The Electronics and Telecommunications Research Institute (ETRI) said that the chip, dubbed 'MeeMo', can protect users’ password, official authentication and other private information from cybercrimes that target smartphones.
Being 5 millimeters square it is smaller than a coin, and can be installed in Android phones. The chip can tell whether malicious code has changed data on the device.
“MeeMo realizes Mobile Trusted Module (MTM) on smartphones ...and can prevent security problems,” ETRI said in a statement.
ETRI has transferred the technology free of charge to two local smartphone security companies (they are bound by a non-disclosure agreement and can't be named), and has also patented 30 related component technologies in Korea and abroad. The research institute will work to commercialize it as soon as possible, it added.
This is a response to the many new cybercrimes targeting mobile devices, which have risen dramatically in Korea in recent years.
Source: ZDNet Korea (zdnet.co.kr)