INSIDE Secure Increases Momentum in Financial Services with Three New Major Mobile Application Security Wins

Each Company - a U.S. Bank, Insurance Company and Retailer - is ranked among the top 3 in their Industry and has selected INSIDE Secure's MatrixSSE Product

Aix-en-Provence, Sept. 23, 2015 – 

INSIDE Secure (Euronext Paris: INSD), a leader in embedded security solutions for mobile and connected devices, today announced 3 major mobile application security wins in the United States - landing a banking giant, a dominant healthcare insurance provider and one of the country's most prominent retailers - each of whom is ranked among the top 3 by revenue in their respective fields. Together, the 3 companies plan to secure over 200 mobile applications for their employees and mobile customers, which number in the tens of millions.

INSIDE Secure continues to gain momentum in the mobile applications security market, adding these new marquis customers to an already impressive list of clients which includes 4 of the 5 top U.S. banks, and many well-known international banks, including Spain's Bankinter, who all trust INSIDE Secure to secure their mobile banking & payment apps to protect their customers' personal and financial data.

Consumers around the world increasingly use mobile phone apps to interact with businesses, be it for commerce, payments or banking. Mobile retail purchases alone are expected to explode, and are expected to grow from $182 billion in 2014 to exceed $700 billion by 2018 according to Juniper Research. However, almost all apps are unsecured. They need built-in security to protect personal, enterprise, banking, money transfer, P2P & in-app payments data.

"Innovations in mobile security are designed to allow mobile application developers to maximize focus on their core competencies, and spend less time and resources on important but complex security-related tasks," said Derek Brink, vice president and research fellow, Aberdeen Group. "Unlike traditional mobile application security toolkits, these newer solutions are designed to offer the higher level of automation and integration that developers need to accelerate the delivery of secure, market-ready mobile applications."

MatrixSSE allows mobile apps to self-protect from any malicious code or malware attacks in the world of fast evolving mobile threats. Only MatrixSSE interweaves security within the application to protect it and all important account data within the application and during communication with the cloud. MatrixSSE is scalable to allow for the quick deployment of dozens of mobile apps, saving significant development time and cost.

MatrixSSE features a suite of interlocking security components that protect the overall application and all important account data securely within the application. It secures the mobile app, using advanced code obfuscation, tamper-proofing & jailbreak detection components. This is achieved through automation to allow fast and innovative development in a secure environment on devices that are lacking security.

MatrixSSE also incorporates dynamic whitebox cryptography, a new advance on legacy techniques against attacks on whitebox environments, to provide a unique whitebox for each secured application on a device. This further enhances the protection for the application encryption keys and data. This whitebox cryptography technology exceeds major payment networks security requirements, needed to facilitate secure cryptogram generation and transaction processing.

"The deals announced today solidify INSIDE Secure's leadership position as the premier company to secure apps for banking, payments and other industry verticals," said Remy de Tonnac, Chief Executive Officer, INSIDE Secure. "These new wins are the tip of the iceberg for what lies ahead in the innovation and customer adoption of our MatrixSSE product."

Additional information about MatrixSSE is available online at http://www.insidesecure.com/Products-Technologies/Mobile-Payment-and-Banking/MatrixSSE

About INSIDE Secure

Mobility, cloud computing, and increasing connections between systems, information and people are radically changing the way we live and work. The electronic connections we rely on have become critical, which means that securing these connections has become more challenging. Simple add-on security measures are no longer enough. Security measures must be built into every device, connection, and information flow from the start. They must be well integrated. And they must be convenient-not burdensome to deploy or use.

With decades of security innovation and expertise, INSIDE has become the leader in complete solutions for embedded security applications. Our hardware, firmware, middleware, software, and intellectual property work together, enabling customers to secure everything from mobile devices and transactions to payment, access, content protection and the Internet of Things. Our security expertise and innovation provide 360-degree coverage of customers security challenges, enabling us to bring the right level of security to the right challenge and add value to customers solutions.

INSIDE mobile security solutions help customers meet the challenges of mobile markets, such as providing secure Bring Your Own Device (BYOD) strategies and securing transactions across converging computing and cloud environments. INSIDE secure transaction solutions also protect payments, access, identity and assets. With INSIDE security systems on silicon, customers can embed the optimum level of security needed to deliver trusted products.

INSIDE Secure is a member of major industry standards organizations and global payment and mobility organizations. It has won numerous awards and recognition for innovation from around the world. INSIDE is publicly listed on the NYSE Euronext Paris with headquarters in Meyreuil, France and locations in 11 countries.

 Back