% of smartphones will have fingerprint sensors by 2019, and a recent report from ABI Research forecast that global revenues for biometric banking technology alone will top $4 billion by 2021.

Healthcare Is Ripe for Tools to Enable Value-based Collaborative Care

Without a doubt, efficient care team collaboration and patient-centered coordination are the nexus of transformative change. To accelerate this level of collaboration, innovative communication technologies are necessary to support this new era of incentivized care. But these communication technologies must be purposefully designed and extend beyond the EHR (and the hospital).

Huge Yahoo Hack Serves as Reminder to Change Your Password

Yahoo has been hacked — again. News that the struggling internet company was breached back in 2013, and the personal information of more than one billion of its users was stolen, should serve as a reminder that everyone's email and personal information is vulnerable to hacking.

Consumers increasingly banking on biometrics

Biometric technology within financial services institutions is increasingly in demand and consumers are starting to expect banks to provide these measures. In addition to adding an extra layer of security, technology like fingerprint ID or facial recognition allows consumers to access their accounts more easily.

Why fingers make handy, if not foolproof, digital keys

Biometric security seems like a natural solution to well-known problems with passwords. Far too many people choose weak and easily-guessed passwords like “123456” or “password.” Many others reuse a single password across online accounts, all of which could be hacked if the password is compromised. And of course some use no password at all when they can get away with it, as many phones allow.

Stopping healthcare fraud before it can start

Accurately and proactively identifying patients in a provider’s office before healthcare services are performed significantly reduces the likelihood of phantom billing and medical identity theft – and the overwhelming financial implications of each.