Appsinvo - Top Trends of Fintech We Will See in 2021

Wearable devices have become increasingly popular in the recent years mainly due to their consumer-focused offerings and a wide range of device connectivity.

These may open the scope for possible security vulnerabilities, such as data exfiltration, proximity based vulnerabilities, account harvesting intercepting data while using a Pairing App or Bluetooth to connect with other IoT gear, point-to-point networking, new Wi-Fi networks and others.

Often, it could lead to remote code execution, poodle attack, covert account takeover, obtaining an IMEI, location spoofing and others.Most of the wearable devices that are being used today can prevent unauthorized access with device encryption; however, some of them have been found to be vulnerable to security threats while transferring data to cloud or paired with a personal device.

Hence, security solutions developers are devising a two-factor authentication, and password-free web security to eliminate the security vulnerability, by implementing blockchain based security solutions to improve the level of device safety.

The value chain players, such as device integrators, mobile app makers, enterprises, wearable device OEMs, and security companies are likely to enter into collaborative partnerships to bring advanced device security intelligence strategies for both consumers and enterprises.Request for Report Sample: https://www.trendsmarketresearch.com/report/sample/9903According to Infoholic Research, the “Wearable Devices Cybersecurity Market” market is expected to become a $702.6 million market, by growing at a CAGR of 16.4% during the forecast period 2017–2023.Market analysis:Wearable devices are segmented into Smartwatch, Head-mounted display, Body-worn camera and Others.

The devices that are needed for cybersecurity accounts for less than 10% of the total wearables that are in use today.

According to the new market research report by IndustryARC titled “Behavioral Biometrics Market: By Type (Active, Passive); By Level of Authentication; By Deployment Mode; By Application (Fraud Detection and Prevention, Continuous Authentication, Others); By End User (Banking, Enterprise, Government and Law Enforcement, Others) & Geography – Forecast(2018 - 2023),” the market will be driven by increasing sale of smartphones with built-in finger print sensors.To access the full report, click the link below:https://industryarc.com/Report/9596/behavioral-biometrics-market-research-report.htmlBiometric authentication has become a unique technology used to prove an individual’s identity.

Asian countries have started adopting the biometric technology in screening security systems at all the border checkpoints, through facial detection systems.

Increasing adoption in e-commerce, tablets, mobile phones, and cloud computingare expected to generate a high demand in the biometric technology.Key Players of the BehavioralBiometric Market:Prominent players in market include Biometric Signature ID, BehavioSec, HYPR Corp., AnchorID, B-Secure and Laforge Optical.

BehavioSec develops non-invasive biometric authentication methods, its ability is to prevent fraudulent activity.

The team is working on enabling defensive systems to recover from a security breach in real-time situation.Related Reports:A.

Behavioral Biometrics Market – By Level of Authentication1.

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