Friday, 04 March 2011
Giesecke & Devrient and Vodafone Turn SIM Card into Security Platform for Digital Identification
Giesecke & Devrient (G&D) and Vodafone are showcasing pilot projects for future mobile security applications at CeBIT 2011. The SIM card serves as the security element for authentication and encryption, such as gaining mobile wireless access to company networks. The key is securely stored behind the SIM card's crypto processor and is used to establish a secure connection via a VPN.
The developed concept is also suitable for numerous other applications. For instance, the SIM card can be used to encrypt all the voice and e-mail traffic on a smartphone. What's more, in tandem with near field communication it will enable cell phones to provide a secure connection to payment and entry-access systems
German Transit Authorities to Launch Joint NFC Ticketing Service
Frankfurt-based regional transit authority RMV plans to launch a joint mobile ticketing service with German national rail operator Deutsche Bahn, which could lead to a nationwide NFC-based ticketing system. The two authorities will introduce common touch point for riders to tap with their NFC mobile phones to buy tickets for both local transit and long-distance travel.
Both RMV and Deutsche Bahn have been running NFC pilots for more than three years. With a range of NFC phones now expected on the market later this year, the authorities believe it is time to merge their two e-ticketing systems for passengers to purchase tickets on their mobile phones.
The two authorities will start with a common NFC touch point, which riders will be able to tap to buy tickets over the mobile network. The touch points will based on RMV's "ConTag," which are NFC tags encased in plastic disks and posted at transit stops.
The common touch points will be installed in RMV and Deutsche Bahn stations in the Frankfurt area. Plans call for expanding the touch points over the next two years to the wider German state of Hesse, said RMV. The joint service is expected to begin in the fall.
RMV coordinates regional and suburban trains, along with metro, bus and tram services provided by transit operators in the Rhine-Main region in Hesse. Ultimately, German transit authorities hope to offer interoperable mobile ticketing nationwide
BioID Announced World's First Biometric Authentication as a Service
BioID, one of Europe's leading biometric security companies, has announced the world's first Biometric Authentication as a Service (BaaS), a multimodal biometric service on demand that provides an easy to use, fast and secure biometric authentication without the hassles and risks of user IDs and passwords. The technology revolutionises online authentication and digital identity management for consumers, businesses and government organisations worldwide.
BioID verifies the identity of a user by means of advanced multimodal biometric recognition techniques (face, iris, voice, or any combination of the three) instead of user IDs and passwords. Biometric traits provide a strong, unique link between a person and his or her digital identities, because human characteristics such as face, iris and voice cannot be forged, lost, shared or stolen.
BioID's Authentication Service provides biometric web "single sign-on" (SSO) based on "OpenID" and other federated identity systems. OpenID is an internet-scale identity system with over one billion user accounts and widely supported by leading companies such as Google, Facebook, Yahoo, Microsoft, AOL, MySpace, France Telecom, Novell, Sun, Telecom Italia, etc.
BioID's Biometric Authentication Service addresses two key security concerns - privacy and phishing attacks. BioID is a user-managed identity service enabling biometric authentication. Users decide which information to share with whom and for how long. Users can stop information sharing anytime with sites they no longer trust. BioID's unique multimodal biometric technology requires users to participate throughout the authentication process and hence reduces the risk of "man-in-the-middle" attacks.
BioID can be used on thousands of websites.
Telit Wireless Acquires Motorola's M2M Modules Business Unit for $23 Million
Telit Wireless Solutions has taken over Motorola Solutions' M2M modules business unit, and Motorola Solutions' associated employees have joined Telit. All existing Telit and Motorola products will be maintained and available as originally planned by the separate entities. Telit will continue to support and develop all products as needed, including the G24 family, G24-Light, G30 and C24.
The acquisition brings Telit's consolidated pro forma revenues to approximately $180 million in 2010. This is equivalent to a pro forma market share of approximately 20% based on the current market analysis by Beecham Research (Beecham Research Market Brief: Worldwide Cellular M2M Modules Forecast, August 2010).
The transaction has a value of $23.0 million. An additional $3.0 million will be spent on inventory in relation to the newly-acquired product line over the coming months. Telit financed the transaction by placing approximately 24 million new Shares to raise 19.0 million-pound (before expenses). The new shareholder structure lists Boostt B.V. Group (19.8%), Algebris Investments (22.1%), Idea Capital (9.3%), Sapfi Kapital Management GmbH (5.5%), Herald (4.9%), Greylock Partners (4.3%), Sherman Capital (4.1%), Rathbone (3.9%) and Kairos Partners (3.6%) as the most significant shareholders.
Currently, Telit is in the final stage of transferring all Motorola M2M activities to the global Telit organisation. The Telit infrastructure will assume logistical and technical support of all clients without any delay.
