Risk
12/13/2012
12:43 PM
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
Video
Cartoon
Current Issue
Flash Poll
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-9651
Published: 2015-08-28
Buffer overflow in CHICKEN 4.9.0.x before 4.9.0.2, 4.9.x before 4.9.1, and before 5.0 allows attackers to have unspecified impact via a positive START argument to the "substring-index[-ci] procedures."

CVE-2015-1171
Published: 2015-08-28
Stack-based buffer overflow in GSM SIM Utility (aka SIM Card Editor) 6.6 allows remote attackers to execute arbitrary code via a long entry in a .sms file.

CVE-2015-2987
Published: 2015-08-28
Type74 ED before 4.0 misuses 128-bit ECB encryption for small files, which makes it easier for attackers to obtain plaintext data via differential cryptanalysis of a file with an original length smaller than 128 bits.

CVE-2015-6266
Published: 2015-08-28
The guest portal in Cisco Identity Services Engine (ISE) 3300 1.2(0.899) does not restrict access to uploaded HTML documents, which allows remote attackers to obtain sensitive information from customized documents via a direct request, aka Bug ID CSCuo78045.

CVE-2015-6267
Published: 2015-08-28
Cisco IOS XE before 2.2.3 on ASR 1000 devices allows remote attackers to cause a denial of service (Embedded Services Processor crash) via a crafted L2TP packet, aka Bug IDs CSCsw95722 and CSCsw95496.

Dark Reading Radio
Archived Dark Reading Radio
Another Black Hat is in the books and Dark Reading was there. Join the editors as they share their top stories, biggest lessons, and best conversations from the premier security conference.