Biometrics Promising Says Report

A report issued by RNCOS has encouraging news about using biometrics in securing authenticated identities. Making transactions more secure, they state that such biometric technologies include iris scans,fingerprint scan, matching shape and size of palm, skin, voice and face patterns can be used successfully.

The recently published market research report by RNCOS namely “World Biometric Market Outlook (2005-2008)” after having conducted a thorough survey says that there is a growing worldwide interest in biometrics technology for access control or personal identification. As compared to 2003 the market is expected to bounce 6.5 times by 2008. The RNCOS Report further states “the market of biometrics the point-of-sale equipment and services are predicted to leap to $440 million or 85% by 2010,up from $31 million or 2% in 2005.”

How Retailers Watch You

“With $30 billion lost to shoplifting and employee theft last year, retailers are turning to increasingly sophisticated electronic surveillance systems to fight theft. Some systems, like RFID tags, have been well-publicized by privacy advocates. Others are less well known: video surveillance systems are being tied to software that can recognize specific types of activity and identify individuals; and data-mining software is being used to analyze everything from shoppers’ habits to irregular register activity.”

From the article: “Despite this revolution in retail tech, you won’t find many stores bragging about their new security tools. No one wants to tip off shoplifters or advertise that they suspect their customers. That’s why so much of the technology is hidden in the first place. But another reason stores don’t talk much about surveillance is that they know it sparks concerns about privacy. Consumer groups and legislators have opposed the spread of RFID and video surveillance for just that reason.”