Samsung's Security chip to safeguard Mobile devices with Cryptocurrencies and IoT applications

Samsung Electronics introduced a Security chip and dedicated software as a standalone security solution. The solution is intended for use cases such as cryptocurrency transactions, mobile banking, and stock trading.

This standalone security solution is able to work independently from the security performance of the device’s main processor. It can also be extended to IoT applications, and other devices to meet all performance levels, notes the announcement.

The solution supports the hardware-based root of trust (RoT), secure boot, and device authentication.

Executive Opinion

Senior Vice President of System LSI marketing at Samsung Electronics, said, "In this era of mobility and contact-less interactions, we expect our connected devices, such as smartphones or tablets, to be highly secure so as to protect personal data and enable fintech activities such as mobile banking, stock trading and cryptocurrency transactions. With the new standalone security element solution (S3FV9RR), Samsung is mounting a powerful deadbolt on smart devices to safeguard private information."

Samsung's Security Solution

The security solution consists of the S3FV9RR Secure Element (SE) chip and enhanced security software. It helps in protecting the different tasks like booting, isolated storage, mobile payment, and other applications. 

The S3FV9RR secure chip is the Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified. The certification is required in mobile device use cases such as hardware cryptocurrency wallets, e-passports, etc.

S3FV9RR chip will be available in the third quarter of the year 2020.