Biometrics and Trusted Identity
Airports to Spend $2.2 Billion Globally to Deploy 18,000 Automated Border Control (ABC) eGates and Kiosks Between 2014 and 2018.The total number of airport eGates with integrated biometrics that replace border agents at passport control desks will nearly triple from the current installed base of 1,117 to 3,238 by 2018. An additional 14,942 specialized ABC kiosks and boarding eGates that rely on biometrics to expedite immigration processing will also be deployed over the forecast period.. .
Global Market for Automated Border Control (ABC) eGates and Kiosks Exceeds $1.2 Billion Annually by 2020. Europe will dominate the global market for ABC eGates and Kiosks with 47% revenue share as the global market grows at 20% CAGR between 2014 and 2020. .
Global Biometrics, Mobility, and Identity Industry Leaders Convene as Mobile Transactions Surge Towards $1 Trillion in Annual ValueBiometrics UnPlugged: Mobility Rules, a first-of-its-kind Executive Forum organized by Acuity Market Intelligence and findBIOMETRICS, gathers experts from around the globe for a highly interactive forum on biometrics as a strategic enabler of the mobile revolution and cloud-based identity.
Global Market for National eID Programs to Reach $11 Billion Annually by 2013 Europe has the Highest National eID Country Adoption Rate, While Asia Dominates the National eID Market in Volume and Revenue Share
Asia Pacific to Issue Nearly 55 Million EPassports Annually by 2014 Twenty-Six Asia Pacific Nations will Issue EPassports by 2014 Accounting for 84% of the Region's Total Passport Issuance and 42% of EPassports Issued Globally
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Incidents of identity theft have grown exponentially over the past few years and have recently become a mainstay of US media attention. Each week breaking headlines reveal new and seemingly more complex and frightening schemes to appropriate and exploit the identities of unsuspecting individuals. From credit reports, to healthcare records, from insurance files to details of financial transactions, our identities are widely scattered in both digital and paper files. As our reliance on interconnected networks has grown with the rapid mainstreaming of the Internet, the problem of identity theft has been exacerbated. The stakes are higher than ever and the game more compelling for perpetrators of fraud.
Instead of grabbing a gun and heading down to the corner convenience store, would be thieves sit in the comfort of their homes and surf their way to mayhem. With a few key bits of information -- a social security number, billing addressee, mother’s maiden name-- identity thieves easily appropriate identities and instantly open credit card accounts, make purchases and apply for loans. And unlike other crimes, the victims typically do not know they have been victimized for more than 12 months.
Statistics on the actual number of incidents and associated costs vary. There were at least 380,000 and perhaps as many as one million incidents of identity theft in the US in 2002 where monetary loss estimates range from $2.5 to $8 billion. These are direct monetary losses only and do not reflect the added costs of managing the fall-out to consumers and businesses, let alone the associated law enforcement costs. The Initial focus on combating identity theft has been on addressing consumer complaints, however, broader economic implications and national security concerns are far more insidious and the consequences potentially dire. Consider 9/11 the highest level of disaster possible when identity theft goes unchecked. Hijackers easily obtained the base form of ID in the US; driver's licenses.
Why should biometrics vendors care? Successful biometrics market development requires identifying and solving high point-of-pain problems. In this regard, identity theft is a ringer. This is a point of pain that directly ties consumer fear and healthy, sustainable economic development to homeland secuirty.
The problem of identify theft is enormous and biometric identification in and of itself cannot prevent the theft or fraudulent used of thieved identities. However, it is highly unlikely that individuals will want to leave biometrics markers behind as they engage in criminal activity. Biometrics identification along with strong legislative and regulatory rules requiring protection of the issuance and use of breeder identifiers and documents (government benefits numbers and IDs, passports, driver's licenses, birth certificates, etc. ) can certainly curtail what has become an epidemic like spread of identity related crimes.
As with all biometrics opportunities, focus on providing solutions for specific aspects of the identity theft problem within closely aligned target markets will be the key to success.
C. Maxine Most, 2003