• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Penta Security Looks to Hardware Key Storage for Cryptocurrency Protection

March 13, 2018

A Korean digital security specialist is banking on a different approach to protecting cryptocurrency with a new hardware-based wallet solution.Penta Security Looks to Hardware Key Storage for Cryptocurrency Protection

Penta Security has channeled this approach into two form factors. One looks like a smartphone, and is meant to enable users to generate cryptographic keys for cryptocurrency access, and to perform cryptocurrency transactions. The other is a kind of smart card designed to operate in conjunction with Penta Security’s mobile app. The card supports key storage and two-factor authentication featuring one-time-passwords. Both solutions are also designed to sync with smartphones, and to support PIN-based and biometric authentication.

In announcing the solutions, Penta Security explained that since cryptocurrency wallets contain not currency themselves but the cryptographic keys need to unlock digital currency holdings, most hacking thefts are based on key mismanagement. That’s why Penta Security is seeking instead to make sure that these keys never leave their wallet devices when transactions are being performed.

Penta Security isn’t the only company taking this approach to cryptocurrency security, but it does appear to be at the leading edge. And while it hasn’t set a launch date for its solutions, the company says that it is expecting to complete closed beta testing by the end of June.

Filed Under: Industry News

Related News & Articles

BBVA Embraces Selfie-Based Enrollment

Santander Chile Credits Selfie Biometrics for Rapid Ascent of Mobile Account Offering

Amazon Adds Biometric Security to Home Unlocking App

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • NordPass Enables Biometric, TOTP-secured 2FA for Business Users
  • Mastercard Solution Certified Under UK’s Digital ID Framework
  • Transatlantic Digital Traveler Identity Project Gets High-Profile Tech Partner
  • Digital Identity Tech Demo Online Event
  • Mobile ID Comes to Another US Campus

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld