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-2013-6306
Published: 2014-08-22
Unspecified vulnerability on IBM Power 7 Systems 740 before 740.70 01Ax740_121, 760 before 760.40 Ax760_078, and 770 before 770.30 01Ax770_062 allows local users to gain Service Processor privileges via unknown vectors.

CVE-2014-0232
Published: 2014-08-22
Multiple cross-site scripting (XSS) vulnerabilities in framework/common/webcommon/includes/messages.ftl in Apache OFBiz 11.04.01 before 11.04.05 and 12.04.01 before 12.04.04 allow remote attackers to inject arbitrary web script or HTML via unspecified vectors, which are not properly handled in a (1)...

CVE-2014-3525
Published: 2014-08-22
Unspecified vulnerability in Apache Traffic Server 4.2.1.1 and 5.x before 5.0.1 has unknown impact and attack vectors, possibly related to health checks.

CVE-2014-3563
Published: 2014-08-22
Multiple unspecified vulnerabilities in Salt (aka SaltStack) before 2014.1.10 allow local users to have an unspecified impact via vectors related to temporary file creation in (1) seed.py, (2) salt-ssh, or (3) salt-cloud.

CVE-2014-3587
Published: 2014-08-22
Integer overflow in the cdf_read_property_info function in cdf.c in file through 5.19, as used in the Fileinfo component in PHP before 5.4.32 and 5.5.x before 5.5.16, allows remote attackers to cause a denial of service (application crash) via a crafted CDF file. NOTE: this vulnerability exists bec...

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Three interviews on critical embedded systems and security, recorded at Black Hat 2014 in Las Vegas.