Introduction
Biometric authentication technology has been an important industry trend for years, especially in 2021 due to the latest AI innovations available on the market. According to IBM, 20% of breaches are caused by compromised credentials. Worse, it can take an average of 287 days to identify and respond to a data breach.
AI-based security is increasing in usage and will be necessary to remain competitive in any industry. IBM reports that as of 2021, 25% of businesses have completed deployment of AI-based security, while 40% are partially deployed. The remaining 35% have not begun this process, and if your business falls into this category you may be placing your clients at great risk for dangerous data breaches. Investing in AI-based security can save a business up to $3.81 million in 2021.