• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

FICO Finds Support for Biometrics Amongst British Consumers

June 18, 2020

FICO has released new data that provides yet more evidence of the public’s poor password habits. The findings specifically apply to the United Kingdom, where more than 20 percent of the population reuse the same 2-5 passwords across all of their accounts. Approximately the same number of people (18 percent) wrote their passwords down, and one in 20 only had a single password that they used for everything.

FICO Finds Support for Biometrics Amongst British Consumers

Thankfully, the data did reveal that there is some cause for hope. FICO found that people are quite willing to accept more secure forms of authentication, especially when it comes to their finances. Fifty-three percent would be willing to use an SMS one-time passcode, and a full 71 percent would be willing to provide their bank with a biometric identifier, whether it be a fingerprint (48 percent), a voice print (23 percent), or a facial image (25 percent). Seventy percent were also okay with the use of passive behavioral biometrics.

“It’s important that consumers are given the confidence that transactions can be completed swiftly without any increased risk to security by using biometrics, especially with consumer behaviors switching to digital channels as a consequence of COVID-19,” said FICO Identity Solutions Expert Sarah Rutherford. “Since face-to-face interactions are likely to be reduced for some time to come, it is crucial for consumers and financial institutions to have mutual respect for the benefits biometrics deliver. Consumers don’t generally manage their passwords well, so biometrics offers a far more secure way to verify a person’s ID.”

FICO conducted its study before the onset of COVID-19, but noted that the volume of digital transactions has gone up during the pandemic. People in older generations had slightly better password habits than younger generations, but neither deviated too sharply from the overall averages. Twenty-four percent of the respondents had abandoned an online purchase when they couldn’t remember a password, and 15 percent had decided not to open a new account with an existing provider for the exact same reason.

The trends in the FICO data are comparable to those found in several other reports in the past few months. Entrust Datacard found that 20 percent of remote workers were reusing passwords, while LastPass found that the number for consumers is as high as 66 percent. 

–

June 18, 2020 – by Eric Weiss

Related News

  • FICO Report Shows Strong Support for Biometrics in the PhilippinesFICO Report Shows Strong Support for Biometrics in the Philippines
  • AARP Survey Finds Growing Support for Biometric Authentication Among the ElderlyAARP Survey Finds Growing Support for Biometric Authentication Among the Elderly
  • FICO Report Shows Canadians are Willing to Embrace Behavioral BiometricsFICO Report Shows Canadians are Willing to Embrace Behavioral Biometrics
  • Survey Finds Strong Appetite for Digital Government Services Secured by BiometricsSurvey Finds Strong Appetite for Digital Government Services Secured by Biometrics
  • Study Finds Biometric Authentication is Less Popular at WorkStudy Finds Biometric Authentication is Less Popular at Work
  • Jumio Survey Shows Most Consumers Want Strong Identity VerificationJumio Survey Shows Most Consumers Want Strong Identity Verification

Filed Under: News Tagged With: Biometric, biometrics, consumer attitudes, consumer surveys, consumer trends, FICO, OTP security, password habits, password-based security, surveys

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Recent Posts

  • DeSantis Redefines ‘Personal Information,’ Signs Florida’s Digital Bill of Rights Into Law – Identity News Digest
  • AU10TIX Re-tools Identity Solutions Portfolio to Reach New Clients
  • Apple’s Getting Into Iris Recognition – Identity News Digest
  • HID eBook Shows How to Elevate the Passenger Journey With Biometrics
  • Tatra Bank Offers Innovatrics’ Selfie Onboarding System to Partners

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics