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Warning over ‘acute digital ID and security crisis’ in financial services

Montage of a log in screen and a man holding a phone
GRIP Montage: iStock

Reliance on biometric data is opening a new front in the battle for secure transaction services.

While still widely considered an essential measure for financial services to adopt, biometrics are simultaneously being identified as one of the biggest threats the sector faces.

The head of the UK’s National Cybsersecurity Center. Michael Marcotte, recently told The Fintech Times that “the rapid proliferation of deepfakes online, means