Mobile operators are facing mounting pressures on revenue and margins, while increasing investment in 5G rollouts as well as balancing a complex regulatory environment. Mobile devices are increasingly valuable, and there is a growing requirement for subsidies and funding; the devices themselves are also target for theft and fraudulent activity. Critically, this strategic partnership results in a premium solution which allows mobile operators to improve financial performance by preventing fraud across the device portfolio, while increasing revenues through device financing, protecting device subsidies and growing their subscriber base.
“This is a critical partnership that meets the demands of our mobile operator customers,” commented Dion Price, CEO Trustonic. “As the choice in smartphones increases, so does the need for secure device financing solutions. Trustonic’s solution provides mobile operators the opportunity to increase adoption of device financing options across Samsung’s smartphones within their Android portfolio.”
Trustonic’s solution provides a single cloud platform that supports multiple use cases from hardware (TEE*) backed device lock, securing devices in the supply chain to device financing for mobile operators. The platform puts control and management of the solution into the hands of the mobile operator. It is used by some of the world largest mobile operators and manages over 70m devices and counting.
Samsung Knox provides a combination of a proven security foundation built into Samsung devices and mature suite of solutions leveraging this platform. It is built into Samsung devices, securing them from the moment you unpack and turn them on. It provides multi-layered hardware and software security features that are always enabled.
Notes to Editors
Trustonic’s platform ensures device financing solutions are easy to deploy, and within the reach of more customer globally, whilst ensuring mobile operators can protect their investment from revenue losses as a result of fraud. As a world’s leading cyber security business our technology platforms help secure applications, protecting users, data and privacy as well being used to secure automobiles and smartphone devices.
*Trusted Execution Environment (TEE)
A TEE is a hardware-based security enclave of the main processor in a smart phone (or any connected device) that ensures sensitive data is stored, processed and protected in an isolated, trusted environment. The TEE’s ability to offer isolated safe execution of authorised security software, known as ‘trusted applications’, enables it to provide end-to-end security by enforcing data protection, confidentiality, integrity and access rights and interfacing securely with end-users. The TEE offers a level of protection against mass scale attacks originated from the main Rich OS environment.