Statement By EyeLock's Jeff Carter On Current Security Risks For Banks And Financial Institutions Call for Industry and Regulators to Reexamine Existing Methods of Security

NEW YORK, April 4, 2013 /PRNewswire/ -- Jeff Carter, Chief Strategy Officer at EyeLock and a thought leader in banking innovation with more than 15 years of banking and technology experience, today issued the following statement in reaction to recent breaches and security violations at banks and financial institutions in the United States:

"The recent series of intrusions into banks has reaffirmed our belief that the days of the username, PIN and password must be placed behind us.  We are currently experiencing a crisis level need for new methods of logical security if we want to protect the institutions that serve as the backbone of our country.

"For years, EyeLock has been working with banks and other financial institutions to establish a more secure, scalable and reliable solution that will ultimately eradicate fraudulent occurrences.

"We now call on the industry and regulators to move quickly toward a new solution, one focused on a stable biometric to authenticate identity, such as the iris, to protect America's financial security and remove points that are currently making us vulnerable to attacks."

If you would like to speak to Jeff Carter about the move toward integrating a new logical identity authentication system into financial institutions, or would like to view EyeLock's technology, please contact Samantha Wolf (swolf@kcsa.com).

EyeLock Inc. is a leading technology provider of iris-based identity authentication products and technology solutions. Transforming the way identities are authenticated and protected, the Company offers a broad suite of breakthrough solutions for the identity management, access control, border control and logical access sectors.  The proprietary, iris-based identity management solutions are cost-effective, scalable and easy-to-use iris recognition systems that operate while a person is in motion and at a distance. EyeLock delivers products and solutions where privacy, convenience and security are synonymous.

CONTACT:
Samantha Wolf
KCSA Strategic Communications
swolf@kcsa.com
212-896-1220

SOURCE EyeLock Inc.



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http://www.eyelock.com

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