The SIM authentication specialist tru.ID is expanding to Germany. The mobile network operators Telekom, O2, and Vodafone have all integrated the company’s service into their own platforms within the country, which will in turn allow businesses to use SIM authentication verify the identities of customers and employees.
According to tru.ID, the arrangement will help businesses clamp down on phishing and ransomware attacks. tru.ID is at its core a device binding service that checks to make sure that the information on a SIM card is consistent with the account information stored with the mobile operator. Once that check is complete, tru.ID will recognize the smartphone as a trusted device, and automatically encrypt all communications between that device and the corporate network that requested the check.
In doing so, tru.ID essentially turns the smartphone into a physical security token that can be used in lieu of a password. The solution allows end users to log into their accounts more quickly, while eliminating the knowledge-based credentials that fraudsters are trying to steal when they execute a phishing attack.
tru.ID security can be integrated into an existing mobile app through the use of an API. The company noted that ransomware attacks have skyrocketed during the pandemic, and that 74 percent of the attacks in Germany can be traced back to phishing emails.
“Businesses urgently need help to protect customers and employees from cybercrime,” said tru.ID Co-founder and CEO Paul McGuire. “We are excited to bring this next-generation security solution to the world and are delighted to be working with our mobile operator partners in Germany to help businesses prevent cybercrime.”
The trio of mobile operators collectively provide coverage for more than 80 million Germans, each one of whom is now a potential tru.ID user. This is the second major market that tru.ID has entered in 2022, after launching services in India earlier this year.