Latest Cyber Breaches Force Companies to Reevaluate How Critical Data is Protected - Biometrics Security Measures Escalate in Mobile Payment Services

CORAL SPRINGS, Florida, October 7, 2014 /PRNewswire/ --

Digital payments expected to increase by 60.8% in 2015 as the biometrics industry adapts by implementing tougher security measures designed for consumer protection for mCommerce & eCommerce purchases.  Companies in focus today are: NXTD-ID, Inc. (NASDAQ: NXTD), J.P. Morgan (NYSE: JPM), Palo Alto Networks (NYSE: PANW), Apple Inc. (NASDAQ: AAPL), eBay Inc. (NASDAQ: EBAY) Barracuda Networks Inc (NYSE:CUDA) and Fortinet Inc (NASDAQ:FTNT).

NXT-ID, Inc. (NASDAQ: NXTD), a biometric authentication company focused on the growing mobile commerce market announces it will be exhibiting at the upcoming 2015 International CES (Consumer Electronics Show®), the world's gathering place for all who thrive on the business of consumer technologies, to be held in Las Vegas, January 6-9, 2015. The Company will be located at booths 21926 and 21927 in the South Hall lower level.  Gino Pereira, CEO of NXT-ID said, "With the recent news of extensive data theft at J.P. Morgan and Home Depot, consumers have no relief from the escalating concern over security breaches and identity theft from numerous data breaches before them."

To read the full NXTD press release, please click here:   http://www.financialnewsmedia.com/profiles/nxtd.html

Gino Pereira went on to say," We welcome the opportunity to demonstrate the unique features of the Wocket smart wallet at the International CES show and to show why having your own private vault as a wallet that you can store all your personal information in is becoming more compelling by the day." 

Additional NXTD Coverage:  According to TheStreet.com, NXT-ID, Inc. surged to close up 36.24% to $3.91 on Friday after news of a cyber attack on J.P. Morgan (NYSE: JPM). Cyber security and mobile security companies such as Palo Alto Networks  (NYSE: PANW) rose on the news as investors flocked to companies that could benefit from banks and other companies that would want to defend themselves from such security breaches. More than 8.7 million NXTD shares changed hands Friday, compared to the average volume of 450,570. Read more here: http://www.thestreet.com/story/12902426/1/why-nxt-id-nxtd-stock-is-surging-today.html?puc=yahoo&cm_ven=YAHOO

As a result of last week's cyber attack, other security/biometrics companies besides NXTD & PANW that realized noteworthy gains were, Wave Systems Corp. (WAVX), Barracuda Networks Inc (NYSE:CUDA) and Fortinet Inc (NASDAQ:FTNT).

In other digital payment news:  Apple Pay (NASDAQ: AAPL), not even launched yet, is already making waves. Apple's payment system has caused eBay (NASDAQ: EBAY) to move people and business units around. Early in 2012, PayPal's president, Scott Thompson, abruptly left the company to become CEO of Yahoo. During his four-year tenure at the eBay subsidiary, Thompson had doubled PayPal's user population and increased payment volume by 26% per year to over $120B. To read more, please click here: http://qz.com/276360/apple-pay-is-such-a-big-deal-that-ebay-already-has-had-to-change-strategy/

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