Sensor-based IoT Transactions Made Safe with Security First's SPx
WASHINGTON, DC: There shall be an enormous escalation in the number of sensor-based IoT transactions in the upcoming decade. This will arouse a lot of security and data concerns because of the sensitivity of the information exchanged. Gentag, provider of ultrathin wearable biosensors for Near Field Communication (NFC) devices and California-based Security First formed a pact to secure NFC and sensor transactions for the Internet of Things (IoT). They plan to leverage Security First’s patented cryptographic splitting technology called SecureParser extended (SPx). The combination of expertise from both the companies elevates the security standards for cell phone NFC or Bluetooth-based sensor transactions.
Securing NFC and other IoT sensor solutions for personal identification, contactless payments, healthcare, fitness, and home applications will be easier due to multi-factor secret sharing with SPx. Diabetes monitoring, smart medication, nutrition, fitness, and authentication are some of the applications. It is the most effective way of protecting and controlling access to any data. Moreover, it is certified by the government to protect the highest level of classified data. Dr. John P. Peeters, President and CEO, Gentag remarked, "By encrypting at the level of the sensor or ASIC, optimal security is assured."
Security First’s cryptographic splitting technology offers prime components of data security, confidentiality, integrity, and availability in a single package. It can be embedded directly into the sensors, or overlaid with existing Android NFC reader. The technology splits the data into secure shares, authenticates the same, and finally transmits those shares as unreadable pieces to be stored in multiple locations. "Safeguarding patient data is a top concern for the medical devices industry. Now with the addition of SPx technology in Gentag products, users can rest assured that the information gathered is protected," said Mark O'Hare, President and CEO, Security First.