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Trustonic Application Protection and Lookout Application Defense combine to protect financial services firms from cybersecurity threats targeting mobile banking, payment and FinTech transactions

Mobile apps have become the primary channel for customers to manage their finances, transfer funds, deposit checks, pay bills, and make contactless payments. Unfortunately, this trend has not gone unnoticed by cyber criminals, who have upped the ante on targeting mobile app users. Hackers are targeting mobile app users to steal login credentials and sensitive transaction data by taking advantage of malicious apps, banking trojans and phishing attacks to compromise customer accounts and commit fraud.

Lookout & Trustonic Partner to Deliver Advanced Mobile Security for Payment & Banking Apps

How Trustonic and Lookout are addressing mobile banking security challenges

This strategic partnership provides unique market-leading capabilities designed to address the above challenges. Lookout App Defense provides comprehensive visibility and advanced mobile security protection against the spectrum of mobile risk. Lookout App Defense consists of iOS and Android SDK that can be embedded into customer-facing applications for friction-less deployment and leverages the Lookout Security Cloud used to protect over 170 million devices and 70 million applications worldwide. Trustonic Application Protection (TAP)  provides multi-layered hardware and software protection for iOS and Android apps and enables developers to easily build apps that leverage Trustonic’s Trusted Execution Environment (TEE) and hardware root of trust that is embedded in over 2 billion mobile devices. TAP can be used to protect biometric keys, user credentials, and sensitive transaction processes in the app.

The Trustonic and Lookout partnership has been formed to deliver the highest possible level of mobile application defense and protection. This is a pressing need for financial services companies looking to comply with the Second Payment Services Directive (PSD2) and particularly the associated mandate to provide strong customer authentication (SCA) for payments. The partnership will focus on key industry verticals that require advanced mobile security including mobile financial services for mobile banking, payments and point-of-sale (mPOS).

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Time for Hardware Backed Mobile Application Security

There’s much written about the need to secure mobile applications and the consequences of failing to do this well. At the same time, many claim this to be an impossible task, with numerous and varied ways for the ‘bad guys’ to win. Security is never easy – but good security can transform the way users interact with systems, enabling new ways of living and working. Done right, security makes systems simpler and easier to interact with. The days of passwords and dongles are long gone.

Trustonic Security to be Implemented in LG Mobile Smartphones

Bringing greater security to LG smartphones, responding to mobile network operator device lifecycle protection needs and helping 3rd party developers protect their apps.

22nd April 2020 – Mobile device and app security leader Trustonic has extended its partnership with LG Electronics Mobile Communications Company, which will see Trustonic Secured Platform (TSP™) deployed on LG’s smartphones. This includes the introduction of Trusted User Interface (TUI) functionality that is vital to unlocking the next generation of strong app protection in mobile banking, mobile payments and mPOS, digital car key and mobile identity-based apps.

Korea’s KB Bank Uses Trustonic In-App Protection to Enhance Mobile Banking Experience

Using Trustonic Application Protection enables KB Bank to dramatically improve the authentication experience for users of its mobile banking app and allow secure high value transactions

2nd April, 2020 – Mobile cybersecurity leader, Trustonic, today announces the successful implementation by KB Kookmin Bank (KB Bank) of Trustonic Application Protection (TAP) to enable a simpler authentication experience for users of its KB Star Banking app.

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