Fingerprint Locks - Security beat
Big news on the mergers and acquisitions (M&A) front is closing out 2024, a year in which several shifts changed the face of the physical security manufacturer community. Announced in December, German giant Bosch Group is selling its Building Technologies division’s product business for security and communications technology to the European investment firm Triton. Bosch division selling to Triton The transaction encompasses three business units – Video, Access and...
The pattern of veins in the hand contains unique information that can be used for identity. Blood flowing through veins in the human body can absorb light waves of specific wavelengths. Irradiating the human palm with near-infrared light waves yields an image of the vascular pattern. A venous distribution map can be processed and compared to pre-registered data to match and confirm identity. Palm vein biometrics The idea of palm vein biometrics goes back to the 1980s when pa...
ISC West 2024 mirrored a vibrant industry on the precipice of accelerated change. Factors such as the cloud, artificial intelligence (AI), edge computing, and biometrics are shaping the future of the security marketplace, and they were front-and-center at the industry’s biggest U.S. show in Las Vegas. Foot traffic was steady and impressive, including more than 29,000 security industry professionals viewing 750 exhibitors. A torrent of eager attendees crowded the lobby on the first d...
In the competitive world of physical access control, Big Tech companies are seeking to play a larger role. Physical access competition Apple Wallet continues to stake its claim on mobile credentialing. Amazon One Enterprise is pushing a palm-based identity service. Google/Nest offers smart locks for home access control, with identity and access management provided in the Google Cloud. The entry of these big companies in the historically fragmented physical access control market is causing di...
The sale of Carrier’s Global Access Solutions to Honeywell in December amounted to a dramatic finish to a big year in 2023 for mergers and acquisitions (M&A) in the physical security market. In the transaction between two industry giants, Honeywell sought to enhance and strengthen its building automation capabilities with the acquisition of Carrier’s Global Access Solutions business for $4.95 billion, in an all-cash transaction. Honeywell acquires Carrier Access business ...
Companies at GSX 2023 emphasized new ways that technologies such as artificial intelligence (AI) and the cloud can address long-standing issues in the security market. Among the exhibitors at the event in Dallas were companies seeking creative ways to apply technology, lower costs, and make the world a safer place. Reflecting on the exhibition, here are some additional takeaways. Expanding AI at the edge i-PRO is a company reflecting the continued expansion of edge AI capability in the...
GSX 2023 has its share of new product announcements, although many of the new products are enhancements to technologies shown at last spring’s ISC West show in Las Vegas. Booth traffic on the first day seemed busy at the Kay Bailey Hutchison Convention Center in Dallas, although one exhibitor complained that it takes some time for the traffic to make its way to the farthest areas of the show floor. Apparent throughout the GSX show is an expanding idea of what constitutes security. Incre...
PKOC stands for Public Key Open Credential. It is a new standard that will meet a 30-year industry challenge and strip away much of the complexity and cost involved in protecting and administering credentials for access control. It could also accelerate the transition from cards to mobile access control. PKOC is a standards-based mobile credential that is essentially free, vendor-agnostic, and interoperable across multiple devices and systems. It is a highly secure access credential that can l...
The Physical Security Interoperability Alliance (PSIA) was founded in 2008 with a goal of creating ‘plug-and-play interoperability’ among physical security devices, systems and services. Since then, the organization’s mission has both expanded to include logical security and focused more narrowly on identity, a critical aspect of security today. In recent years, PSIA has concentrated on its PLAI (Physical Logical Access Interoperability) specification, which provides a means t...
