With fraud and theft at companies increasingly stemming from companies’ own employees and their ability to exploit password-based systems, biometric companies are pushing for the use of biometric security to curb the crimes, according to an Engineering News article. This has especially been an issue in South Africa where rates of economic crime coming from inside the company are as high as 62%.
The main argument is that for someone to gain access to restricted data from a company the thief would have to be authenticated making it easy to trace the crime.
In response to its own high rates of insider corporate theft, South Africa has been a growing marketplace for commercial biometric security solutions with more than 50,000 fingerprint scanners deployed to the country for corporate users in the past five years.
Read the full story here.