Financial services firms have been highly aggressive in their pursuits of advanced banking and transaction technology in the past several years, and as data tends to be sensitive in this sector, access controls have been a focal point of priorities.
The retail sector has been among the worst performers in the access control arena for the past several months, as several national and international organizations have fallen victim to significant instances of data breach.
The health care sector has been a hotbed for technological innovation in recent years, as more providers have adopted novel tools such as cloud computing, electronic medical records and mobile devices to improve patient care and drive efficiency.
Banks continue to become more technology-dependent, and have commonly launched a variety of new strategies that work to capitalize on consumer interest for mobile applications.
Mobile payments, the rise of digital currency and several other trends in financial management have combined to create a relatively tumultuous security landscape for a variety of organizations and many consumers.
In the past several months, retailers and banks have been in the headlines for major instances of data exposure and theft stemming from breach.
More organizations from North America and abroad are beginning to understand the importance of modernizing their access controls through the use of advanced multi-factor authentication.
To deal with the rising tide of cyberbreaches, password theft and other acts of online fraud, many organizations are instituting more stringent authentication methods to keep unwanted parties out of user accounts.
No matter how problematic or even dangerous unauthorized access may be to an account, many users will still opt for the most simple security possible to enable them to perform their job functions or enjoy their personal lives.
Smartphones are a transformative technology, having changed the way people communicate, purchase items, interact with their banks and otherwise engaging with the world at large.