Intrinsic-ID Wins Cyber Security & Privacy Innovation Award

EU-Backed Awards Program Champions Leadership in Cyber Security

EINDHOVEN, The Netherlands, Nov. 4, 2014 – Intrinsic-ID, a leading provider of device-unique security solutions, won an EU-backed Cyber Security & Privacy Innovator award from IPACSO. IPACSO is a pan-European consortium comprised of a diverse range of industry, academic, R&D and policy-making experts collaborating to spur innovation and market opportunities in the areas of privacy and cyber security.

Intrinsic-ID was awarded the Privacy or Cyber Security Innovator award for its ground-breaking work providing device-unique security solutions based on its patented Hardware Intrinsic Security™ (HIS) technology. This technology is now available as the Saturnus® Security Framework, an Application Programming Interface (API) for developers of secure mobile applications.

“Cyber Security is one of the fastest growing technology sectors worldwide, which is why IPACSO is supporting innovators in this important field to help improve their practices and widen their reach,” said Mr. Ulrich Seldeslachts, CEO of LSEC, one of the organisations behind IPACSO. “Intrinsic-ID stands out as a leader because of how it leverages the unique ID of a chip to provide secure and convenient protection of mobile and desktop applications. Authentication is a key infrastructure requirement for the future of the Internet, especially when it comes to the Internet of Things and Industrial Control Systems.”

The jury praised Intrinsic-ID for its innovative approach in defining a unique ID to a device. The Saturnus Security Framework uses innate characteristics of the chip in a smartphone, by means of physical unclonable functions (PUF), to turn the mobile phone into a unique identifier. The phone then is able to authenticate to applications and services, prevent potential cyber threats, preserve the privacy of the user and enable secure transactions.

“This endorsement from the EU and IPACSO validates our strategy to bring high-end security technology to mobile devices,” said Dr. Pim Tuyls, CEO of Intrinsic-ID. “We applaud the work IPACSO is doing to advance developments in Europe’s cyber security landscape.”

The Cyber Security & Privacy Innovation Awards were presented as part of an evening dedicated to exploring and celebrating innovative new research, ideas, approaches and methodologies in the domains of cyber security and privacy. The independent awards review commission screened 100 entries to select winners in six categories.

Intrinsic-ID

Intrinsic-ID provides device-unique security solutions based on Hardware Intrinsic Security (HIS), a patented, industry-proven technology that extracts unique identifiers from innate characteristics of each semiconductor. Intrinsic-ID’s data security and user authentication solutions seamlessly provide the highest level of security, in the most cost-effective way, providing independent control and protection of digital assets. The company is a spin off of Philips Electronics and is headquartered in the Netherlands, with sales offices in the USA and Asia.