Phone Pass invents a new technology to solve digital identity fraud problem – Silicon Biometrics
Nov 14, 2020
Phone Pass has invented a new technology to solve the digital identity fraud problem. World is losing $550B annually in spite of spending $150B annually. It leverages hardware characteristics of devices to get one in a trillion device accuracy.
Canberra, Australia - November 14, 2020 /MarketersMedia/ —
The online and digital fraud 'industry' costs the global business USD 550 Billion annually in both direct and indirect costs in spite of spending >USD 150 Billion annually to solve it.
In the same way that human biometrics can be used to authenticate humans, Phone Pass uses the unique remnants of the device manufacturing process to build trust between machines, we call Silicon Biometrics. Silicon Biometric is at least 10 Million times more accurate than Iris Scan - one of the better known human biometrics. As all digital communication is front ended by devices even when humans are interacting, accurate identification of devices can ensure enhanced trust in all digital communication. Phone Pass' Silicon Biometrics upends this paradigm with a solution that is both CHEAP and SECURE. Can be used in following other than 2FA (a) Use mobile phone to operate automotive, (b) Remote mobile phone hijacking and SIM swapping attack prevention, (c) Automated water dispensing (utility) integrity can be ensured, (d) Securing a solution that uses blockchain to service utilities industries, and (e) Identifying devices that were used in fraudulent transactions, among others.
Phone Pass' Silicon Biometrics technology is patent pending. Phone Pass has completed international phase of patenting without hitting any prior art. Phone Pass has now applied for patent in >40 different countries. Silicon Biometrics can get to an accuracy of one-in-a-trillion that is currently unheard of in authentication accuracy.
Please contact us if you would like to pilot Phone Pass' Silicon Biometrics technology in your scenario.
Contact Info:
Name: Shantanu Bhattacharya
Email: Send Email
Organization: Phone Pass Pty Ltd (Australia)
Address: 10 Allcot Place, Conder, ACT 2906 Australia
Phone: 0061411865270
Website: https://www.phone-pass.com
Video URL: https://youtu.be/Fh-rKInGNxU
Source: MarketersMedia
Release ID: 88985701
More News
5 Challenges David Ellison Faces as He Snags His Hollywood Prize
The tech scion has given his combination of Warner Bros. Discovery and Paramount a new name: Skydance. Now he must make tough decisions about news, movies, streaming, sports and debt.
5 Challenges David Ellison Faces as Warner Bros. Discovery and Paramount Merge
The tech scion has given his combination of Warner Bros. Discovery and Paramount a new name: Skydance. Now he must make tough decisions about news, movies, streaming, sports and debt.
Supreme Court to Hear Major Environmental Lawsuit
The justices will begin their new term with a landmark case about whether local governments can sue oil companies over damages caused by climate change.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
US Solar Panel Makers Try to Catch China With a Big Leap in Technology
Manufacturers say they are close to perfecting a new, more efficient solar panel that could help the United States reclaim ground it lost.
To Make More Money, Rolls-Royce Is Aiming Higher on Price, Not Production
The luxury carmaker is expanding its factory in Britain to focus on rarefied custom cars. First up is a $3.5 million-plus electric roadster.
How India became dangerously addicted to Chinese imports
India’s toy shops provide an unlikely barometer by which to measure its economic relationship with China.
The job interview question you don't have to answer
Experts explain what you should do if you are asked for your current salary during a job interview.
P.&G.’s Chief on Whether Brand Loyalty Is Enough When Prices Keep Climbing
Procter & Gamble’s new boss, Shailesh Jejurikar, talks about how the company is thinking about higher costs, what gets passed on to consumers and how A.I. helps it compete.
Inside Binance Founder Changpeng Zhao’s Life After Prison
Changpeng Zhao, jailed in the United States for a financial crime and pardoned by President Trump, is now living a gilded life in the United Arab Emirates.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.