SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

October 08, 2014 10:27 ET

SmartMetric Says the Day of the Password Is Numbered -- JP Morgan Chase Data Breach Shows the Failure of Passwords

NEW YORK, NY--(Marketwired - Oct 8, 2014) - SmartMetric, Inc. (OTCQB: SMME) -- The recent 70 million account data breach at JP Morgan Chase reveals more than the precarious safety of our information. It has come to light that the breach was caused by data thieves obtaining access to the Bank's servers using an administrator's password. SmartMetric says the reliance at all levels of data security on passwords is like relying on a bow and arrow for defence in the age of the machine gun. Speaking today the company President and CEO Chaya Hendrick said while networks and access control systems still rely on old technology such as passwords they will remain vulnerable to attack. SmartMetric uses biometrics as the security key rather than passwords on its payment cards, access control cards and identity verification cards. By using fingerprint biometrics built inside its cards SmartMetric has developed a much safer security platform that turns the person into the key.

About SmartMetric, Inc.

SmartMetric is a publicly traded technology company that has added a fingerprint scanner built inside EMV payment credit and debit chip cards thereby creating a second layer biometric authentication protection in defending against card fraud. The company is now actively marketing its technology to card issuing financial institutions around the World. To find out more please go to www.smartmetric.com

Safe Harbor Statement

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.

Contact Information

  • Investor Relations
    EraStar, Inc.
    Office (702) 480-9800

    SmartMetric, Inc.
    Chaya Hendrick
    Office: 702-990-3687
    Direct: 786.269.2238
    Email: ceo@smartmetric.com