Assessing the Effectiveness of Fingerprint Authentication in Preventing Fraud During Financial Transactions

In recent years, the use of biometric authentication, especially fingerprint, has increased its popularity as a secure personal identification tool in the economic period. This article aims to explore the security and usability of fingerprint technology in the financial industry. The study includes...

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Bibliographic Details
Published in2024 IEEE 1st Karachi Section Humanitarian Technology Conference (KHI-HTC) pp. 1 - 7
Main Authors Verma, Disha, Sharma, Sonal, Awasthi, Monisha, Chandrol, Ayush, Sunil, G
Format Conference Proceeding
LanguageEnglish
Published IEEE 08.01.2024
Subjects
Accuracy Rate
Authentication
Biometric
Fingerprint recognition
Fraud
Mobile handsets
Passwords
Pins
User experience
Verification
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Summary:In recent years, the use of biometric authentication, especially fingerprint, has increased its popularity as a secure personal identification tool in the economic period. This article aims to explore the security and usability of fingerprint technology in the financial industry. The study includes a review of the available literature on the subject and a survey of 200 participants. The results show that the fingerprint recognition device is a reliable financial and security authentication method with high accuracy and low fraud risk. However, there are still some practical problems, especially regarding the elderly and people with physical disabilities.
DOI:10.1109/KHI-HTC60760.2024.10482351