“The new venture will focus on improving security for smart connected devices by developing a Trusted Execution Environment (TEE) based on the established ARM® TrustZone® security technology. This common, secure environment for software execution will utilize advanced hardware security coupled with industry standard software interfaces, such as those from the GlobalPlatform industry association.
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Devices with a TEE will provide consumers with more secure, user-friendly experiences that simplify and speed up how they interact with their digital world. This will enable them to use their smart, connected devices more frequently to access an increasing range of applications and services in a secure way. This includes mobile payment, enterprise productivity and mobile banking applications, as well as online commerce and premium content services.”
“6.2.2 Mobile Payment
Many embedded devices are now storing a large amount of user data, including sensitive information such as synchronised email, mobile banking details, and mobile payment credentials. This user data can be protected, requiring the entry of passcode before it can be used, however once unlocked it is vulnerable to any weakness in the underlying software environment.
Migrating the data storage, data manipulation, and even the passcode entry, into the Secure world makes sense for many applications that make use of user data. While all of these use cases have subtly different assets, they all share a similar security requirements. For the purposes of this example, Gadget2008 will use mobile payment which has stricter requirements than most of the other use cases.”
