InAuth, a provider of mobile defence countermeasures, is launching a new voice biometric authentication tool which leverages the voice ‘fingerprint’ of a mobile device user to secure their financial transactions (view press release). InAuth claims that its solution is better than the traditional security methods of passwords and PINs as it identifies who is using the physical device.
“Like a fingerprint, each individual's voice is unique. Our new Voice Biometrics Authentication Module maps specific voice characteristics such as pitch and rhythm to accurately verify identity and convey confidence to financial institutions in the validity of their mobile user base,” said Mike Patterson, CEO, InAuth. “Mobile applications are the most vulnerable access point for fraud and advanced cyber threats, as most financial institutions’ mobile security is far behind that of their solutions and strategies for preventing and mitigating PC-based attacks.”