LaserLock’s VerifyMe to Launch in Mexico

LaserLock’s VerifyMe to Launch in Mexico American identity and geo-location technology company, LaserLock Technologies, has entered into a ten year $7 million contract with an unknown Mexican gaming company which will put LaserLock’s VerifyMe Identity Services to work at Mexican online casinos.

New anti-money laundering regulations in the country have increased the need for security and LaserLock’s technology eliminate the need for passwords and PINs by using a three-factor authentication process.

"The multiple factors involved in the VerifyMe method adhere to the classic identification trifecta: something you have, something you are and something you know," a company spokesman said.

"In this case it breaks down to a connected device (like a smartphone), a biometric (like facial recognition) and a gesture swipe respectively. The solution adheres to NIST Level 4 standards and can be bolstered by a geo-tagging feature if a “somewhere you are” location factor is deemed necessary."

Neil S. Alpert, LaserLock’s CEO said, "The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be replaced and VerifyMe is the ideal technology to do it.”
  • This is the same LaserLock Technologies that you download a free VerifyMe app for your iPhone, iPad and iPod. I know they said that many more applications were being developed for other technologies, devices, etc., but I thought this was all they had out as yet. VerifyMe on the "i" devices only requires you to download the app, free, you don't even have to register. You pick a favorite color and a unique swipe pattern you create on your device touch screen. That's it. I'm sure it will be easy and they swear that the safety factor is not comparable to anything out thre at this time.
  • So if I understand correctly, we'll need a device like our own registered phone to hand, plus a swipe style unlock popular on android phones today, and also maybe a face or fingerprint check using said device to log on securely.... sounds good but there are so many obvious flaws in this, afterall the only truely secure measure of the 3 is the device, and if that is lost, damaged or unavailable, your even more screwed than you were just for losing your phone... Personally, I'm happy with my secure password safe - I can keep it on any device I wish, back up the data on usb keys or memory cards to take with me or incase my phone or computer is lost or stolen, and the codes are much harder to remember than a simple swipe pattern and no stage of the process can be bypassed using a photograph of myself too ...

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