Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
5G + Biometric Facial/Hand Scanning + Digital/Cashless Transactions + Mark of Approval/Authorization = Tomorrow’s Economy (2020)
Biometric scanning used for migrant/border control, secure identity verification and approval, government benefits, domestic and international travel security, economic inclusion of everyone, buying/selling transactions and fund transfers, instantaneous speed of transaction and convenience, VAT/taxation collection, mobility, social credit score and ranking, population movement and tracking, monitoring political and religious ‘extremism’ (terrorists). ‘Mark, number or name’ for verification and approval.
Working towards the mandatory ‘Mark, Number of Name’ in order to buy or sell; Biometrics and tokenization: the dynamic duo against bank fraud
Jul 30, 2020 | Greynier Fuentes Biometric Update
This is a guest post by Greynier Fuentes, VP Digital Solutions at VeriTran.
There is an increasing trend over the last several years in technology becoming the main channel for how we interact with our surroundings. However, just as it has opened the door to easiness and comfort in our lives, it has also increased the risk of data theft and computer fraud for companies. This translates into expensive and destructive consequences that can generate loss of credibility and damage to the reputation of institutions, as well as a significant financial impact as a result of the data breach that occurs in each cybercrime.
According to Arkose Labs, online fraud in the US increased by 20% during the first quarter of 2020, in comparison to the previous year. Giving the current COVID-19 restrictions across the world, the use of digital transactions has surged significantly accounting for this increase. In line with the firm’s data, the United States emerged as the top originator of cyberattacks, with a spike of 20% in cyber fraud incidents in comparison to other well-developed countries.
Security in the digital world remains vulnerable. Password protection does not provide a high level of security in this day and age, and it is imperative that we seek new data protection methods that reduce the risks that customers experience when sharing personal information with their banks.
Although there is no mechanism that guarantees 100% reduction in the risk of cybercrime, it has been proven that the proliferation of computer security mechanisms can increase the chances of fighting these situations. For example, a combination of biometrics and tokenization is one of the solutions that continues to gain popularity in the computer security market. Such solutions give the companies an ability to offer their clients greater security and confidence in the development of their daily transactions.
A dynamic duo of bank security
Biometric systems are a set of digital technologies that use people’s physical features as a way of authentication.
Tokenization is the mechanism in which the most sensitive data and information of a card holder is replaced by a random token that will constantly change whenever the user initiates a transaction.
In the past, banks asked their customers for a password and / or card number before starting a transaction. Recently, these authentication processes have been increasingly violated. Due to this, financial institutions are facing the challenge of implementing new security resources that use technological advances to integrate innovation into their processes. Security resources such as facial, voice or fingerprint recognition systems, combined with an additional identification factor such as tokenization, are ultimately increasing the security of bank transactions.
It is unrealistic to claim that these solutions would bring an end to cyber-crimes. However, the evolution of technologies such as the ones described above, and the ability to combine them together, increases the level of trust and tranquility that banking companies can offer to their clients in an era where digital processes have taken full prominence in human life.
In His Service,
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.