Why banks are tracking how you type, swipe or tap?

 Why banks are tracking how you type, swipe or tap?

Why banks are tracking how you type, swipe or tap? You have any idea that while you browse banks are now tracking how you type, swipe or tap. You might think that the disappearance of the mouse cursor is a technical glitch but it might be not the case. Now biometrics are moving way beyond fingerprints. Basically, the way you press, scroll and type can be unique which helps banks a lot.

Why banks are tracking how you type, swipe or tap?

Why banks are tracking how you type, swipe or tap?

• Basically, the way you press, scroll and type on a phone or laptop can be as unique as your fingerprints or facial feature.
• To find frauds, a growing number of banks and merchants are tracking visitors' physical movements as they use website and apps.
• Some use the technology only to weed out automated attacks and suspicious transactions, but others are going singinifatly further. 

How this works and is beneficial to officials?

• The data collection is invisible to those being watched.
• Using sensors in your phone's code on the website, companies can gather thousands of data points.
•  To security officials, the technology is a powerful safeguard.
• Cyber thieves have obtained billions of passwords and other sensitive personal information, which can be used to steal from customer's bank and shopping accounts and fraudulently open new ones.
• To fight fraud, companies building a database on people's behavior and movement.

I hope you found this article useful. Please do not forget to share your views on Why banks are tracking how you type, swipe or tap? in the comment section. Please share it with your family member so that they can be acknowledged.