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SOUTH KOREA ADDS BIOMETRIC AUTHENTICATION FOR MOBILE TRANSACTION SECURITY

Published On 08 Jul 2020 07:03 AM


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HIGHLIGHTS

  • KFTC has introduced new biometric authentication model to prevent fraud in online transaction.
  • Expressing concerns about invulnerability on online banking system and sensor hardware, KFTC said that hacking verification devices such as smartphone cameras was not impossible.
  • The new system will replace the legacy digital accredited certificate system.

Korea Fin....


Tags : Korea Financial Telecommunications and Clearings Institute, KFTC, digital forgery, online transaction, cyber fraud,
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