Humaniq Upgrades Biometric Security of Cryptocurrency App

“Such security precautions are vital to an app like Humaniq. Launched toward the end of last year, the platform allows users to trade the company’s HMQ cryptocurrency…”

Humaniq has upgraded the biometric security of its eponymous cryptocurrency app.Humaniq Upgrades Biometric Security of Cryptocurrency App

Thanks to new ‘bioID’ settings, the app uses behavioral biometrics to assess patterns in user activity. If a behavioral anomaly is detected with respect to user transactions, it will trigger a step up in biometric authentication to verify the user. It’s an approach that is similar to Samsung SDS’s NexSign system, helping to ensure that the app’s security remains alert to fraud even within authenticated sessions.

Such security precautions are vital to an app like Humaniq. Launched toward the end of last year, the platform allows users to trade the company’s HMQ cryptocurrency, which of course is vulnerable to the same threats of digital theft faced by every other form of digital money.

In announcing the app’s bioID upgrade, Humaniq asserted that its app has seen over 100,000 downloads since its launch, and that it’s processing over 250,000 transactions per month. That means its security upgrade should be appreciated by a great many end users who have embraced the new blockchain-based platform.

April 24, 2018 – by Alex Perala