Biometrics are in general a bad way to implement security. Finger prints and iris scans can easily be stolen many times by just browsing a person's Facebook profile photos. We have already started depending on these to allow access to bank accounts.
I live in India, and there are already companies with phones that have iris and fingerprint scanners to link with each individual's Aadhar ID and grant access to all government and financial services including bank accounts, and even online shopping [1]. Unlike regular credit card transactions, these are supposed to be authenticated, so you cannot ask for a chargeback. Data for 130 million Indian people including their Aadhaar numbers and bank details was recently leaked accidentally. [2] There is a big disaster here just waiting to happen.
I live in India, and there are already companies with phones that have iris and fingerprint scanners to link with each individual's Aadhar ID and grant access to all government and financial services including bank accounts, and even online shopping [1]. Unlike regular credit card transactions, these are supposed to be authenticated, so you cannot ask for a chargeback. Data for 130 million Indian people including their Aadhaar numbers and bank details was recently leaked accidentally. [2] There is a big disaster here just waiting to happen.
[1]: http://www.ndtv.com/india-news/shop-online-soon-with-fool-pr...
[2]: http://indiatoday.intoday.in/technology/story/aadhaar-data-o...