Mobile Apps Security
What is Mobile application security? Mobile app security is the defensive mechanism used to safeguard mobile applications with its users’ info and defending mobile applications against Cyber-attacks and digital fraud as; malware, man in the middle attacks, app tampering, financial fraud, and other hacking techniques. Why Does This Matter to individuals and companies? The digital transformation of services, led people and businesses to use a dozen different mobile apps on a daily basis, As; apps for financial management, banks that require customers’ credentials, online shopping, etc.. The use of unprotected mobile applications have severe consequences on businesses and individuals. The threats of Mobile Apps hacking When a mobile application is compromised by malware or other hacking activity that exposes both the individuals and the companies to a high risk of being a victim of digital fraud. This includes… Possibility of stealing financial login credentials Credit card information stealing Hackers access to business networks Wholesale identity theft The usage of the hacked device as a mean of spreading malware to uninfected devices etc . . Such violations have many consequences that can be severe, including: Negative end-user experiences Negative, potentially permanent impact on the brand’s reputation Ongoing financial losses Unfortunately, 40% of organizations, including some Fortune 500, didn’t take active steps to protect their customers they’re developing the apps for. Only 50% of these same organizations dedicate any resources toward mobile app security. And the most recent reports indicate that up to 95% of mobile applications are vulnerable to attacks. Mobile Apps Security tips Testing As online fraud is constantly evolving, we recommend that companies should regularly test their apps for vulnerabilities, never rush development or patches, and monitor malware attacks. Mobile Application Security Practices Practices that expose individuals and companies to less mobile fraud threats. Only Download from Trusted Sources –We suggest downloading apps from the trusted app stores with high caution whenever downloading a new app, and the reporting of any suspicious activity. Avoid Saving Passwords – Discourage untrusted apps to save passwords on their system or in the cloud, as these can allow the private credentials to be harvested and used to hack other devices or networks. Invest in Mobile App Security –We recommend companies go further than the usual defensive mobile app security tactics and seek in-app protection suite that puts a protected layer between apps and the hacking practices. The Guardian Trustsec mobile application protection solution “The Guardian” provides a high level of security, allows you to focus on your business knowing we maintain a user-friendly protected app with no effect on the end-user experience! The Guardian is your best choice for Mobile Application Protection as its automatic integration tool allows the developers to easily integrate and configure it to the app without slowing down the development process. It detects and prevents any threats in real-time and responds by taking the necessary measures to protect the mobile application. The Guardian protects the mobile application even on highly infected devices, it protects the app against attacks that are coming from other applications as it shields the app and protects the user data and the app from reverse engineering, malware and various types of attacks. Ready to invest in your brand’s app security? Read more about Trustsec mobile application protection solution “The Guradian”
COVID-19 and Secure online exams revolution!
The COVID-19 outbreak forced many countries to extend schools’ and universities’ closure to protect the safety and wellbeing of its employees, teachers, and students. The pandemic had a direct impact on the educational system overall, It is almost impossible for schools and universities to hold examinations. Many universities worldwide have suspended their exams and requested research papers instead. Considering these unprecedented circumstances, many educational entities have adopted online exams to support the students, so they can continue with their education journeys as soon as possible. To ensure fairness for all the students who have worked hard, and to continue the educational cycle, it was essential to use more layers of authentication to assure Identities in online exams & E-learning. It is essential to verify who is really taking the test. That’s why adding a security layer of authentication is essential to avoid cheating and confirm identities. The simple username and password authentication used in verifying the user identity used wasn’t secure enough as passwords can be easily shared or cracked. One-time password (OTP) and FIDO2 are more secure solutions and with the advancement in biometrics, it is more reliable to verify the physical presence of the enrolled learner at login and throughout the test session. About OTP (OTP) is a type of password that is valid for only one use. It is a secure way to provide access to an application or perform actions for only one time. The password becomes invalid either after a small time frame as it changes every certain time or no of clicks on used devices, devices could be software like Mobile application or hardware There are multiple ways to spread OTP with desired students, like Hardware devices, Mobile applications (Android – IOS), SMS, or Email. The most popular is the Mobile application and the most secure is the hardware device. Read more about Trustsec solutions OTP (one-time-password) Fido2 Security Keys Biometric PKI Token Secure Network Access Secure Data Exchange
TrustSEC Pitch at TRUSTECH 2021!
