Digital ID firm Mitek has found that selfies in mobile commerce will be increasingly relied up by millenials.The firm predicts that more than $3 billion mobile commerce transactions in 2017 will incorporate selfies and face recognition for authorization or authentication.The company has also projected that more than one billion consumer records will be breached in 2017 – finally causing many companies to abandon the password for good.In another finding that underlines the increasing importance of mobile security, the firm says remote mobile deposit capture usage is expected to grow globally, with the technology to deliver more than $1 billion in savings through reduced operational costs for financial institutions in 2017.
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