In today’s electronic age, the smarter people and companies get about protecting vital personal information, the smarter the thieves get. Staying ahead of those that want to steal personal information is increasingly difficult. In the end, it may be our own physical self that provides the only true form of protection against information misuse.
BIO-Metrics Inc., a provider of wireless public safety and finger-based biometric identification products, works to provide government and private sector organizations with communications and fingerprint identification products. The company has been approved by the US government’s technology arm, charged with addressing this particular security issue, and is currently used by over 2,500 police, security and fire agencies across the U.S.
Although there may be discussion about the personal invasion of privacy regarding the use of bio-metrics, there is little doubt that the process will become a standard form of positive identification in some form. Current emphasis is being placed on the Homeland Security aspect of the process, although this narrow view is likely to change fairly quickly. For the most part, the use of bio-metrics is likely to shift toward practical necessities in the very near future. Financial and medical information theft issues have become more pervasive, demanding better security measures.
The financial information security issue will likely be addressed as a matter of market forces, but the medical personal information security aspect will likely need government interference. Many see electronic record keeping as a part of health care reform. Absolute security in implementing this program has yet to be witnessed by those that legislate this sort of thing, regardless of whether it exists at this point in time or not. Having a secure form of identification in place before this healthcare cost savings process is put in place will be critical.
Apparently, the company is making great strides in making its bio-metric products line known to agencies across the U.S. Illinois police departments, from local to state levels, have recently adopted the company’s mobile PocketCop product lines, and private companies such as Northrop Grumman, AT&T, Oracle, Intel and Palm have found great success with their products. The company’s bottom line is also showing signs of acceptance, as cost structure and margins improve in line with expectations. From a realistic perspective, bio-metrics are here to stay in whatever form and use they take in the future. Bio-Metrics Inc. is a company working at the forefront of a market ready to break out and is ready to profit by it.
Let us hear your thoughts below:
