Universal security system
Three European technology companies, UK-based ARM Holdings, Amsterdam’s Gemalto, and Munich’s Giesecke & Devrient, are teaming up to create a universal security system for connected devices. Through an as-yet-unnamed joint venture, they hope to devise a common standard to secure mobile payment, banking, e-commerce and premium content transactions. The new company will aim to create a “trusted execution environment” for transient data, using ARM’s chip technology, Gemalto’s NFC security, and Giesecke & Devrient’s banking and telecoms experience with nano-SIMs. The new UK-based venture, which is subject to regulatory approval, will be 40%-owned by ARM, with Gemalto and Giesecke & Devrient taking 30% each.
Whitepapers
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