MOUNTAIN VIEW, Calif. and MUNICH, Germany - February 21, 2013 - Symantec (Nasdaq: SYMC), a global leader in security, backup and availability solutions, and Giesecke & Devrient (G&D), a global leader in mobile security, today announced that they have signed an agreement to collaborate on the development of protected security applications on smartphones and tablets.
The cooperation leverages the highly secure Trusted Execution Environment (TEE) on smart mobile devices. The innovative concept sees applications' sensitive components and data securely transmitted, stored and executed in a hardware protected area on the main processor of mobile devices. It helps application developers deliver products and services that meet increased security requirements without impacting flexibility and productivity.
Symantec plans to update its mobile applications so that they leverage G&D's Trusted Service Manager (TSM) and the underlying TEE to protect cryptographic keys and credentials. This integration will yield an unprecedented level of security for Symantec's mobile security apps. Symantec's first such application will be an ultra-secure version of Symantec Validation and ID Protection Service (VIP) two-factor authentication, which enables users to gain an added level of security when logging into important cloud-based services. The application is expected to be available the second half of 2013.
"This collaboration enables Symantec's products and services to deliver critical security solutions leveraging highly secure hardware components in mobile devices," said Stephen Trilling, Symantec senior vice president and chief technology officer. "We're pleased that Symantec's VIP Service will be the first to utilize this secure store to deliver additional value to our customers who use our service to give their mobile users secure access to sensitive applications and data."
"At the same time, the simple activation process makes it easy and cost effective for companies to integrate mobile protection into their IT infrastructures to meet their needs," says Wolfgang Decker, group vice president at G&D. "Our collaboration shows that flexibility and security are not necessarily mutually exclusive," Decker adds.
Symantec and Giesecke & Devrient will be demonstrating the solution to an audience of interested specialists at the Mobile World Congress at their booths, 5C85 in hall 5 and 6D70 in hall 6.
Symantec protects the world's information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment - from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.
About Giesecke & Devrient
Giesecke & Devrient (G&D) is a leading international technology provider headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of around 10,500 employees and generated sales exceeding EUR 1.64 billion in fiscal 2011. 58 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide.
Over 150 countries place their trust in G&D solutions when producing and processing their banknotes. The company primarily supplies central and commercial banks, cash-in-transit companies, and security printers with innovative technologies that render the cash cycle efficient and secure. G&D bank and SIM cards are used all over the world to make payments and telephone calls. As an end-to-end provider of smartcard and mobile security solutions, the Group develops and distributes hardware, software, and services to a client base that includes banks, mobile network operators, transportation companies, business enterprises, and original equipment manufacturers (OEMs). Governments and public authorities turn to G&D for passport, ID card, and border control systems, ensuring reliable identity verification right around the globe. For more information, please visit: www.gi-de.com
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