Finance Derivative: The Death of the PIN
16 October 2018
By David Orme, SVP, IDEX Biometrics
Personal identification numbers (PINs) are everywhere. These numeric versions of the password have been at the heart of data security for decades, but time moves on and it is becoming evident that the PIN is no longer fit for purpose. It is too insecure and is leaving consumers exposed to fraud.
Why bin the PIN?