Civic, a digital identity verification providers, has joined Rivetz in partnering with Telefónica’s cybersecurity unit, ElevenPaths.
Civic will integrate its solutions with the cybersecurity architecture developed by Rivetz and Telefónica. This partnership will enable billions of mobile users to have a digital identity that they control and that simplifies access to global services, according to the RegTech.
“The ability to prove who you are is a fundamental human need. Our partnership with Rivetz and ElevenPaths is a massive step in putting an uncomplicated digital identity solution in the hands of mobile users, who then call the shots,” said Vinny Lingham, CEO and co-founder of Civic. “The concept of identity is rapidly changing, and we look forward to a revolutionary partnership that makes sharing and verifying identity safe and seamless.”
With Dual Roots of Trust cryptography, a user’s private key will be distributed between two independent roots of trust, or operating systems: the Trusted Execution Environment (TEE) and the carrier subscriber identity module (SIM).
The solution provides an additional layer of protection for private keys even if one of the systems is compromised. With Civic, personal information is stored locally on a mobile device, protected by biometrics and high-level encryption.
Through the integration Civic will be able to separate locally stored personal information from the user’s private key, adding an extra layer of protection.
Last month, Civic begun working with Rivetz, which develops decentralised mobile security solutions, to bring more secure identity verification to global telecom networks and mobile device manufacturers. Civic and Rivetz said they will collaborate to create digital identity and mobile security solutions that incorporate added hardware protections according to a statement.
“Trusted computing technologies are not an end by themselves, but are an opportunity to improve mobile users’ security, providing a research and innovation framework in the context of cybersecurity,” said Pedro Pablo Pérez, Telefónica Global Security VP & ElevenPaths CEO.
Rivetz provides decentralised hardware-based cybersecurity. Its security solutions hinge upon access to the TEE, which is an isolated, measured computer environment separate from the device’s operating system.
By provisioning all digital transactions through the TEE, Rivetz claims that users’ private keys cannot be altered or stolen if the operating system is tampered with or infected by malware.
Copyright © 2018 RegTech Analyst
