Here's the latest from their website (thanks to Debra Hamilton, a fantastic researcher, for the tip):
You will never need a password again.
Your biological makeup is the key to your individual identity, and soon, it will become the key to safeguarding it.
You will no longer need to create, track or remember multiple passwords for various log-ins. Imagine you will be able to walk up to an ATM machine to securely withdraw money by simply speaking your name or looking into a tiny sensor that can recognize the unique patterns in the retina of your eye. Or by doing the same, you can check your account balance on your mobile phone or tablet.
Each person has a unique biological identity and behind all that is data. Biometric data – facial definitions, retinal scans and voice files – will be composited through software to build your DNA unique online password.
Referred to as multi-factor biometrics, smarter systems will be able to use this information in real-time to make sure whenever someone is attempting to access your information, it matches your unique biometric profile and the attempt is authorized. To be trusted, such systems should enable you to opt in or out of whatever information you choose to provide.
Mind reading is no longer science fiction
From Houdini to Skywalker to X-Men, mind reading has merely been "wishful thinking" for science fiction fans for decades, but their wish may soon come true.
IBM scientists are among those researching how to link your brain to your devices, such as a computer or a smartphone. If you just need to think about calling someone, it happens. Or you can control the cursor on a computer screen just by thinking about where you want to move it.
Scientists in the field of bioinformatics have designed headsets with advanced sensors to read electrical brain activity that can recognize facial expressions, excitement and concentration levels, and thoughts of a person without them physically taking any actions.
Within 5 years, we will begin to see early applications of this technology in the gaming and entertainment industry. Furthermore, doctors could use the technology to test brain patterns, possibly even assist in rehabilitation from strokes and to help in understanding brain disorders, such as autism.
Note: Everything in Blue and Red on this post is directly copied from the IBM website.