A Study on the Authentication and Security of Financial Settlement Using the Finger Vein Technology in Wireless Internet Environment

The development of the wireless communication allows all of the information to be saved in the digital storage device rapidly. Due to this, hacking and information leakage incidents are rapidly increasing. The scale of the problem however has gradually increased and the targeted industries have become much more diverse, which further points to the severity of the issue. Consequently, there are efforts to develop a security system in order to protect the information, yet at the same time the hacking technology has also advanced, causing an astronomical damage at an increasing state. This has led to the demand for a more convenient and cutting-edge enhanced security solutions. This demand has birthed the security authentication technology which merges biometrics and ICT capabilities. However, numerous biometrics technologies carry problems when deployed as means of security authentication solution for financial services due to their low level of recognition success rate, easy duplication, avoid recognition, terminal minimization difficulties and more. Finger vein recognition technology which is impossible to duplicate with a very high level of recognition rate has emerged as the biometrics authentication solution for financial services. This study recommended an authentication security model for financial services that use finger vein solution to strengthen financial services’ safety and to protect information.