Square Processing Over $1 Million a Day in Mobile Payments
The revolutionary 'Square' is now processing more than $1,000.000 a day according to Jack's twitter yesterday. This comes after the company announced the withdrawal of its 15c fee.
Co-founded by Jim McKelvey and Jack Dorsey, Square enables anyone to accept credit cards anywhere via a credit card reader that plugs into a phone or iPad.
Smart Card Alliance Submits Comments to ONC: Multi-Factor Authentication
The requirement for strong, multi-factor authentication needs to be incorporated into Stage 2 of Meaningful Use in order to adequately protect identities, networks and information systems, the Smart Card Alliance says in a statement submitted to the Office of the National Coordinator (ONC) for Health Information Technology.
The Smart Alliance submitted its comments to the ONC, U.S. Department of Health and Human Services, on February 24, 2011, in response to the Health IT Policy Committee's Request for Comment - Stage 2 Definition of Meaningful Use of Electronic Health Records (EHRs).
With the weak username and password authentication that is in place today, personal health information will be at serious risk; for example, tabloids could gain access to a celebrity's health information, or a political candidate's health information could be used against them by the competing party. High profile citizens aren't the only ones at risk; the average person's employment, insurance eligibility, and community status could be affected if their health information is compromised. Once information is disclosed, it cannot be made private again.
With the nation's health IT infrastructure is in a fledgling state, the ONC should require multi-factor authentication solutions based on smart card technology that have been proven to thwart hackers and provide very high confidence that the person requesting access to a network or an individual health record is who they claim to be.
"Multi-factor authentication based on smart card technology provides an ideal foundation for improving the security and privacy of health information systems and electronic health records," said Randy Vanderhoof, executive director of the Smart Card Alliance.
iView Systems and Cognitec Become Technology Partners
iView Systems, a leading provider of loss prevention solutions for the security and surveillance environment, announced of its' partnership with Cognitec, a leader in biometric facial recognition technology.
iView's modular iGWatch IP platform delivers seamless integration of Cognitec's face recognition engine - FaceVACS(R). Cognitec's software experts have been developing face recognition technology since 1995.
iView's integrated suite of security and surveillance software solutions assist not only by increasing productivity, but also in reducing the associated losses and managing risk by the rapid identification of individuals involved in loss, threat creation and other specific activities. Facial recognition is another layer that can help enhance security operations in areas where it is important to verify the identity of people entering or leaving a facility.
The iGWatch IP Facial Recognition System delivers automated, active, real time surveillance and identification solution providing event driven alerts based on individuals under watch or excluded status. This biometric solution replaces manual systems such as operator comparison of surveillance subjects to "mug" books, while automating database searches against the iTrak subject information module.
The iGWatch IP System generates colour coded operator alerts with a match confidence level and presents both the live and stored database images, enabling the operator to make the final identification decision. The iGWatch IP alerts are completely configurable to the level of detection and identification desired by means of the alert confidence level.
Hypercom Reports Full Year 2010 Revenue of $468.4 Million
Hypercom Corporation, the high security electronic payment and digital transactions solutions provider, announced financial results for the three months and full year ended December 31, 2010.
Net revenue for the three months ended December 31, 2010 was a record $140.7 million, representing a 20% increase compared to $117.4 million for the fourth quarter of 2009. The increase was driven by strong year-over-year revenue growth in Asia-Pacific (63%), Southern EMEA (24%) and the Americas (15%). Fourth quarter 2010 revenue was up 12% sequentially over $125.1 million in the third quarter, driven by growth in Northern EMEA (25%), Asia-Pacific (16%) and Southern EMEA (13%). On a constant currency basis, revenue increased 23% over the prior-year period and 9% over the third quarter of 2010.
Gross profit for the three months ended December 31, 2010 increased to $48.1 million or 34.2% of revenue from $36.8 million or 31.3% of revenue in the fourth quarter of 2009, and $40.1 million or 32.1% of revenue in the third quarter of 2010. Gross profit percentages for the three months ended December 31, 2010 for product gross profit and service gross profit were 36.6% and 26.4%, respectively, compared to 34.1% and 24.7% in the fourth quarter of 2009 and 34.0% and 25.4% in the third quarter of 2010. Product gross margins increased due to higher volume and more favourable product mix.
Non-GAAP gross profit for the three months ended December 31, 2010 was $48.8 million or 34.7% of revenue, compared to $38.1 million or 32.4% of revenue in the fourth quarter 2009, and $40.7 million or 32.5% of revenue in the prior quarter. Non-GAAP gross profit excludes the effect of items such as restructuring costs, amortisation of purchased intangibles and stock-based compensation. Non-GAAP gross profit percentages for the three months ended December 31, 2010 for product and service gross profit were 36.7% and 27.7%, respectively, versus 34.1% and 26.6% in the prior-year period and 34.1% and 26.7% in the third quarter of 2010.
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