Trust Stamp Launches Biometric Secure Module Project with Contactless Palm Authentication

Proactive - Interviews for investors

Trust Stamp Senior Vice President of Research and Development at Reuben Farrugia joined Steve Darling from Proactive to announce the launch the company's latest initiative aimed at expanding its biometric cryptosystem, Stable IT2, to include contactless palm authentication. The new Biometric Secure Module (BSM) project will integrate both face and palm biometrics, enhancing security and privacy for users. Farrugia highlighted the alarming rise in cybercrime, with global costs expected to reach $10.5 trillion by 2025. Trust Stamp’s BSM project is designed to counter these growing threats by developing a high-entropy, secure authentication system that does not store sensitive biometric data. This privacy-centric approach ensures that even if a device is breached, no cryptographic keys are stored on the device itself, safeguarding user data. The BSM project represents a major leap in biometric security, aligning with industry standards like the FIDO Alliance. By combining face and palm recognition, Trust Stamp aims to set new standards for digital identity security, particularly benefiting financial institutions, digital wallets, and identity access management providers. This innovative solution is poised to redefine how digital identities are secured in an increasingly connected world. #proactiveinvestors #truststamp #nasdaq #idai #BiometricSecurity #PrivacyTech #IdentityVerification #CryptoSystem #CyberSecurity #Biometrics #DigitalIdentity #SecureAuthentication #TechInnovation #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews