The payments firm says people will start inserting security devices into their body to enable their unique bodily characteristics to let them into their PayPal accounts, which are commonly targeted by hackers and phishers.
Jonathan LeBlanc, global head of developer advocacy at PayPal, said: “As long as passwords remain the standard methods for identifying your users on the web, people will still continue to use ‘letmein’ or ‘password123’ for their secure login, and will continue to be shocked when their accounts become compromised.”
PayPal says that more secure biometric systems built around fingerprints and iris scans are set to become outdated, even before most institutions – including PayPal – adopt them.
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