Biometrics firm TOC has released a new system that allows users to confirm or authorise with their fingerprint and smartphone for tasks such as logins and financial transactions.In a statement, TOC said the system is revolutionary since it is the only one in the world that is based on the “trusted third party” security protocol patented by TOC, in which a third, autonomous, independent and reliable party corroborates the received information.The system safeguards the user's personal data by not using databases or any information related to the transaction.”TOC aims to create a paradigm shift in how to authenticate by changing the traditional models to make them more efficient and safe. An average person handles 18 passwords, inevitably leading to security breaches. Today, systems that allow greater autonomy, security and speed are required, and the solution is –literally-just a finger. The TOC system checks anyone's ID with its corresponding fingerprint to perform operations such as bank transfers in a 100% safe and efficient way. The system technology does not use databases and operates with a trusted third party making it safe and private for users”, said Ricardo Navarro, TOC's CEO & leader of TOC Labs.
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