- Apr 7, 2011
Hoyos Group unveiled their new security product, dubbed the EyeLock, at the Finovate financial technology conference, amid claims that it is the first and only portable iris-scanning device for consumers, the Daily Mail reports.
The device, which is the size of a standard business card and weighs about four ounces, connects to the user's computer by a USB cable.
Once the accompanying software package is installed and configured, all the user then has to do to is wave the scanner in front of her eye to automatically log in to any password-protected application or website - whether that's Facebook, Twitter, PayPal or a bank account.
"Every time you log in, it reads your iris and creates a unique key, which is a series of numbers, and this key changes every time you log in, so no one can hack it," Tracy Hoyos, Hoyos Group's assistant marketing director said.
According to Hoyos, the security offered by iris scans trumps fingerprints, the already widely available biometric alternative. Fingerprints have around 18 unique points to build an identification profile, while human irises have 2,000.
She said that not only will the technology protect your information better, it also eliminates the need for keeping track of multiple screen names and passwords. The EyeLock will cost USD 99 but no release date has yet been announced.