Reducing Cybersecurity Fears With The Contactless Smart Card

It’s becoming difficult to find anyone who isn’t aware of their digital identity these days. Perhaps in response to a spate of high-profile data breaches in recent years, both businesses and individuals are increasingly concerned about the security of their information and how it’s used online. In fact, 83% of organizations report that they have fallen victim to more than one data breach [1], which can lead to significant financial and legal repercussions, in addition to immeasurable brand damage.

The Risk of Centralized Data Storage

One reason why so many of us are wary of sharing our details online is that we have little or no control over how they may be stored and accessed. The database files containing personal and sensitive data are usually held remotely on centralized servers, which may not be protected with the right cybersecurity protocols. This means that there is a risk that criminals could hack into servers or networks and corrupt or steal this valuable information. The repercussions can include identity theft, which will invariably have a long-lasting impact on the affected parties. The growing popularity of cloud computing solutions, including data storage, is not immune to these risks either. In fact, poorly configured cloud computing environments are a key reason for data breaches, as mistakes made here can allow cyber criminals to access the centralized servers.

A contactless payment card with biometric technology addresses many of the above issues. Rather than the user’s biometric data being held remotely on a potentially accessible server, the personal fingeprint  information is mathematically derived and remains  securely on the card itself. The 3D image of the verified user’s fingerprint is encrypted into an abstract biometric certificate that is immune  to hacking. This also means that such cards are primed to meet the demands of an evolving regulatory landscape.

Benefits of the Contactless Smart Card

It isn’t just robust cybersecurity that makes the biometric smart card stand out from the traditional payment card. Biometric payment cards provide many benefits for the customer, including convenience and speed of use. With biometric authentication integrated into the card, there is no need for a PIN or password, speeding up transactions while also supporting financial and digital  inclusion. Transactional activities become more accessible to those who may struggle to remember traditional access details. There is also no need for transaction limits when paying with this type of contactless smart card. Further security measures, such as anti-spoofing technology, ensure that only the registered user may carry out transactions with the card, offering additional peace of mind.

A Secure Approach

Protecting and retaining ownership of our digital identity is essential, and a contactless payment card with biometric authentication technology makes this possible. This is a  secure way to protect access without compromising the convenience of use.