Banking news

Fingerprint readers could prevent fraud

13 September, 2007

Yet three quarters of those surveyed would not be willing to pay for the implementation of the system, despite its perceived benefits.

Half of the 3,000 people surveyed by life assistance firm CPP, acknowledge that the measures would restrict modern life but that they are required to counter the rising threat of identify theft and the risk of terrorism.

Only one in 10 people believe biometrics is simply a way of keeping tabs on people and more than two thirds think it will help to protect against fraud and, on a more practical level, help them to not have to remember endless passwords.

Finger print and eyeball recognition is already part of life in America as all new arrivals have to be fingerprinted and in Holland iris scanning is used to fast-track frequent fliers through its security checkpoints at Schiphol Airport.

Seven out of 10 Brits think that the UK should follow suit with only a third saying that it is a gimmick that will never actually happen. But only if it doesn't come at a cost to them: three quarters of people wouldn't be willing to pay anything towards making biometric security checks a reality.

Danny Harrison, a spokesman for CPP Identity Protection, said: "People are clearly aware of the need to tackle issues such as identity fraud and terrorism in the UK, and in principle, are behind biometrics or something that will solve these modern problems. There are, however, concerns around how biometrics will work in the real world and some fundamental questions that need answering around issues of privacy, data protection, hygiene and cost.

"Nearly everyone we questioned were concerned all their personal information could be stolen if someone managed to hack into the central database.

"It is important the Government takes the public's views into consideration and addresses the scepticism that currently exists and doesn't push ahead with biometric identification regardless. If it does it could be an expensive flop."