You may have read the news that the BBC have successfully caused HSBC’s Voice ID system, provided by another voice biometric vendor, to falsely accept the non-identical twin of an enrolled user. This occurred after the ninth attempt that the twin took to access the user’s bank account. Thus, causing the issue to be that of failing to follow best practices rather than a failing biometric element. Since all biometrics are statistical in nature, measures must be taken to ensure that the likelihood of a false accept is as low as possible. Current best practices can include account or device lock-out after multiple failures, which would have prevented the BBC’s false accept.
To further help financial organizations protect and prevent against this recent type of breach, VoiceVault is excited to share with you the upcoming release of VoiceVault Fusion 9. Version 9 of our core, proprietary, engine includes additional controls, new biometric modes, seamless integration with other authentication factors, and detailed reporting with location services. Official announcement and details forthcoming in the very near future.
In addition to staying on the forefront of voice biometric technology, we pride ourselves in working collaboratively with our clients and partners to suit each individual use case. With over 10 years of experience in the market, our team is more than happy to talk through the end-to-end statistics and recommend an array of additional methods of best practice, including the implementation of multifactor authentication.
As mentioned by a spokesperson from HSBC, since launching last year, HSBC’s Voice ID system has been successful in reducing fraud. Therefore, voice biometrics are still more secure than historic knowledge-based-authentication systems, such as passwords and PINs.