Firms seek to secure bitcoin wallets, e-commerce apps on Android
Intercede and Rivetz partner to enable software developers to integrate a security product into their apps.
Cybersecurity compay 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, according to a press release.
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, according to the announcement.
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, according to the announcement. Rivetz customers are already using these tools to secure bitcoin e-commerce platforms, benefiting 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, according to the announcement.
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."