Go to content Phone human-readable description of the message we trying to accomplish. Search human-readable description of the message we trying to accomplish. Map pin human-readable description of the message we trying to accomplish.

Partnership will protect Bitcoins from malware theft on Android and other ARM TrustZone-enabled platforms

New York / LONDON, July 1, 2014 (BUSINESS WIRE) — Security innovator Rivetz (www.rivetz.com) today announced it was joining the Trustonic developer program to create the first, state-of-the-art embedded protection for Bitcoin wallets on mobile devices. The first products with this combined powerhouse technology are expected in Q4 2014.

The rapid rise in use of Bitcoin on mobile devices has fueled the increase in malware, key-loggers and targeted attacks designed to steal Bitcoins. Users expect a built-in, seamless, simple and safe experience for transactions on their devices. Using the Trustonic ‹t™-base Trusted Execution Environment (TEE), Rivetz is addressing these concerns and expectations. <t-base is a hardware-isolated security platform that protects user’s data and application integrity on Android smartphones and other ARM-powered devices.

Rivetz will use the <t-base-enabled features in smart devices to protect the use and storage of Bitcoins. Hardware isolation for cryptography, a trusted user interface for protection of PINs, secure display of transaction data, and a fast processing environment will enhance the performance, safety and integrity of instructions to the blockchain.

Rivetz will enhance its Bitcoin wallet security by integrating a standard API with a “Trusted App” executing on the <t-base TEE. The Trusted App will use Rivetz Bitcoin instruction technology for access by all wallet providers, including features for online wallets. <t-base will provide secure storage of users’ private keys and secure processing of Bitcoin instructions, including secure input of PINs and other authentication data. The API will enable any third-party wallet provider to benefit from the protections embedded in <t-base-enabled devices, independent and irrespective of operating system integrity.

Trustonic <t-base is already integrated in over 250 million smart devices and builds trust directly into the heart of a device. This provides a great opportunity for people to have a simple, fast and safe way to use cryptocurrency on the devices they already own.

“<t-base TEE technology is one of the most powerful tools available to combat globalfinancial cyber fraud,” said Steven Sprague, Rivetz’s CEO “It presents a unique opportunity to marry secure devices with modern crypto-based currencies and address the nagging security challenges that threaten to hold back adoption. We believe that it is now possible to meet consumers’ need for simple, safe transactions and the emerging demand for hardware-based protection of financial transactions. Our partnership with Trustonic will provide a critical piece to enhance the adoption of Bitcoin globally.”

“All money transfer systems need security and Bitcoin is no different,” said Ben Cade, Trustonic’s CEO “The more security, the better the user experience. We are excited to see Rivetz use <t-base to secure Bitcoin, and by making Bitcoin simpler, faster and safer to use, Rivetz will accelerate mainstream adoption.”

DApps Fund managing director David Johnston added, “Rivetz brings a fresh new approach and an experienced team to address end-users’ security concerns around cryptocurrency. The leveraging of the built-in security in over 250 million smart devices will help users securely interact with Bitcoin and other decentralized applications.”

About Rivetz

Rivetz Corp. is a new startup focused on improving 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

Related content

The Benefits of Trusted User Interface (TUI)

Trusted User Interfaces (TUIs) are the next big thing for securing critical mobile apps. The Trusted User Interface feature allows a Trusted Application to interact directly with the user via a common display and touch screen, completely isolated from the main device OS.


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.



Trustonic + Lookout – Advanced Mobile Security for Banking & Fintech Apps

The need for in-app protection for critical mobile apps is greater than ever. The partnership between Lookout and Trustonic brings together two of the most robust app security platforms on the market, delivering the advanced security and protection required by banks and fintechs wishing to offer PSD2-compliant services and Strong Customer Authentication (SCA) requirements.

All Financial Services posts
Back to top