TIDMIGP
Intercede Group PLC
26 February 2015
Intercede Group plc
PRESS RELEASE
February 26, 2015
Rivetz chooses Intercede's MyTAM service to secure Bitcoin
wallets and e-commerce transactions
Intercede loads Rivetz apps into the cryptographically-secured
Trusted Execution
Environment built into leading Android handsets
Lutterworth, UK/Boston, MA - Cybersecurity expert Intercede
today announced that app development toolkit provider Rivetz has
signed up to its MyTAM service to protect customers' Bitcoin
wallets, e-commerce apps and messaging services on the Android
platform. By loading an app into the secure Trusted Execution
Environment (TEE) already present on many leading devices, the app,
along with data and transactions made by it, is protected against
threats that may be present on the handset.
The Trustonic TEE is a cryptographically locked, secure
operating environment built into many leading Android devices at
the point of manufacture. It protects applications and their
associated content from malware, man-in-the-browser and other forms
of software-based threats that are potentially active on
devices.
By adopting Intercede's MyTAM service, Rivetz's development
toolkit provides app developers with a simple-to-integrate tool for
the storage, use and protection of private keys in the TEE. Rivetz
customers are already using these tools to secure Bitcoin
e-commerce platforms, benefitting from a model where security is
built in. The Rivetz toolkit provides protection of the private
keys and full use of the Trusted User Interface for the wallet
apps. This end-to-end protection of transactions offers users the
assurance that mobile transactions with cryptocurrency are
secured.
The security of mobile banking and financial services is of
great concern to the public, with an Intercede survey of 2,000 UK
consumers in 2014 finding that 53 percent would never use mobile
banking services due to a perceived lack of security.
Intercede CEO Richard Parris said: "Intercede is leading the way
in enabling developers to protect their apps, and transactions made
by them, on the Android platform. By using MyTAM to secure Bitcoin
wallets in the TEE, Rivetz offers peace of mind to customers who
are concerned about cyber- criminals stealing their Bitcoin
assets."
"As this deployment illustrates, the MyTAM service is enabling
Intercede to expand into new sectors, such as payments, that offer
potentially significant growth opportunities."
Steven Sprague, CEO of Rivetz, added: "By teaming up with
Intercede and Trustonic to take full advantage of the TEE, we are
offering our customers the opportunity to leverage the most
advanced cybersecurity tools available to protect their services
and offer end users a simple to use and very safe environment for
e-commerce, messaging and storage."
Intercede's MyTAM service enables organisations - such as app
developers, service providers, banks and media streaming companies
- to load apps into the TEE, and runs on Intercede's established
market-leading security platform, which is already used by some of
the world's largest enterprises and public sector organisations. It
provides a scalable and cost-effective solution for any size of
deployment, from enterprise apps with thousands of users to
consumer apps with millions.
About Intercede:
Intercede is a software and service company specialising in
identity, credential management and secure mobility. Its solutions
create a foundation of trust between connected people, devices and
apps and combine expertise with innovation to provide world-class
cybersecurity.
Intercede has been delivering solutions to high profile
customers, from the US and UK governments to some of the world's
largest corporations, telecommunications providers and information
technology firms, for over 20 years.
Intercede's MyID software is an identity and credential
management system that enables organisations to create and assign
trusted digital identities to employees, citizens and machines and
in turn allows secure access to services, facilities, information
and networks. MyID adheres to international standards, while
remaining simple enough to be deployed onto consumer devices such
as smartphones, tablets and other devices in the Internet of
Things.
In 2015 Intercede launched MyTAM; enabling trusted applications
to be loaded into a mobile device's Trusted Execution Environment
(TEE), providing hardware-level security for Android apps. The
cloud-based service provides a cost-effective and convenient way
for developers and corporations to protect their apps and users'
sensitive data.
For more information visit: www.intercede.com
About Rivetz
Rivetz Corp. is focused on solving problems associated with
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
About Trustonic
Trustonic integrates hardware-level security and trust directly
into the devices through which we access today's connected world.
Trustonic simplifies user experiences in everything from mobile
shopping and Internet banking to entertainment to collaborating in
the workplace.
Trustonic technology is embedded in over 350m smart connected
devices, and partners with market leaders such as Samsung,
Qualcomm, Symantec, Gemalto and Good Technology. To learn more
about Trustonic and how it's making your connected world a better
place visit us at www.trustonic.com
ENQUIRIES
Intercede Group plc Tel: 01455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
finnCap Ltd Tel: 020 7220 0500
Stuart Andrews, Corporate Finance
Joanna Weaving, Corporate Broking
This information is provided by RNS
The company news service from the London Stock Exchange
END
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