Goode Intelligence issued a new report forecasting that by 2020 more than $5.6 trillion of biometric payments will be performed. The consultancy also predicts that by 2020 over 226 billion biometrically secured payment transactions will be made.

Over the last few years, the cyber security industry has undergone a paradigm shift from focusing solely on attack prevention to taking measures to identify and mitigate threats that have already managed to infiltrate perimeter defenses. Properly segmenting a network and ensuring the efficacy of access control policies is a primary factor in keeping security events from becoming high-profile breaches.

The Internet of Things promises many thing but also poses many threats. The security industry is trying to prepare for the influx of these devices by working together to create standards that ensure a secure IoT.

VASCO Data Security announced two new DIGIPASS authenticators; DriveNow has done away with key and instead is using contactless smart cards; MorphoTrak opened its first West Virginia facility in Morgantown and plans to establish a Program Management and Engineering office at the new facility.

AVISIAN Publishing is pleased to announce the release of the interactive version of the Fall 2015 Regarding ID magazine. This issue includes coverage of NSTIC, REAL ID, biometrics at construction sites, the cyber sprint by the feds and more.

Bank of America joins other financial institutions in adding biometrics access to its mobile app. The banks also announced a series of other improvements to better meet customers’ changing needs and make it easier for users to manage their finances.

Social logins are the norm but they are not without their problems. Social media accounts are self-asserted identities and have no assurance behind them. SecureKey wants to take the idea behind social logins and add a higher level of assurance to those identities by leveraging the vetting that financial institutions have done with customers.