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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 1.7 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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Impressions from Huawei’s eco-Connect Europe conference

As part of the ongoing partnership between Trustonic and Huawei Consumer Business Group, I was kindly invited to attend the recent Huawei eco-Connect conference in Rome.

Huawei eco-Connect is Huawei’s annual flagship event for the European region. Its aim is to establish and promote an open, innovative and collaborative ICT ecosystem. Executives from all segments, thought leaders and product experts gathering to share their vision and discuss industry and technology trends and issues.

Trustonic & Huawei disrupt application shielding market with partnership

In an industry-first innovation, Trustonic Application Protection (TAP) is enabling app developers to utilize strong security across multiple Trusted Execution Environments. Partnership announcement with Huawei demonstrates first development platform to combine software TEE for iOS and Android with multi-vendor hardware TEE capability, democratizing access to the best security available for protecting apps, services and sensitive data.

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