Biometric security solutions and AI-powered fraud prevention technologies have, for several years now, been transforming the ways in which organizations protect their business, their customers, and their employees. In fact, some industry estimates reveal that AI and biometrics have combined to prevent billions of dollars in losses from fraud—already.
As we look ahead to 2021 and beyond, we know we already have the resources, solutions, and systems we need to help solve for an array of security challenges, both known and unknown. What we do need, however, is more widespread adoption of these resources that can help prevent account takeovers, scams, and other fraudulent activities; augment security protocols (both physical security and cybersecurity), and smooth the transition to a more secure digital future.