tru.ID announced that it is now integrated with mobile network operators Telekom, O2 and Vodafone, and opens 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 all sizes can now take advantage of the tremendous security at the heart of mobile networks, using the SIM card-based authentication technology already present in every mobile phone. tru.ID offers this latest innovation in authentication to help eliminate the risk of password-related security breaches, providing a unique combination of hardware-grade security combined with a seamless user experience.
A solution to cybercrime is urgently needed
With the shift to hybrid working, there has been a huge increase in cybercrime and especially ransomware, with attackers most often exploiting weak password habits and phishing user credentials.
The Hiscox Cyber Readiness 2021 report revealed that 74% of ransomware attacks in Germany occurred via phishing emails. In its 2020 Data Breach Investigations Report (DBIR), Verizon Enterprise observed that 80% of data breaches involving malicious actors used either brute force techniques or lost/stolen credentials.
The ability of criminals to exploit these password weaknesses has been a major driver of ransomware attack growth, with more than 304 million attacks in 2020 (more than 800,000 every day) and an estimated total loss for companies because of cybercrime of more than 1,000 billion dollars.
tru.ID’s SIM Authentication 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 cell phones, we don’t need to type our email and a password to log in. We are automatically connected to the mobile network because the mobile operator performs a cryptographic verification of the SIM card, silently in the background, to prove that it is valid. From this point on, all communications between the device and the network are fully encrypted.
Now, this authentication capability is made available as the 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, said, “Businesses urgently need help protecting customers and employees from cybercrime. We are excited to bring this next-generation security solution to the world and are excited to work with our mobile operator partners in Germany to help businesses prevent cybercrime.