Project description
Mobile phones can fight against cybercrime
Cybercrime is a lucrative economic activity. Hackers are constantly searching for ways to penetrate simple or sophisticated security systems. As a consequence, online transactions face serious threats and new security technologies are needed for the protection of both the private and the public sector. The EU-funded StrongPIN project is a special digital access solution that transforms mobile phones into extremely secure tools. The solution is low cost and easily operable while it combines two factor authentication (2FA) methods in just one application. It offers the highest cryptography levels in mobile phones. It is hardware that is provided at a pilot stage to banks, telecommunication operators and trust service providers.
Objective
Cybercrime is becoming a booming economy, with $1.5 trillion in illicit profits. With such a lucrative business, hackers are constantly on alert to obtain information about passwords, emails, IP and bank accounts. Existing methods to authenticate the identity of a user in online transactions are twofold: 1)cheap and easy but vulnerable (e.g. passwords, pins) and 2)costly and burdensome but secure (e.g. cards, USBs, hardware tokens). Enterprises and governments alike are in direct need of new technology to fight security breach with a total $101Bn expenditure in cibersecurity protection. UBIQU presents StrongPIN, a unique and patented digital access solution, inexpensive and convient to use that converts mobile phones into ultra secure elements combining 2 factor authentication (2FA) methods in just one app. The architecture behind this authentication solution provides the highest cryptography levels in the user’s own mobile phone (ISO and NIST Level of Assurance 4) otherwise only supplied by hardware-based solutions such us smart or chip cards. Ubiqu was founded in 2010, with the mission of being the world’s best B2B partner in online data and authentication security technology. Its founder, Boris Goranov has been involved in security as a white hat hacker, since 1999. Today the team comprises 10 highly skilled cryptographers combining state of the art cryptography and biometric research, with modern engineering and IT frameworks, Ubiqu delivers deep technological innovation in authentication. We offer a novel business model of LoA 4 token as a service to banks (ING and Monyq), Telecom Operators (KPN and Connected!) and Trust Service Providers (Cleverbase) which are all in pilot stage with us. We expect to expand and reach 5m users by 2024, generating a turnover of € 10 million with StrongPIN and cumulative profits of 11M€.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences computer security cryptography
- social sciences economics and business business and management business models
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications mobile phones
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
3054 EM Rotterdam
Netherlands
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.