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Daily Dashboard | Bank Biometric System Raising Security Concerns Related reading: On the pitfalls of reputation economics

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A biometrics deal between the South African Banking Risk Information Centre and the Department of Home Affairs aimed at reducing identity theft is raising some security concerns, ITWeb reports. The deal allows banks to conduct online fingerprint verification of clients and gives the banks access to the Home Affairs National Identification System to verify their identity, the report states. "The information is very sensitive, so we have to see that the proper security measures are in place," explains Frank Rizzo of KPMG, adding, "The advantages are huge. It's a very strong method for the proof of authentication. I think the initiative is great, but I'd like to see the proper security measures in place."
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