SIM Authentication Platform tru.ID Expands to Germany, Adds Telekom, O2 and Vodafone to its Next-Generation Cybersecurity Solution
tru.ID leverages the strong cryptographic security of the mobile SIM card to deliver an innovative passwordless solution for customers and employees
LONDON & FRANKFURT, Germany–(BUSINESS WIRE)–#2FA–tru.ID (https://tru.id), the API-based mobile cybersecurity platform, today announced it is now integrated with mobile network operators Telekom, O2, and Vodafone, and opens up SIM-based authentication to businesses in Germany, adding over 80 million new users to the tru.ID network. Businesses will be able to offer customers and employees in Germany the security and ease-of-use of next-generation authentication.
By implementing tru.ID, businesses of any size can now leverage the formidable security at the heart of mobile networks, using the SIM-based authentication technology already inside every mobile phone. tru.ID delivers this latest innovation in authentication to help eliminate the risk of password-related security breaches, offering a unique combination of hardware-grade security coupled with a seamless user experience.
A solution to cybercrime is urgently needed
With the shift to hybrid working, there has been a huge rise in cybercrime and particularly ransomware, with attackers most commonly exploiting weak password habits and phishing user credentials.
The 2021 Hiscox Cyber Readiness Report(1) found that 74% of ransomware attacks in Germany occurred via phishing emails. In its Data Breach Investigations Report (DBIR)(2) 2020, Verizon Enterprise observed that 80% of data breaches involving threat actors used either brute-force techniques or lost/stolen credentials.
The ability for criminals to exploit these password weaknesses has been a significant driver in the growth of ransomware attacks, with over 304 million attacks in 2020 (over 800,000 every day)(3) and an estimated total loss to business from cybercrime of over $1 trillion(4).
SIM authentication from tru.ID is a new solution that can help businesses avoid this risk.
Next-gen SIM-based authentication – how it works and why it’s better
When we use our mobile phones, we don’t need to type our email and a password to log in. We are automatically logged onto the mobile network because the mobile operator performs a cryptographic check of the SIM card, silently in the background, to prove it is valid. From that point forward, all communication between the device and the network is fully encrypted.
Now this authentication capability is being made available as a possession factor API. Simply add the tru.ID SDK into your existing mobile app to instantly have possession factor security available to all your customers.
Paul McGuire, co-founder and CEO of tru.ID, commented: “Businesses urgently need help to protect customers and employees from cybercrime. We are excited to bring this next-generation security solution to the world and are delighted to be working with our mobile operator partners in Germany to help businesses prevent cybercrime.”
NOTES FOR EDITORS
[1] Hixcox – Hiscox Cyber Readiness Report 2021
[2] Verizon Business – Verizon Data Breach Report (2020).
[3) Statista – Ransomware attacks per year
[4] McAfee & CSIS – The hidden costs of cybercrime
[5] GSMA – The Mobile Economy
About tru.ID
tru.ID (https://tru.id) is an API-based passwordless authentication platform that leverages the cryptographic security of the SIM card to deliver highly secure, but frictionless, online user authentication to help businesses fight the growing problems of cybercrime. This transformative new solution is based on proven technology that is already deployed at scale in mobile networks and is now being made available to businesses for the first time. By using tru.ID, businesses can connect to a single API to quickly and easily enable SIM-based authentication for all their customers and employees across multiple markets. The tru.ID platform is already live in 20 countries covering 2bn+ mobile subscribers, and is rolling out globally. To find out more about tru.ID, visit https://tru.id.
Contacts
tru.ID, Media Relations: Natalie Malevsky
Email: [email protected]