Don’t miss our speech today at TRUSTECH! Don’t miss our speech today at the innovation stage at TRUSTECH at 12:55 PM, Zone E, Conference Room 02, Pavillion 5.2: “Biometric Smartcards: Solving identity and security challenges, in the Crypto space.” Join us, we will illustrate how biometrics has made a revolution on #authentication and its critical role in securing #cryptoassets. The spotlight this year is on our Smartcard OS SLCOS and the new Bio version developed for CardLab and its role in leveraging the usage of biometric smart cards that were mainly developed for ID, access, and payments. It also serves the digital transformation to Hard wallets in cooperation with the leading Spanish technology startup eSignus and their HashWallet solution. At TRUSTECH 2021, discover how all this – and more – is brought by the strong partnership! Get your free badge: https://badge.trustech-event.fr/en/home.htm?utm_source=ctaaccueil&utm_medium=siteinternet&utm_campaign=registration_opening_gb_26072021
TrustSec Supervisory Board Members 2021 – TrustSEC
TrustSec Supervisory Board Members 2021. PRESS-RELEASE 2021-02-16 Poland, Szczecin (February 16, 2021) – TrustSec is pleased to announce the appointment of three new supervisory board members, Konstantin Papaxanthis, Hans Graux, Stein Eitrheim, and Reinoud Weijman as an advisor to the Board, who all have extensive experience in the information security market and who will add significant value to TrustSec. Konstantin Papaxanthis has accepted a position as our board chairman. He is an entrepreneur with a 20 year long successful career within IT Security/ICT, innovation management, an expert on setting up State/National programs for the issuance of National eID Cards, DLs, ePassports, mobile Driving Licenses/mobile IDs, Trust Centers, MedTech/Health Care in several countries. He has extensive experience in complex business development, strategies & sales, operations, interim management, and an international network that spans over 60 countries. As a turnaround and growth specialist with broad experience from innovation management and a strong visionary, being Group CEO, Founder, Owner of the Swedish Mobile Driving Licenses & Mobile IDs provider, Scytáles AB, Member of the Board and Member at the Board of Trustees of Stockholm Chamber of Commerce, Chairman of the Board of Trust1Team and the eID Forum, we believe our new board chairman will strengthen our leading position in the market by creating new partnerships in Europe. Hans Graux has accepted a position as our vice-chairman. He is an ICT lawyer at the bar of Brussels, and a founding partner in the law firm Timelex, a firm specialized in information and technology law. Since obtaining a Law degree (2002) and completing a complementary study in Informatics (2003), he has been involved professionally in ICT Law throughout his professional career. Hans Graux was a part of the legal team advising the European Union in the establishment of the eIDAS Regulation on electronic identification and trust services (including electronic signatures and timestamps), and assists multiple European governments in legal and policy matters related to this topic and to information security in general. He provides specialized legal assistance to ID and information security companies and research initiatives, both in Europe and internationally, and is an internationally recognized legal expert in electronic authentication. Stein Eitrheim as a board member, a seasoned business professional with extensive international experience as a board representative and executive director. Stein holds a Bachelor’s degree in Finance and Administration and has worked more than 20 years in the ICT business domain in companies like Telenor, Banetele, and Norconsult Telematics. He has a proven track record in change management with extensive experience in strategic planning and operational execution. Stein currently works in a senior management consulting capacity, offering advisory services to both national and international clients. Stein was the project lead of setting up Telenor in Pakistan and headed up the performance improvement program in the company’s mobile value chain in Norway. As a keen entrepreneur, Stein has initiated several start-ups and supported funding initiatives concerning new businesses. Stein is a customer-centric leader who thrives when operating in the business and technology interface, whilst exploring new opportunities and services suited for efficient digital transformation. We are also glad to announce Reinoud Weijman joining as Board Advisor to TrustSec. Reinoud is the Managing Director at A.E.T. Europe B.V. with more than 22 years of experience in the information security industry and security software solutions as user identification, authentication, and digital signatures. “We’re excited to expand our board with three new members who have great and diverse expertise in the information security field and who will be a great addition to the company. We have worked diligently to ensure TrustSec is providing state of the art technologies, we believe under the supervision of a dedicated team of information security leaders