The ROI of Biometric Employee Time and Attendance

Manual Time and Attendance is a Risk

biometric time and attendance employee identification increases payroll efficiency

Many businesses are still on the fence about whether to adopt biometrics for employee time and attendance. This case study may change your mind.

As more businesses evaluate the use of biometrics for employee time and attendance to replace outdated workforce management solutions, many are still on the fence and remain skeptical about the actual benefits that could be realized. After all, there is a clear distinction between implementing biometrics because it has been positioned as the most effective alternative to eliminate buddy punching, lower payroll costs, and boost employee productivity and accountability and actually realizing a positive return on investment after deployment.

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The Importance of Biometric Identification in Businesses

biometric identification in business

The rising use of biometric identification technology in business indicates that the technology is playing a more important role to protect data and assets.

The following post on biometric identification in businesses was submitted by Simon Parker.

Biometrics have provided a more dynamic solution for business owners, who now have the ability to navigate various complications such as ID Swapping, undocumented access and the regular badge checking as well. Simply put, biometric systems are particular security systems that are integrated with human characteristics.

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5 Factors to Consider in Choosing the Best Biometric Modality

The success of a biometric system often depends on choosing the right biometric modality, but it isn’t easy. Careful research that includes rigorous comparisons of modality strengths and weaknesses is an important element to help select the right hardware. Factors to consider in the comparison may include: specifications, convenience, usability, acceptability, effectiveness, and budget.

biometric modalities

Choose the right biometric modality

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The Latest On Home Security and Biometrics Technology

The following is a guest post submitted to M2SYS by Philip Masterson

Studies show that it takes less than 10 minutes for intruders to complete a burglary. The FBI warns in its latest annual crime report that 73.2% of all burglary offenses in the US involved residential properties.  Technology is enabling criminals to boost their operations, even making it possible to conduct massive heists off-site. For a household, installing a home alarm system is not the end of the story. It’s imperative to do regular assessments, customizations, and upgrades to ensure the infallibility of home security.

The introduction of biometrics technology was a game-changer in the security system industry. Over the past decade, companies are boosting their product lines that incorporate biometrics into various devices. Here’s a quick rundown of biometric trends you should know.

Two-factor authentication

tfa

Photo Courtesy of Dominique Feldwick-Davis via Pexels

The strong authentication capability of biometrics is the primary reason why more businesses opt to shift to this security technology. Mary Chaney, a security specialist at GE Capital Americas, said: “If you use dynamic/behavioral biometric measure, like keystroke dynamics, you can gain advantage of two-factor authentication.” Continue reading →

Which is The Most Reliable Biometric Modality?

We recently conducted a Twitter poll: “What is considered to be the most accurate biometric modality among the following options?

We received a large number of responses from our community reflecting the following results:

  • 58% chose iris recognition
  • 32% chose fingerprint
  • Palm vein and facial recognition both got 5% of the votes

It’s interesting that people immediately gravitate towards iris recognition as the most accurate biometric than other modalities, with only fingerprint as a distant second. What is the reason behind the result?

best biometric modality

The best and most practical biometric modalities for individual identification

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5 Emerging Security Technologies To Consider For Your Organisation

The following is a guest post submitted to M2SYS by Lucjan Zaborowski

A new role of security technology advancement is to have systems address more than just privacy and information confidentiality and include reputation and customer channels.

A new role of security technology advancement is to have systems address more than just privacy and information confidentiality

Every year it’s a common statement to say that cyber attacks and threats evolve with the evolution of technology. A more alarming statement that would more clearly portray the need for sophisticated security technology is that evolving cyber threats also intrude via firewall perimeters; they overcome SIEM detection & prevention systems (both IPS and IDS platforms). Malware is continuously evolving at great speeds. If security technology systems are not continually restructured, modernized, and updated, chances are that all security efforts currently implemented will go in vain.

According to www.cio.com , a new role of security technology advancement is to have systems address more than just privacy and information confidentiality and include reputation and customer channels. So while organizations are building flexibility, the need of the hour, therefore, is to prepare for future consequences and scalability for high impact security.

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Will Biometric Technology Take Over Banking Security?

The use of biometric technology for banking security is on the rise.

The use of biometric technology in the banking sector is on the rise.

If you haven’t heard the news, more banks are adopting biometric technology for customer authentication to increase security. Banks all around the world have been searching for more advanced technologies such as biometrics for better protection against identity theft, fraud, and cyber-crime often perpetuated by stolen customer identities.

Biometrics acts as a strong authentication tool to help secure transactions and also helps to increase customer trust and improve brand reputation. Biometrics in banking has evolved so rapidly across the world that it raises the question as to whether the technology is going to entirely take over banking security. We believe it is.

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Biometric Technology – the Future of eCommerce Strategy

The following is a guest post submitted to M2SYS by Paul Simmons.

Biometric Technology in eCommerce

Biometric Technology has a particular significance in eCommerce of the future

Ecommerce has successfully penetrated into the daily routine of the common man for getting them access to reliable and cost effective products in comparison to those available in the local markets. The ease and comfort of online shopping has facilitated people to get products at home, whereas merchants have also explored these channels to endorse their products to revenue maximization.

Despite the benefits, the eCommerce industry has brought several insecurities to the table regarding the personal and confidential information of customers. The buyers are interested in placing orders online, but the fear of fraud often prevents them from doing so.

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Why We Love Biometrics (And You Should, Too!)

As biometric technology deployments continue to spread around the world, we are witnessing a historic shift change in how individuals identify themselves in a variety of settings. We are entering a digital era where the use of passwords to provide access to and security for a host of services has become intertwined in everyone’s lives. However, relying on passwords to secure our identities is increasingly becoming a security risk whereas biometrics has proven to be a more secure and convenient way of self-identification to secure our information without memorizing truckloads of numbers and characters. Biometrics also offers additional benefits such as improving workforce management, more secure online banking, more efficient and equitable government service distribution, and increasing patient safety in healthcare – all examples of why you should embrace the use of the technology to protect your individual identity.

Top 25 terms in biometrics explained

25 popular biometric terms

 

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Infographic: Applications of AFIS

The applications of Automated Fingerprint Identification Systems (AFIS) are increasingly being adopted by countries all around the globe. Biometric AFIS solutions have proven to be a much more secure and accurate tool to address the problems that traditional forms of identification present.

With a biometric AFIS system in place, government agencies such as border control, election commissions, and law enforcement can ensure accurate identification through unique biometric characteristics.

Infographic on Applications of Automated Fingerprint Identification Sytem AFIS