Korean Internet Banking Leader kakaobank Selects whiteCryption to Secure its Mobile Banking Apps
whiteCryption will Showcase its Application Shielding Technologies at Money 20/20 in Las Vegas, October 22-25 (Booth #554)
Money 20/20, Las Vegas, NV – Oct 24, 2017 —kakaobank, Korea’s leading internet bank has announced that they will use whiteCryption’s world-class application protection technology to protect its internet banking mobile apps on Android. One of the major shareholders of kakaobank is Kakao Corporation, Korea’s largest mobile messaging app provider with over 42 million users. whiteCryption is a subsidiary of Silicon Valley-based digital trust and security leader, Intertrust Technologies Corporation.
As kakaobank’s customer base has grown, so has its need to protect the mobile apps they use to conduct financial transactions. With internet banking traffic flowing through its apps, kakaobank decided to use the strongest app protection technology available to protect the software from hacking. kakaobank will use whiteCryption’s Secure Key Box product to protect cryptographic keys and keep personal data secure and private.
“Protecting our customers’ personal information and financial transactions is the most important thing to us,” said Chris Ha of kakaobank. “Since our whole banking operation depends on mobile apps as the transaction point, we sought the best app protection in the world to do this and settled on whiteCryption’s product.”
Major banks around the world use whiteCryption’s application shielding solutions. The products are also used to protect mission-critical software in cars, medical instruments and consumer apps. The products can protect virtually any software system running in a hostile environment and is especially developed for mobile and IoT devices.
“kakaobank’s forward-thinking, internet-only banking is paving the way for the future of banking in general,” said Hans Kang, Intertrust’s country manager for Korea. “We’re honored that kakaobank chose whiteCryption as their app shielding solution and look forward to protecting their apps with our superior app security.”
kakaobank is an internet-only bank, among whose major shareholders is Kakao Corporation, South Korea’s largest mobile messaging service with over 42 million users. kakaobank has nine shareholders including Korea Investment Holdings Co., Ltd., Kakao Corporation, Skyblue Luxury Investment Pte. Ltd. (affiliate of Tencent Holdings Ltd.), eBay Korea Co., Ltd., KB Kookmin Bank, and Netmarble Games.
For more information, visit https://www.kakaobank.com.
About Intertrust Technologies Corporation
Intertrust provides trusted computing products and services to leading global corporations – from mobile and CE manufacturers and service providers to enterprise software platform companies. These products include the world’s leading digital rights management, software tamper resistance and privacy-driven data platforms for AdTech, DNA storage, and IoT.
Founded in 1990, Intertrust is based in Silicon Valley, with regional offices in London, Tokyo, Seoul and Beijing. The Company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognized. Intertrust holds hundreds of patents that are key to internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing.
whiteCryption, a subsidiary of Intertrust Technologies, is a leading provider of application shielding solutions to prevent hackers from reverse engineering and tampering with code. We specialize in advanced obfuscation, runtime application self-protection (RASP), and white-box cryptography solutions for mobile apps, desktop applications, firmware and embedded applications. whiteCryption protects content for the automotive, banking/finance, healthcare, and entertainment industries.
Additional information is available at https://www.intertrust.com/products/application-shielding/