Samsung provides Knox security to Korean financial association

Summary:Samsung Electronics is to supply its Knox enterprise security solution to a major South Korean finance association reports ZDNet Korea's Jaehwan Cho.

The world's largest smartphone maker says it will supply 3,000 Galaxy Note 10.1 2014 edition devices with Knox pre-installed to The Credit Finance Association of Korea, a non-profit organization specializing in credit finance in South Korea. This is the first time Samsung has provided its much-touted security platform to a Korean financial business.

Samsung said "Knox keeps hardware and apps secure by using our TrustZone, a system which includes customer authorization and encryption information."

samsung-knox_1

Financial authorities here expect Knox to provide keyboard security during banking transactions. They also forecast cost-efficiency gains as they don't need to invest in additional security solutions.

Knox is essential to the association's security requirements as it has recently transitioned member information from paper to digital.

A Samsung spokesman told ZDNet Korea: "The main role of Knox is to enhance mobile security and block leaks of personal information."

He said the company will continue to increase local partnerships, but declined to name who it was in talks with.

As of February 2014, according to Samsung, there are more than 25 million Knox pre-installed devices worldwide, and about 1 million users are currently using Knox. 

Topics: Mobility, Korea, Samsung

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