What you need to know: HYPR Corp, a biometric security firm, launched a secure platform for the e-Commerce sector. The platform decentralizes the storage of data for safe usage, instead of using alphanumeric passwords. Healthcare providers, mobile wallets, and large banks are now using the secure biometric shopping platform.

Why this is important: Due to online identity theft, retailers and businesses must avoid potential critical situations. As such, using HYPR’s biometric shopping platform can decrease the vulnerabilities of data caused by ineffective platforms. The company’s next plan is to deploy the system in the retail industry.

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