NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Bitcoin Can Buy You a Biometric Data Skimmer on the Darknet

Gautham
Gautham
Last Updated: October 7, 2020 11:30 am
2 mins read
darknet, biometric data, fingerprint

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Passwords are old school. Biometrics is the new-age security solution that is being implemented rapidly across organizations and devices. Almost all the latest smartphone models come with a built-in fingerprint sensor these days. Biometric data is considered to be the most secure form of authentication as it belongs to an individual and can’t be changed. The very advantage of biometrics can soon turn into a security nightmare.

An investigation conducted by Kaspersky Labs has unearthed increasing availability of biometrics skimming devices on the darknet. These devices, capable of skimming victim’s fingerprints can be easily bought from at least twelve sellers against Bitcoin payments.  In a statement, a security expert from Kaspersky Labs Olga Kochetova says,

“The problem with biometrics is that, unlike passwords or PIN codes which can be easily modified in the event of compromise, it is impossible to change your fingerprint or iris image. Thus if your data is compromised once, it won’t be safe to use that authentication method again.”

According to Olga, the easiest way for someone to gain access to biometric data is by accessing modern passports and visas. These documents have biometric data of the holder embedded in them and anyone with access to these documents can easily steal the information.  While most of the biometric data skimming devices available on the darknet are for stealing fingerprints, especially from ATMs, there are few who are allegedly working on devices that can illegally capture data associated with palm vein and iris as well.

Another recent survey conducted by Deloitte shows that over 20% of smartphone users in the United Kingdom have switched to fingerprint authentication on their phones. The shift is said to be driven by privacy concerns as some believe that passwords and PINs can be compromised easily. But the latest trend on the darknet may soon end up neutralizing the advantage of fingerprint authentication over passwords and PINs.

The only way to safeguard one’s biometric data is to check for skimmers at ATMs and other public places that require biometric authentication before using them. Also, by keeping the passports and visas safe.

Ref: FSTech |Info-Security Magazine | Deloitte |Image: Myce

 

Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Strategy Raises $2B As Bitcoin Holdings Stay Flat For The Week

Strategy Raises $2B As Bitcoin Holdings Stay Flat For The Week - Read the full analysis.

NewsBTC Editorial Team 2 days ago
SEC Proposes Reg NMS Rule Changes That Could Affect Tokenized Stock Trading

Crypto Groups Sue To Block Illinois Digital Asset Tax Act

Crypto Groups Sue To Block Illinois Digital Asset Tax Act - Read the full analysis.

NewsBTC Editorial Team 2 days ago
Spot Bitcoin ETFs Return To Inflows As Ether Funds Keep Sliding

Bitcoin And Ethereum ETFs Add $492M As Inflow Streak Continues

Bitcoin And Ethereum ETFs Add $492M As Inflow Streak Continues - Read the full analysis.

NewsBTC Editorial Team 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Coinbase

Coinbase Investor Class Action Can Move Forward, Federal Judge Rules

NewsBTC Editorial Team 2 days ago
LBank No KYC Exchange homepage showing futures copy trading

BitMEX Sets Close-Only Risk Limits Ahead Of September Wind-Down

NewsBTC Editorial Team 2 days ago
Stablecoin

Treasury Proposes Stablecoin Licensing Rules Under GENIUS Act

NewsBTC Editorial Team 2 days ago

Premium Sponsors

Press Releases

  • BlockDAG

    BlockDAG’s $0.002 Entry Raises Questions About a...

    2 weeks ago
  • Martin Masser, ChangeNOW’s Director of Strategic Partnerships, holds a branded T-shirt in a graffiti-covered London passage.

    ChangeNOW Brings Martin Masser Into Its Crypto Super App

    3 weeks ago
  • DCODEX Unveils the Next Chapter of Its Global Ecosystem as It Accelerates Toward the Launch of DCX

    Global Venture Firms Make Their Move: Zerra Ventures &amp...

    3 weeks ago
  • CreditBlockchain

    CreditBlockchain cloud mining helps users earn up to 0.078...

    7 months ago
  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    8 months ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.