Layers // December 2024
Welcome to Layers; the newsletter from Licel that shares the latest insights and developments about mobile channel security.
Here's what's coming up in this edition:?
The only TEE of any kind currently evaluated and approved by EMVCo.
Licel's groundbreaking Virtual Trusted Execution Environment has now been evaluated and approved by EMVCo for both Android and iOS.
The Licel vTEE is already helping to make digital transactions and operations much more simple, seamless, and secure. Innovative mobile payment and SoftPOS solutions are using it to run Trusted Applications in an isolated and secure execution environment.?
This dual-platform approval means that developers can now confidently use Trusted Applications for Android and iOS. The vTEE is a peace-of-mind enabler that allows them to get on with creating and enhancing innovative solutions without worrying about security.
Getting our vTEE evaluated and approved for both Android and iOS in less than a year is a special achievement. I'm excited about the ways it can help to enable growth for innovative applications in the future. ?
Ivan Kinash - Licel co-founder and CEO
What is a Trusted Application?
We just referenced the Licel vTEE enabling developers to run Trusted Applications securely. But what is a Trusted Application?
Sometimes we refer to the concepts of the trusted world and the untrusted world. The main idea of trusted execution is to separate the execution environment between these two worlds. Or, put another way, it's about bringing security to untrusted devices.?
Our latest article is a deep dive into these concepts. We also explain why Trusted Applications are set to be so important in the future of mobile channel security.
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How mobile malware spreads.
The map of India above might bring back memories of infographics that were hard to miss in 2020, highlighting how Covid-19 was rapidly spreading across the globe.
But this map is showing us how a different kind of virus spreads. Like a biological virus, mobile malware can spread incredibly quickly, aided by phishing campaigns and social engineering made more convincing by AI.
We recently took data from our own threat intelligence solution, Alice, to explore one specific form of malware to see how it spread across India. You can read about it (and find out how to stop malware like this) in the article below.
The key mobile channel security trends to look out for.
The end of the year is approaching, and our thoughts are turning to 2025 and the challenges and opportunities the new year might bring. Licel CEO, Ivan Kinash, sat down to reflect on some of the security trends of this past year and to look to the future.?
In his LinkedIn article, he explains how seemingly unique themes such as Apple opening up its ecosystem, the uptake of mobile banking and mobile wallet apps, and the integrity of AI entities, are actually connected. And he offers his take on how we can keep the mobile channel secure in 2025. ?
Thanks for reading this edition of Layers.?
From all of us at Licel, we'd like to wish you all the best for this holiday season, and a very happy new year! We'll see you in 2025.?