Ledger selects Intercede’s MyTAM service to secure Bitcoin wallets
Cybersecurity expert Intercede today announced Bitcoin security solutions provider Ledger has signed up to use MyTAM to protect its apps running on Android. By securing the wallets with the secure Trusted Execution Environment (TEE) already present on many leading devices, the app, along with data and transactions made by it, is protected against threats that may be present on the handset.
The TEE, developed by Trustonic, is a cryptographically locked, secure operating environment built into leading Android devices at the point of manufacture. By protecting Bitcoin wallets with this trusted environment, the application and related transactions are protected from malware, man-in-the-browser and other forms of software-based threats that are potentially active on devices.
Ledger provides hardware security solutions for innovative decentralised trust services – its first product, Ledger Nano, a USB smartcard-based hardware Bitcoin Wallet, is used by thousands of customers in over 60 countries. By adopting Intercede’s MyTAM service, Ledger provides a downloadable, secure and flexible hardware Bitcoin Wallet to protect users against fraud and malware attacks.
Intercede’s MyTAM service is currently used by companies supplying apps and development toolkits across a range of sectors that require access to complete end-to-end security facilities for Android apps, including e-commerce wallets, secure voice provision and enterprise-strength messaging.
Intercede CEO Richard Parris said: “Intercede is leading the way in offering the strongest security available on Android for Bitcoin wallet providers. By using MyTAM to securely load its apps in the TEE, Ledger joins the growing number of high-profile app providers using the strongest level of Android security to protect their apps and end-users’ digital assets.”
Eric Larchevêque, CEO of Ledger, added: “Providing robust security for Bitcoin wallets is Ledger’s top priority and, by partnering with Intercede, we have greatly enhanced our ability to protect consumers’ mobile transactions. By utilising the TEE through MyTAM, we have been able to save significant sums on shipping smartcards and increased our agility, as we are able to deploy test apps into a ‘professional sandbox’ for customers to thoroughly test prior to launch.”
Intercede’s MyTAM service enables organisations – such as app developers, service providers, banks and media streaming companies – to load apps into the TEE, and runs on Intercede’s established market-leading security platform, which is already used by some of the world’s largest enterprises and public sector organisations. It provides a scalable and cost-effective solution for any size of deployment, from enterprise apps with thousands of users to consumer apps with millions.