Innefu Labs, a research and development security group and the developer of AuthShield, has launched the latest authentication security form factor with facial and speech recognition.
Innefu Labs has used the novel technology to securely authenticate customer's identity while carrying out mobile and online payments, retail and point of sale transactions, ATM transfers as well as public distribution systems.
"Mobile payments are expected to grow from 12.8 billion dollars in 2012 to 90 billion dollars in 2017. No wonder then that the cyber-attacks targeting the mobile payments are becoming more innovative and difficult to detect," the co-founder of Innefu Labs, Tarun Wig, said.
Wig said that 62 percent of the users are afraid of using mobile payments for the security of financial transactions.
"With AuthShield Zero cost biometrics, users will be able to authenticate themselves and pay for online transactions with facial or speech identification technology ensuring that their transactions are safe and secure," he added.
Innefu's AuthShield Multifactor authentication solution authenticates the user based on devices registered to the user as well as easy to use no cost biometrics mechanism such as image and speech based authentication mechanism.
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To login a user just has to click a selfie from his handset or speak a phrase. The selfie is matched using a unique 3-D modeling pattern with user's features. In case of voice recognition, the user's speech pattern is matched against the phrase. The authentication is done within the device itself ensuring that the entire authentication process can be carried out offline.
The biggest advantage of the technology is that it cannot be spoofed as the system uses a unique gesture recognition technology and text independent speaker recognition.
"AuthShield facial and voice authentication combines with a unique risk transaction algorithm to match the degree of security to user's location and movement patterns. Current authentication methods of entering user name, password and then waiting for a SMS OTP just end up hampering user's functionality. With AuthShield's Facial and Voice recognition, the authentication of the user takes place with a click of a button," the co-founder of Innefu Labs, Abhishek Sharma, said.
"More importantly, since we work at a protocol layer rather than application it ensures that no changes need to be made to the application," he added.