Boston-based Transmit Security has raised $543 million in venture funding, giving the cybersecurity company a valuation of $2.2 billion. Transmit uses biometric authentication, as opposed to passwords, for its identity and risk management systems. The company said in a press release that its products yield...
Biometrics are poised to make the leap beyond airports, and to act as a passport to any number of environments where crowds gather in the post-COVID reopening. To that end, biometric security firm CLEAR filed its S-1 with the Securities and Exchange Commission (SEC), paving...
Biometric security firm CLEAR filed its prospectus with the Security and Exchange Commission (SEC) for an initial public offering (IPO) with plans to trade on the New York Stock Exchange under the ticker YOU. Biometrics scan unique physical characteristics, such as fingerprints, that can be...
With so much of life lived on devices, those devices are where hackers are finding what they need to hijack user accounts and do the most damage. The entire process of account hijacking, or account takeover — in which bad actors steal identities by gaining...
Amazon is launching biometric technology at Whole Food stores in Seattle that gives shoppers the ability to pay with a scan of their palms, Reuters reported on Wednesday (April 21). The biometric technology is first rolling out at the Seattle Whole Foods near Amazon’s headquarters,...
Walt Disney World Resort in Florida is trialing a facial recognition admission system at its Magic Kingdom theme park, NFCW reported on Monday (March 29). “If you return to Magic Kingdom park during our limited-time test, consider entering using the same designated entry points. Re-entering through the...
Passengers can now clear customs at Dubai International Airport by peering at contact-free iris scanners linked to the country’s extensive facial recognition database, the Associated Press (AP) reported. The system allows for speedy trips through security at the futuristic airport, the AP reported, but it...
A two-year pilot program between the U.S. Postal Service and the FBI is bringing digital fingerprinting services to more than 100 post offices, according to a Federal News Network report on Monday (Nov. 2). The Postal Service is expanding its offerings to include biometrics and...
Ant Group, one of the world’s most valuable startups and pioneer of digital payments in China, may have lost a $439 million bet it made last year, The Wall Street Journal (WSJ) reported. The affiliate of the Alibaba Group and operator of Alipay, put up...