The Nationwide Multi-State Licensing System & Registry, a federal record system for licensing and registration of financial services in the United States, has made biometric logins mandatory for instruction providers.NMLS says the fraud has impacted on its online continuing education (CE) courses and usually involves the sharing of the course user ID and password for login access.NMLS, in trying to find a solution to the problem, identified three alternatives; remote proctoring, knowledge-based authentication, and biometrics, reports Mortgage News Daily. It issued a request for proposals in 2016, identified three vendors and conducted a pilot study with each. The contract was ultimately awarded to BioSig-ID.BioSig-ID says the types of login identification used in most situations, an ID and a password using various letter, number, and symbol combinations is easily compromised (or as is apparently happening with NMLS, shared.) It does, however, have the advantage of being easily changed once the compromise is discovered.The solution Bio-Sig is providing to NMLS is multi-factor identification. The end user still has a password, but rather than a complicated and forgettable code, it is a single self-selected set of letters which are drawn with a mouse, stylus, or finger. Every user has a distinctive way of moving the chosen instrument, and the software looks for identifiers such as the length, speed, direction, angle, and height of each stroke. At log-in the system can almost instantly, after the individual draws only three or four characters, match and verify the password being entered against the one in its records.

Also in the news:

Default ThumbnailCredence ID extends mobile device management suite Default ThumbnailBME and Nuance partner on voice signatures Default ThumbnailStandard Chartered rolls out fingerprint banking in India