New Partner for Intercede's MyTAM Service

RNS Number : 8900F

Intercede Group PLC

26 February 2015

 

Intercede Group plc

PRESS RELEASE

February 26, 2015

Rivetz chooses Intercede's MyTAM service to secure Bitcoin wallets and e-commerce transactions

Intercede loads Rivetz apps into the cryptographically-secured Trusted Execution
Environment built into leading Android handsets

Lutterworth, UK/Boston, MA - Cybersecurity expert Intercede today announced that app development toolkit provider Rivetz has signed up to its MyTAM service to protect customers' Bitcoin wallets, e-commerce apps and messaging services on the Android platform. By loading an app into the secure Trusted Execution Environment (TEE) already present on many leading devices, the app, along with data and transactions made by it, is protected against threats that may be present on the handset. 

The Trustonic TEE is a cryptographically locked, secure operating environment built into many leading Android devices at the point of manufacture. It protects applications and their associated content from malware, man-in-the-browser and other forms of software-based threats that are potentially active on devices.

By adopting Intercede's MyTAM service, Rivetz's development toolkit provides app developers with a simple-to-integrate tool for the storage, use and protection of private keys in the TEE. Rivetz customers are already using these tools to secure Bitcoin e-commerce platforms, benefitting from a model where security is built in. The Rivetz toolkit provides protection of the private keys and full use of the Trusted User Interface for the wallet apps. This end-to-end protection of transactions offers users the assurance that mobile transactions with cryptocurrency are secured.

The security of mobile banking and financial services is of great concern to the public, with an Intercede survey of 2,000 UK consumers in 2014 finding that 53 percent would never use mobile banking services due to a perceived lack of security.

Intercede CEO Richard Parris said: "Intercede is leading the way in enabling developers to protect their apps, and transactions made by them, on the Android platform. By using MyTAM to secure Bitcoin wallets in the TEE, Rivetz offers peace of mind to customers who are concerned about cyber- criminals stealing their Bitcoin assets."

"As this deployment illustrates, the MyTAM service is enabling Intercede to expand into new sectors, such as payments, that offer potentially significant growth opportunities."

Steven Sprague, CEO of Rivetz, added: "By teaming up with Intercede and Trustonic to take full advantage of the TEE, we are offering our customers the opportunity to leverage the most advanced cybersecurity tools available to protect their services and offer end users a simple to use and very safe environment for e-commerce, messaging and storage."

Intercede's MyTAM service enables organisations - such as app developers, service providers, banks and media streaming companies - to load apps into the TEE, and runs on Intercede's established market-leading security platform, which is already used by some of the world's largest enterprises and public sector organisations. It provides a scalable and cost-effective solution for any size of deployment, from enterprise apps with thousands of users to consumer apps with millions.

About Intercede:

Intercede is a software and service company specialising in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity.

Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years.

Intercede's MyID software is an identity and credential management system that enables organisations to create and assign trusted digital identities to employees, citizens and machines and in turn allows secure access to services, facilities, information and networks. MyID adheres to international standards, while remaining simple enough to be deployed onto consumer devices such as smartphones, tablets and other devices in the Internet of Things.

In 2015 Intercede launched MyTAM; enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps. The cloud-based service provides a cost-effective and convenient way for developers and corporations to protect their apps and users' sensitive data.

For more information visit: www.intercede.com

About Rivetz

Rivetz Corp. is focused on solving problems associated with consumers' relationships with financial and other online services. Rivetz provides a safer and easier-to-use model for all users to protect their digital assets and online transactions using hardware-based device identity. The device plays a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet.

For more information, visit www.rivetz.com

About Trustonic

Trustonic integrates hardware-level security and trust directly into the devices through which we access today's connected world. Trustonic simplifies user experiences in everything from mobile shopping and Internet banking to entertainment to collaborating in the workplace.

Trustonic technology is embedded in over 350m smart connected devices, and partners with market leaders such as Samsung, Qualcomm, Symantec, Gemalto and Good Technology. To learn more about Trustonic and how it's making your connected world a better place visit us at www.trustonic.com

ENQUIRIES

Intercede Group plc                                                                       Tel: [phone]

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director           

finnCap Ltd                                                                                         Tel: [phone]

Stuart Andrews, Corporate Finance

Joanna Weaving, Corporate Broking

 

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