Biometric Authentication in HSBC Telephone Banking Duped by BBC Reporter

contributor : May 29, 2017

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HSBC’s voice ID authentication software designed to prevent bank fraud has been duped by BBC Click reporter Dan Simmons and his non-identical twin, according to a report by BBC News. Simmons created an HSBC account and signed up to the bank’s voice ID authentication service.

The most alarming part of the story for me was the seemingly unlimited attempts that the system allowed in identifying users.  Any system authenticating users must have a predetermined number of failed (i.e. 3-5) attempts before locking the account.  Just something to think about... 

Click below to read the full article at the author's website:
http://www.biometricupdate.com/201705/bbc-reporter-and-his-twin-dupe-hsbc-voice-id-recognition-system
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The Federal Financial Institutions Examination Council's updated guidance for bank examiners, released this week, stresses that executives and boards...

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For Banks: Cybersecurity Assessment Tool - v2.7 is now available!

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I've created an excel based tool for banks and other financial institutions who want to easily create a brief, high-level report for the Board of...

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I believe fintech will be one of the major differentiators for conventional banks going into the future. But many banks are turned off by the risks...

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