A growing number of organizations are using biometric data, such as fingerprints and retinal scans, as a convenient way to improve security. From touchpads that unlock smartphones and computers, to scanners providing access to places of business, biometric data seems to be a fast, easy and secure way to authenticate individuals and unlock access.
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The risks of collecting and storing biometric data, however, are high, and they require closer scrutiny. What’s more, insurance policies might not respond to claims alleging violation of biometric data privacy laws, creating coverage gaps.
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