SOURCE: SmartMetric, Inc.

SmartMetric, Inc.

September 09, 2014 10:37 ET

SmartMetric Says Existing Credit Card System Is Broken and Its Biometric Card Is the Solution -- From Albertsons, Target, Michaels, Neiman Marcus, P.F. Chang's, SuperValu, Etc. to Now Home Depot -- No Card Is Safe

NEW YORK, NY--(Marketwired - Sep 9, 2014) - SmartMetric, Inc. (OTCQB: SMME): The Home Depot credit card data theft across the United States and Canada once again shows how vulnerable the piece of plastic in your wallet or purse is. It now appears that the Home Depot data theft has taken enough shopper information that it is allowing the thieves to change passwords at banks and then extract large amounts from teller machines using a cloned card with the newly stolen information. Not only are people seeing their accounts depleted of cash but as recent history shows many Home Depot shoppers will also become victims of serious identity theft. Figures have shown an upsurge in identity theft cases following major data breaches. 

The Home Depot data breach follows a long line of serious card data thefts spanning more than a decade. The recent Target card data theft netted the cyber thieves more than 40 million credit and debit cards and information on more than 70 million shoppers. 

This is an epidemic that can be solved but not with old tools such as the 40-year-old magnetic strip or the 6-year-old EMV chip -- all of which have proven hackable. SmartMetric fingerprint activated credit and debit cards use the latest in biometric technology that in turn provides the greatest level of protection for banks and consumers alike.

SmartMetric has added a fingerprint scanner built inside EMV chip payment credit and debit cards and uses a person's fingerprint stored inside the card to activate the cards chip following a scan and match of the fingerprint on the card -- thereby creating a second secure layer of biometric authentication protection in defending against card fraud. The company is now actively marketing its technology to card issuing financial institutions around the World.

About SmartMetric, Inc.
SmartMetric, Inc. is a technology company that designs and engineers its own advanced products utilizing the company's expertise in miniaturizing electronics. The company has developed a miniature fingerprint self powered fingerprint scanner and reader that fits inside credit and identity cards that are at the center of SmartMetric Inc.'s advanced biometric products. For more information please visit 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

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