(ISO: Geneva) -- The International Organization for Standardization recently published a standard to increase the security of financial transactions over electronic media. ISO 19092:2008—“Financial services—Biometrics—Security framework,” establishes security requirements for implementing and managing biometric identification technology in the financial industry.

The development of computer-based technologies has brought about a revolution resulting in a proliferation of electronic transactions. This has produced a phenomenal reduction in costs and improved efficiency within the financial industry. Trillions of dollars in funds and securities are transferred daily through electronic communication.

Biometrics is increasingly considered a reliable means of identification. It includes technologies such as finger imaging, voice identification, eye scanning, and facial imaging. Its advantage and appeal lie in its convenience, ease of use, level of apparent security, performance, and noninvasiveness.

ISO 19092 describes the security framework for using biometrics to authenticate individuals in financial services.

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