Tractica predicts that the worldwide biometrics technology market will grow from $2 billion in 2015 to $14.9 billion by 2024; Suprema unveiled BioStar 2.1, an update to the biometric security platform; Nok Nok Labs announced that it has completed the second and final closing of $8 million in its Series C Financing, raising a total of $16.25M.

It’s been nearly three years since the first grant award winners were chosen for the National Strategy for Trusted Identifies in Cyberspace (NSTIC) pilot projects. Three rounds of pilot winners have been selected each and Re:ID checked in with all of the previous winners and all were asked to share lessons they’ve learned from participating in the pilots. Answers from five of them are featured in this podcast with Regarding ID’s Gina Jordan: Resilient Network Systems, Daon, GTRI, PRIVO, and MorphoTrust USA.

The headlines often roar about the death of the password but the reality is the password isn’t going away anytime soon. What’s likely to happen is that other authentication factors – some more visible than others – will be used in conjunction with password for access to web sites and IT resources, according to a survey from SecureAuth.

ForgeRock announced a new digital consent and privacy initiative, led alongside other open-source technology companies and experts, to accelerate developer adoption of the User-Managed Access (UMA) standard.

The focus of cybersecurity has been on building better defenses but the front door has been left open as 4% of cybersecurity spending goes to identity. As more information is readily available on the dark web more needs to be done to secure identities online.

Acuity Market Intelligence forecasts that between 2014 and 2020 nearly 12.9 billion mobile biometric apps will be downloaded to smart mobile devices by 2.2 billion mobile biometric users; HYPR Biometric Security released its Tokenization SDK to the public for third party integration; Sonavation has reached an milestone by developing and bonding an ultrasound biometric sensor compatible with Corning Gorilla Glass.

The ubiquitous passwords, everybody has them and everybody hates them kind of like bills. But while bills are unlikely to go away for most people alternatives to passwords exist and may start seeing more use. A report from Accenture, “Digital Trust in the IoT,” surveyed consumers about their attitudes towards user names and passwords.

More than half of U.S. businesses have suffered some sort of breach and these hacks can cost millions of dollars in damages, according to survey results from Centrify Corp. At the center of protecting IT resources is identity, according to findings from Centrify’s “State of the Corporate Perimeter” survey of more than 400 US and UK IT decision makers.

Corporate IT executives have a pretty good idea of what their identity and access management (IAM) systems can handle. But when setting up an IAM system for customers the landscape changes quite as the systems involve different technologies and different performance requirements.

Facial recognition biometrics is experiencing a period of growth; the FIDO Alliance adds NFC and Bluetooth to the FIDO 1.0 specifications; Precise Biometrics partnered with Fingerprint Cards to have Precise BioMatch Mobile integrated into two new smartphones from Chinese manufacturers.