who are committed to providing vision, strength, and stability to TrustSec, we would reach higher levels of productivity and innovations”, said Founder and CEO Dr. Magdy Sharawy. About TrustSec TrustSec is founded by internationally recognized information security and cryptography experts. Launched in 2016, the company aims to fill the gap in the cybersecurity market, Securing data assets, and digital identity against unauthorized access, cyber-attacks, hacking, through its state-of-the-art and innovative products and solutions. What TrustSec offers: Through TrustSec pool of experts and its business-driven innovative solutions, TrustSec offers its uniquely, in-house developed operating system for smart cards- SLCOS, a variety of products and solutions, that cover Software protection, data encryption, OTP, and security hardware namely PKI tokens and FIDO2 tokens in addition to its unique panel of professional services; of consultation, integration, testing, and outsourcing to help the other companies benefit from the latest available advances in cryptography to improve their products and services. TrustSec 2020 TrustSec has acquired Softlock inc in 2020. This new chapter for TrusfSec and Softlock is an important step for the information security field where two companies with their strengths combined will better serve the region. Working in parallel, the R&D of Softlock with accumulative 25 years of experience, and the professional supervision of TrustSec Board steer the organization towards a successful future, the two companies will provide the best-in-class secure digital experience to the benefit of individuals, entities, and governments! Throughout the past 25 years, Softlock has been a leader in providing innovative information security solutions in the Middle East. Softlock has been focusing on research and development over the past 25 years. The company’s latest unique innovative solution was the smart card operating system SLCOS. With its strategy of innovation, Softlock is now developing smartcard solutions and applets that run on SLCOS to serve the different sectors under TrustSec Supervision.
Biometric Smartcards pitch at TRUSTECH
Throwback to eSignus speech today at TRUSTECH about Biometric smartcards. Online services were already growing exponentially in recent years, and the pandemic has accelerated their adoption by companies and users. As the value of the services provided increases, so do the risks of accessing these services and falling victim to fraud or impersonation. The estimated number of passwords used in 2021 amounts to an incredible 300 trillion. It is expected to continue increasing year after year along with the services provided online, and only in the first half of 2020, Data breaches expose 36 billion records. Biometric Smartcards security Hackers attack people worldwide roughly every half a minute. This translates to a cybercrime being committed on an average of 2,244 times per day, taking in the financial services industry the highest cost from cybercrime at an average of $18.3 million per company. Therefore, authentication and signature of users and employees in digital environments are critical to reducing these risks and enabling easy adoption and transition to digital services. Security measures typically increase the complexity of transactions for users and increase friction in critical day-to-day processes. Usability and recognizable user experiences are as important as security itself to have success in implementing security policies. For these reasons, our approach to this problem focuses on two fundamental factors: On the one hand, using truly secure hardware, where the user can perform the authentication and signature processes. We implement state-of-the-art security in terms of design and electronic components and complement this with biometrics. Biometrics are primarily used because of two significant benefits: The convenience of use: Biometrics cards are always with you and cannot be lost or forgotten. Challenging to steal or impersonate: Biometrics can’t be stolen like a password or key can. The combined protection of your physical or behavioral signatures with other authentications gives some of the strongest known security. It is significantly better than using a character-based password as a standalone verification. On the other hand, there is the hardware form factor and the user experience. We know that one of the most significant security issues is the frictionless adoption of such measures. TrustSEC and CardLab ApS collaboration with eSignus, has successfully collaborated to provide a state-of-art authentication solution that solves such a problem. That is why our solutions are based on a credit card form factor and a similar user experience so that it is not only easy to use but can be implemented without friction and high user training costs. Throughout eSignus CEO “Daniel Hernandez” speech yesterday at TRUSTECH; he delved into the design of the solutions and showed its innovative use case, which solves the security problems of cryptocurrency and cryptoassets wallets “HASHWallet” by eSignus. Contact us for the full speech info@trustsec.net