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.”