Trustonic and Samsung have joined forces in an effort to strengthen the security of the latter’s various mobile offerings. Through the strategic partnership, the two companies will combine Trustonic’s single cloud platform and Trusted Execution Environment with Samsung’s Knox security platform, which is already embedded on Samsung devices.
The goal is to protect the integrity of the device supply chain and mitigate the dual threats of theft and fraud. Trustonic notes that mobile devices have become more expensive in recent years, so many consumers need subsidies in order to afford them. The alliance will allow mobile operators to generate revenue through those financing arrangements, and to lock devices remotely if someone misses a payment or if the device is lost or stolen.
“As the choice in smartphones increases, so does the need for secure device financing solutions,” said Trustonic CEO Dion Price. “Trustonic’s solution provides mobile operators the opportunity to increase adoption of device financing options across Samsung’s smartphones within their Android portfolio.”
The news comes shortly after Trustonic renewed its device security partnership with LG. Samsung, meanwhile, recently announced that it will be relying on Knox encryption to secure financial transactions made with the new mobile debit card that it is developing in collaboration with Mastercard.