LOS ANGELES, Aug. 15, 2017 /PRNewswire/ -- Licel
(https://licelus.com) Corporation, the technology leader in the
Android Security and Java Card fields, announces the launch of the
DexProtector (https://dexprotector.com) Crypto Module. Oriented to
the market of mobile payment and wallet applications, financial
technology companies creating Android applications can quickly
immunize them with the DexProtector Crypto Module to deliver
unbreakable security crucial to pass certification from the world's
major financial services corporations.
To confirm a transaction in payment card systems, secret keys
are used, which are stored either on magnetic stripes or chips. In
order to steal them, a special hardware is needed and such attacks
are hard to implement on a large scale. However, on mobile wallets
and payment applications, secret keys are vulnerable to numerous
threats.
One threat is a customer's device becoming infected with
malware. Secret keys can be stolen easily from an unprotected
application, potentially affecting millions of devices. Secret keys
and user's credentials can be compromised, resulting in billions of
fraud payments. For cryptocurrency wallets, having a private key
means that all the funds in the wallet are available to a potential
attacker.
Licel created the DexProtector Crypto Module to protect secret
keys from being stolen. It combines the standards of the world's
major payments systems on securing payments and wallets with the
cutting-edge techniques and technologies, including:
- Secure Execution Environment (SEE)
- WhiteBox Crypto, Crypto Chains, Crypto Boxes, Dynamically
Calculated Keys
- Active Runtime Application Self-Protection
When DexProtector Crypto Module is used, all the crypto
operations and transaction confirmations are made inside of the SEE
and secret keys cannot be compromised.
Almost all payment systems require a mandatory certification of
mobile applications, which allow a user to perform transactions.
DexProtector Crypto Module is embedded into your application with
no modifications in the source code – zero-cost integration,
automatically performed on the protection stage. This allows its
users to deliver the application to evaluators or certification
laboratories in a very short term, minimizing financial expenses
and accelerating the release of the final product.
DexProtector Crypto Module has implementations for all the
algorithms required for cryptocurrency wallets like Bitcoin,
Ethereum, Bitcoin Cash, Lite Coin, Dash, Monero, ZCash, and others,
thus can be easily used for its protection.
DexProtector Crypto Module provides a trusted solution to
protect mobile applications in terms of financial transactions' and
users' credential security. This solution is already used in the
largest multinational payment services corporations and financial
technology start-ups.
Press contact:
Ivan Kinash
+1.650.488.8366
172207@email4pr.com
Solution inquiries: primary@licelus.com
Investors: 172207@email4pr.com
Re-sellers: 172207@email4pr.com
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SOURCE Licel Corporation
