In times where personal data have long been no longer private and passwords no longer unbreakable, there is an increasing acceptance of and demand for biometric processes.
In accordance with a study by IBM, it is young people in particular who prefer biometric authorisation processes to classic passwords. However, it is also younger users in particular who demonstrate an especially negligent way of handling passwords, often using identical ones for different applications.
Since it will be this generation which will soon make up the majority, they can be a contributing factor to passwords becoming a thing of the past before too long. The majority of those interviewed in different age groups is also already familiar with biometric processes such as fingerprint, voice or face recognition.
Since according to the study, most users recognise the shortcomings of passwords and give top priority to security, all the more when e-banking, traditional log-in procedures will increasingly make way to more advanced methods.
Until then, the use of secure passwords offers the best protection against data theft. Where possible, you should also use transaction confirmations.
Further information on secure passwords can be found under Secure passwords.