Risk
12/13/2012
12:43 PM
Connect Directly
RSS
E-Mail
50%
50%

In-Q-Tel Invests In Secure Smartphone Technology

Tyfone specializes in hardware, software for improved security in mobile and cloud environments.

IW500: 15 Top Government Tech Innovators
IW500: 15 Top Government Tech Innovators
(click image for larger view and for slideshow)
In-Q-Tel, the investment company affiliated with U.S. intelligence agencies, has signed a technology development agreement with Tyfone, a company that specializes in secure identity and transaction capabilities for mobile phones.

Based in Portland, Ore., and with an office in Bangalore, India, Tyfone has 50 patents issued or pending in the areas of mobile wallet security, authentication, secure near-field communications and related solutions. Its customers include credit unions, which use the technology to enable mobile banking. Other applications include mobile loyalty programs, ID management and contactless payments on smartphones.

The vendor employs a combination of mobile-transaction software, microSD memory cards and near-field communications to enable secure transactions. Near-field communications allow for device-to-device file transfers. Tyfone's products include a mobile wallet called iCashe.

[ USAID launches a challenge to develop Web and mobile tech for better governance in Asia and Africa. Read about it at $45 Million Open Government Challenge Stresses Mobile Tech. ]

Jay Emmanuel, an In-Q-Tel technology VP, said Tyfone's technology could potentially be used to address "a wide range of complex government and commercial secure identity challenges."

In-Q-Tel seems especially interested in how Tyfone's technology might be used to secure identities and transactions in cloud computing environments. "Cloud services have created significant central points of vulnerability," In-Q-Tel said in a written statement on its partnership with Tyfone. Smartcard-enabled mobile devices can add a layer of secure access to cloud services and networks, In-Q-Tel added.

Tyfone's mobile software has processed over 7 million financial transactions, CEO Siva Narendra said in a statement on the deal. In-Q-Tel also made an investment in Tyfone for an undisclosed amount.

In-Q-Tel supports development of technologies on behalf of the CIA, Homeland Security and other federal agencies. The deal with Tyfone is the 18th tech agreement announced by In-Q-Tel this year.

Federal guidelines call for a move to virtualized environments, yet little funding exists to make that happen. Without a mandate, it may take decades to finish the job. Also in the new, all-digital Server Virtualization issue of InformationWeek Government IT Trends: Our survey shows no progress in using shared clouds within federal government, but there's growing interest in using commercial cloud services and running private clouds. (Free registration required.)

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Flash Poll
Current Issue
Cartoon
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-0607
Published: 2014-07-24
Unrestricted file upload vulnerability in Attachmate Verastream Process Designer (VPD) before R6 SP1 Hotfix 1 allows remote attackers to execute arbitrary code by uploading and launching an executable file.

CVE-2014-1419
Published: 2014-07-24
Race condition in the power policy functions in policy-funcs in acpi-support before 0.142 allows local users to gain privileges via unspecified vectors.

CVE-2014-2360
Published: 2014-07-24
OleumTech WIO DH2 Wireless Gateway and Sensor Wireless I/O Modules allow remote attackers to execute arbitrary code via packets that report a high battery voltage.

CVE-2014-2361
Published: 2014-07-24
OleumTech WIO DH2 Wireless Gateway and Sensor Wireless I/O Modules, when BreeZ is used, do not require authentication for reading the site security key, which allows physically proximate attackers to spoof communication by obtaining this key after use of direct hardware access or manual-setup mode.

CVE-2014-2362
Published: 2014-07-24
OleumTech WIO DH2 Wireless Gateway and Sensor Wireless I/O Modules rely exclusively on a time value for entropy in key generation, which makes it easier for remote attackers to defeat cryptographic protection mechanisms by predicting the time of project creation.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Sara Peters hosts a conversation on Botnets and those who fight them.