Photo Credit / TechnoBuffalo
Apple is all set to acquire AuthenTec Inc. – a company that designs products for enhanced mobile and network security – for nearly $356 million. With this acquisition, Apple would look to make its iProducts safer for online transactions, internet banking and storing confidential data. An April 2012 Trend Micro report suggested that BlackBerry leads iOS when it comes to enterprise-grade security – which means Apple needs to improve in this area if it wants to be the best.
In the near future, people would most certainly start using their cell phones as virtual credit cards; therefore, it’s really important that cell phone companies start developing high-quality software in order to protect sensitive information. Basically, AuthenTec’s fingerprint reader would work like what you generally see in Sci-Fi movies – your phone would use your fingerprint as a verification tool for every transaction and log-in.
Since Apple’s paying a hefty sum to take-over AuthenTec Inc., the new iPhone (probably iPhone 5) should have near field communication (NFC).
[via IBN Live]