NEW YORK, NY--(Marketwired - December 15, 2016) - SmartMetric, Inc. (OTCQB: SMME) -- The more than 1 Billion password and confidential identifying details stolen from Yahoo Mail represents a security breach that has extremely serious implications across the whole online and cloud world. It's effects are like a contagion that has spread to not only person's who use the same password across web sites and cloud portals but the theft of identifying information such as phone numbers and dates of birth has compromised even offline identity security.
What for many is most disturbing for many in the online and cloud security space is the disclosure by Yahoo that even hash protected passwords were stolen. This destroys what is now an obvious myth that passwords on places like Yahoo are protected by strong encryption. This raises the very serious question of how many other online and cloud systems are equally vulnerable with pitifully weak password protections, said SmartMetric's President & CEO, Chaya Hendrick.
SmartMetric is the creator of smartcard and credit card based secure biometric log on and transaction cards. The SmartMetric biometric card system uses highly miniaturized electronics on a fingerprint reader motherboard developed by SmartMetric, that sits inside standard size and thickness, credit cards and smartcards.
A persons fingerprint replaces unsafe passwords and PIN's with the SmartMetric biometric card having a built in fingerprint sensor used to scan and match a persons fingerprint to identify and validate the card user.
The SmartMetric biometric card scans and matches a persons fingerprint in less than 0.25 seconds allowing for instant card user validation. The biometric card also does all of its scanning and matching inside the card without the need for a central online depository of fingerprints. This provides the card user with a significantly safer protection of their fingerprint information while also protecting the card users privacy.
SmartMetric is in commercial talks with various global card issuers in both the banking and security industries.
The SmartMetric solution overlays biometric protection on top of the new Chip Card technology now being adopted and used across the United States.
Follow this link to view the SmartMetric biometric card:
SmartMetric Biometric Payments Card -- https://youtu.be/zSX59uHoHqU
To view the company website: 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