According to the Verizon 2013 Data Breach Investigation Report, roughly 76% of all data breaches were enabled by weak credentialing and user authentication. According to a May 2013 whitepaper, US Mobile Payments Landscape-Two Years Later, mobile payment services are advancing faster than expected, but without much regard to standards and security. We need to discuss replacing them with something that does work, says Michael Barrett, PayPals Chief Security Officer. The case for biometrics seems inevitable, he says, because traditional Credentialing & Access Control systems like password/PINs are dead.”]
Source: https://securityintelligence.com/passwords-are-dead-we-need-a-better-system-now/