Objective The cost of cybercrime is rocketing—to $500 billion in 2015 according to The Economist. This is why European Commission introduced the Revised Directive on Payment Services (PSD2) to implement strong two-factor authentication for payments before 2018.There are already several MFA solutions on the market, however they are suboptimal - expensive to implement, slow to use and do not meet requirements for PSD2, eIDAS and modern EC-funded approaches to crypto libraries. Notakey allows banks to implement a strong and scalable multi-factor authentication. The technology is made in a way that it can easily be implemented also in other industries, where there is need for protecting sensitive data. Keywords cybersecurity authentication Programme(s) H2020-EU.3.7. - Secure societies - Protecting freedom and security of Europe and its citizens Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-13-2016-2017 - Engaging SMEs in security research and development Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator SIA NOTAKEY Net EU contribution € 50 000,00 Address GANU IELA 3-12 1010 Riga Latvia See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Latvija Latvija Rīga Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
