Biometric authentication is a significant advancement in enhancing security in the digital age and an innovation that improves user experience.
In today's digital world, information security has become one of the top priorities. With the continuous development of technology, protecting personal data and online accounts is becoming increasingly challenging. Advanced authentication methods have been developed to meet this need, and among them, biometric authentication has quickly become one of the leading technologies due to its reliability and security.
1. What is Biometric Authentication?
Biometrics is a field of study and technology application related to verifying and identifying individuals based on their unique biological characteristics. The most common types include:
- Fingerprint Biometrics are the most popular type of biometrics. Each person's finger is unique and does not change over time. Fingerprint biometrics are widely used in Vietnam for citizen management (ID cards, passports, criminal investigations, etc.) and mobile devices.
- Facial Recognition Biometrics: Facial biometrics use features such as the shape, size, and distance between facial features to identify individuals. In the past, this was an expensive form of authentication. However, with the rapid development of intelligent mobile devices, facial recognition has become popular among Vietnamese users.
- Voice Biometrics: Each person's voice is unique. Voice biometrics use characteristics like frequency, volume, and resonance to identify individuals.
- Iris Biometrics: Iris biometrics uses features such as the shape, color, and size of the iris to identify individuals.
- Behavioral Biometrics includes identifying individuals based on their signature, handwriting, or walking pattern.
Biometric authentication often replaces or supplements traditional authentication methods such as passwords and PINs. Due to the uniqueness of human biological traits, biometric authentication has become a powerful tool for protecting information, especially in the financial, banking, and securities sectors.
2. Why is Biometric Authentication the Diamond Key to Secure Transactions?
Firstly, let's discuss the advantages of biometric authentication:
- High Accuracy: Because it uses unique and non-replicable biological information from each individual, biometric authentication systems can identify users with near-absolute accuracy. This helps minimize the risk of intrusion or identity fraud, especially in systems requiring high security.
- Convenience and Speed: Users need not remember or enter passwords but use biological information like fingerprints or facial features on their mobile devices. This not only saves time but also enhances the user experience.
Biometric authentication addresses convenience and security, making it the most robust authentication method currently available. Amid numerous incidents where increasingly sophisticated and complex technologies have defrauded individuals, the State Bank of Vietnam issued regulation 2345/QĐ-NHNN from 01/07/2024. This regulation mandates biometric authentication via facial recognition or fingerprint for online account transfers or electronic wallet deposits of over 10 million VND (Source: Communist Party of Vietnam Online Newspaper). This demonstrates that biometric authentication is a strong, reliable, and superior method that regulatory authorities recommend for essential transactions.
3. Biometric Authentication with the SmartOne
Application Recognizing the superior advantages of biometric authentication, VPS has integrated fingerprint and facial recognition authentication into the SmartOne application to provide the optimal experience for customers, including:
- Biometric authentication during the app login process.
- Biometric Authentication to Protect Smart OTP: To prevent abnormal activities and unauthorized account use, VPS has implemented an additional layer of protection. When customers retrieve the Smart OTP code, the fingerprint or facial recognition process will occur automatically without adding any steps that affect the customer experience.
To ensure account safety in the face of numerous current asset fraud cases, VPS recommends that customers use fingerprint or facial recognition authentication for both of the above processes.
Biometric authentication is a significant advancement in enhancing security in the digital age and an innovation that improves user experience. This is one of the core criteria VPS aims to offer customers in every transaction.
Download and access VPS SmartOne – the leading stock investment application in Vietnam, for effective and successful investment experiences: https://bit.ly/VPSSmartOne.
