Ledger Selects MyTAM Service to Secure Bitcoin Wallets

By   ISBuzz Team
Writer , Information Security Buzz | May 03, 2015 05:05 pm PST

MyTAM allows Ledger to protect Android wallets and transactions from
malware present elsewhere on the device

Secure Bitcoin WalletsCybersecurity expert Intercede announced Bitcoin security solutions provider Ledger has signed up to use MyTAM to protect its apps running on Android. By securing the wallets with 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 TEE, developed by Trustonic, is a cryptographically locked, secure operating environment built into leading Android devices at the point of manufacture. By protecting Bitcoin wallets with this trusted environment, the application and related transactions are protected from malware, man-in-the-browser and other forms of software-based threats that are potentially active on devices.

Ledger provides hardware security solutions for innovative decentralised trust services – its first product, Ledger Nano, a USB smartcard-based hardware Bitcoin Wallet, is used by thousands of customers in over 60 countries. By adopting Intercede’s MyTAM service, Ledger provides a downloadable, secure and flexible hardware Bitcoin Wallet to protect users against fraud and malware attacks.

Intercede’s MyTAM service is currently used by companies supplying apps and development toolkits across a range of sectors that require access to complete end-to-end security facilities for Android apps, including e-commerce wallets, secure voice provision and enterprise-strength messaging.

Intercede CEO Richard Parris said: “Intercede is leading the way in offering the strongest security available on Android for Bitcoin wallet providers. By using MyTAM to securely load its apps in the TEE, Ledger joins the growing number of high-profile app providers using the strongest level of Android security to protect their apps and end-users’ digital assets.”

Eric Larchevêque, CEO of Ledger, added: “Providing robust security for Bitcoin wallets is Ledger’s top priority and, by partnering with Intercede, we have greatly enhanced our ability to protect consumers’ mobile transactions. By utilising the TEE through MyTAM, we have been able to save significant sums on shipping smartcards and increased our agility, as we are able to deploy test apps into a ‘professional sandbox’ for customers to thoroughly test prior to launch.”

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:

IntercedeIntercede 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 Ledger

Ledger The Bitcoin security companyLedger is a French startup which develops and provides hardware and software Bitcoin security solutions. After the launch of its first product in December 2014, the Ledger Wallet Nano, and sales in more than 60 countries, Ledger has developed its range of security products, in particular with the addition of the compatibilities of Near Field Communication (NFC) and Bluetooth Low Energy (BLE), as well as a version dedicated to the Trusted Execution Environment (TEE).Founded few months ago, Ledger has 15 employees, offices and a showroom in the Parisian «Silicon Sentier », a production facility in French Région Centre, and an office in San Francisco.

Corporate website www.ledger.co / commercial website www.ledgerwallet.com

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About Trustonic

TrustonicTrustonic 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.For more informatin visit here  www.trustonic.com

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