The Inevitable Rise of Biometrics by 2024
Two-Factor Authentication and Biometric Payment Systems
Have you noticed an increase in two-factor authentication prompts? Or perhaps you've been receiving verification codes via email that take an eternity to arrive, prompting you to request another? Maybe you've been asked to complete captchas to verify your humanity, which seem to be getting more complex or not functioning at all. Ever wondered why?
Well, we're currently experiencing a "breakthrough year" for biometric payment systems. As reported by CNBC, both JPMorgan and Mastercard are embracing this technology and planning a widespread rollout in the near future, following successful trials. In March, JPMorgan partnered with PopID to launch a broad release of biometric payment systems by 2025.
Biometrics: Replacing Passwords with Persons
A spokesperson for Mastercard stated that their focus on biometrics as a secure method of identity verification, essentially replacing passwords with individuals, is at the heart of their efforts in this area. Apple Pay already offers payment via face scan, and Amazon has introduced pay-by-palm in many of their physical stores. VISA demonstrated their latest palm biometric payment setup at an event in Singapore earlier this year.
PayPal is also promoting its own biometric payment systems to prevent fraud. Chinese companies, such as AliPay, have been pioneers in this field, offering biometric payment options since 2015. Moscow's Metro system has been using facial recognition cameras for biometric payments for over a year now.
Biometrics: Beyond Payments
But it's not just about payments. The concept of "replacing the password with the person" has already expanded to other areas. National governments are collecting biometrics to curb illegal immigration, a trend that is expected to spread. The European Union plans to implement a new Biometric Entry-Exit System (EES) by October this year.
Biometric signing is also gaining popularity. Laptops, tablets, and smartphones now come equipped with face-reading and fingerprint scanning technology for identity verification. Social media companies have been collecting biometric data for security and identification purposes for years. Google Play introduced a new biometric accessibility feature just a few weeks ago.
Convenience: The Gateway to Biometrics
All of this is incredibly convenient, isn't it? It's much quicker than emailing security codes or solving increasingly complex captchas. That's how they reel you in: through convenience. The "old-fashioned" ways of accessing your accounts won't be eliminated, but they will become increasingly slow and difficult to use, while biometrics become faster and easier.
The Propaganda Machine and Biometrics
Meanwhile, the propaganda machine will start churning. Influencers will be paid to use "cool," "futuristic" biometric payment options that "feel like having superpowers" in contrived viral videos. Biometrics will be portrayed as the hero in trendy movies or TV shows. There might even be a major hack or cyber-attack that only affects those who haven't switched to biometric authentication yet.
As all of this unfolds, multinational corporate giants will be amassing a vast database of voice recordings, finger and palm prints, and facial and retinal scans. It's fortunate that we're governed by a morally upright elite. Imagine the potential damage if this weren't the case.
Final Thoughts
The rise of biometrics is inevitable, and it seems that by 2024, it will be an integral part of our daily lives. While the convenience it offers is undeniable, it's essential to consider the potential implications for our privacy and security. What are your thoughts on this matter? Do you welcome the convenience of biometrics or worry about the potential risks? Share this article with your friends and join the conversation. Don't forget to sign up for the Daily Briefing, which is delivered every day at 6pm.