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Tech titan Intel Corp. (Nasdaq: INTC) aims to drastically change the safety of our digital behavior. In fact, its goal is the "ultimate elimination of passwords altogether."
The company just took its first step. Intel unveiled a new password manager app that uses facial recognition instead of passwords to access information. The app - called "True Key" - debuted over the weekend at the 2015 Consumer Electronics Show.
Here's how it works...
A user downloads the app to a mobile device. The user registers and uploads a facial photo taken with a smartphone camera or webcam. Once that is complete, True Key can use the person's photo instead of a password to access a protected website or app. True Key uses facial math, which is the distance between a person's eyes and nose, their eye color, etc., to remember a user's credentials.
The app won't immediately eliminate the need for passwords, but Intel maintains it makes technology use easier since it eliminates the need to remember some passwords. Password requirements are getting overwhelming. Sites and devices require more complex passwords and more frequent updates than ever before.
And even those strict rules don't prevent hacking.
But Intel has a mission to fix this cyber mess...
Intel (Nasdaq: INTC): A Security Standout
Intel had the insight more than four years ago to recognize the Internet of Things (IoT) would be the next big trend in tech.
You see, Intel was always best identified as a chipmaker supplier for tech behemoths like Microsoft Corp. (Nasdaq: MSFT) and Apple Inc. (Nasdaq: AAPL). But it became a major security software player in 2010 when it made a $7.68 billion purchase of McAfee, one of the leading sellers of antivirus and security software.