Banking Security in the IoT
The wide deployment of IoT devices and the pressure of time to market of device development have raised security and privacy concerns. Currently there is no basic level, no level zero defined for the security and privacy of connected and smart devices. There are also no legal guidelines for trust of IoT devices and services and no precautionary requirements in place.
The IoT world suffers also of the “basket of remotes” problem since there are hundreds of applications to interface with hundreds of devices that don’t share protocols for speaking with one another.
Based upon our well proven expertise and technology in security payment transactions we have launched a new division within AUSTRIACARD with the sole objective of transfering payment security on the IoT.
Our value proposition comes under the name of the Nautilus Platform.