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Secure online transactions using a trusted digital identity


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On the use of Blockchain Technologies and Digital Identity to Safeguard and Verify the Integrity of Source Material
The article focuses on the efforts of financial institutions to comply with a new guidance issued by the U.S. Federal Financial Institutions Examination Council to adopt better ways of verifying the identity of online banking consumers. The annual compound growth rate of electronic-commerce in the U.S. is 25%. TowerGroup plans to adopt biometric tools to increase digital signatures, secured encryption keys and other security devices. Bank of America has developed a layer of authentication system called site key, similar to tools used by Yahoo!
Synonyms Anti-spoofing ; Vitality Definition In biometric systems, the goal of liveness testing is to determine if the biometric being captured is an actual measurement from the authorized, live person who is present at the time of capture. While fingerprint systems may have an excellent performance and improve security. Previous studies have shown it is not difficult to make molds of latent fingerprints left by legitimate users and to create fake fingers made from Play-Doh, gelatin, and silicone materials to fool a variety of fingerprint scanners, termed spoofing. Liveness detection reduces the risk of spoofing by requiring a liveness signature, in addition to matched biometric information. Methods can be divided into hardware and software categories. Hardware methods include measurements like pulse oximetry, electrocardiogram, or odor, while software based measurements use additional processing of the biometric information itself to isolate liveness signatures like pers ...

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