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Technology Stocks : Security Biometrics SBTI

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To: NAUGHTY NOTES who started this subject12/13/2000 1:21:59 PM
From: pibi   of 71
 
Yesterday the News reported how Hackers stole credit card info from companies. The doppler report on SBTI said the following on Credit card theft.

GROWING LEVELS OF CREDIT CARD FRAUD COULD ADVERSELY IMPACT THE ECONOMY

Among the technologies that SBTI ( www.sigbio.com ) is developing is Gesture Recognition Technology (GRT),
a dynamic, biometric system that interprets hand gestures and signatures using sophisticated proprietary software
algorithms on patented low-cost “touch pads.” GRT is deemed superior to all other existing pen input and
signature recognition technologies.

Biometrics offers optimal security for credit and debit card purchases because it reflects physical characteristics
that are unique to each person. Dynamic, biometric GRT security systems take into account both the shapes of
someone’s signature as well as the pressure applied and the order, timing and speed of stroke - these gestures
are inherent, automatic and impossible for a thief to copy. In contrast, traditional PIN numbers and passwords do
not provide the same level of security, as they are frequently written down or can very often be guessed.

IMO I think this technology will decrease credit card fraud.
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