Saturday, 16 January 2016 16:37

Wearables need protection too

By

Kaspersky Labs says that wearable devices need stronger protection as they are increasingly used for mobile and contactless payments.

Smart watches, fitness trackers and payment wristbands are expected to account for one in five mobile payment transactions by 2020. Kaspersky Labs says it is inevitable that they will become a growing target for cyber-attack.

The market for connected wearables alone is estimated to be growing by 35% a year. However, many connected devices and the data they exchange remain worryingly unprotected, and this will become even more serious as more of them are used to make payments.

Kaspersky Labs has joined with WISeKey - a company specialises in privacy on the move by securing mobile phone communications, data, making and receiving payments, access to personal bank accounts & more.

The collaboration will develop technology that will deeply integrate authentication and data encryption into new wearable devices, enabling them to safely connect, communicate and exchange financial data.

Premium watch manufacturers, such as Bulgari, already integrate WISeKey’s patented security software, WIS.WATCH into their connected watches. This enables a customer to securely identify and authenticate their device, to connect it to other devices such as their smartphone and to access applications, personal data and secure cloud storage.

Under the new partnership, Kaspersky Lab’s secure software development kit for mobile devices will be included in this solution, adding a further layer of security and paving the way for ultra-secure mobile payments.

Eugene Kaspersky, chairman and CEO of Kaspersky Lab says, "We live in a truly connected world, but as the number of connected devices continues to grow, so does the number of threats. Unfortunately, there are millions of devices in active use today that were never designed to be secure, but security should be built-in from the very outset. There’s an urgent need to establish and implement higher levels of security for IoT devices, and we’re happy to work with WISeKey in the development of such a solution".

Carlos Moreira, CEO of WISeKey says, “This cooperation between WISeKey and Kaspersky Lab represents a breakthrough in IoT cyber-security. The combination of trust and convenience that will be delivered to wearable devices opens the door to implementations in other sectors, where the same approach can support a variety of other IoT applications.”

The collaborative solution will be based on WISeKey’s ‘Cryptographic Root of Trust for IoT’ and on its NFCTrusted technology. Between them, these technologies ensure the authenticity, confidentiality and integrity of online transactions. The Cryptographic Root of Trust has been installed in over 2.6 billion desktops, browsers, mobile devices, SSL certificates and connected devices.

CHIEF DATA & ANALYTICS OFFICER BRISBANE 2020

26-27 February 2020 | Hilton Brisbane

Connecting the region’s leading data analytics professionals to drive and inspire your future strategy

Leading the data analytics division has never been easy, but now the challenge is on to remain ahead of the competition and reap the massive rewards as a strategic executive.

Do you want to leverage data governance as an enabler?Are you working at driving AI/ML implementation?

Want to stay abreast of data privacy and AI ethics requirements? Are you working hard to push predictive analytics to the limits?

With so much to keep on top of in such a rapidly changing technology space, collaboration is key to success. You don't need to struggle alone, network and share your struggles as well as your tips for success at CDAO Brisbane.

Discover how your peers have tackled the very same issues you face daily. Network with over 140 of your peers and hear from the leading professionals in your industry. Leverage this community of data and analytics enthusiasts to advance your strategy to the next level.

Download the Agenda to find out more

DOWNLOAD NOW!

Ray Shaw

joomla stats

Ray Shaw ray@im.com.au  has a passion for IT ever since building his first computer in 1980. He is a qualified journalist, hosted a consumer IT based radio program on ABC radio for 10 years, has developed world leading software for the events industry and is smart enough to no longer own a retail computer store!

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments