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Snippet: Transaction authentication provider, Entersekt, has selected Amazon Web Services (AWS) to store the encryption keys for its Transakt application.
Release Area: CAPE TOWN, SOUTH AFRICA
Release Date: 11 SEPTEMBER 2013

Cape Town, South Africa
11 September 2013

Transaction authentication provider, Entersekt, has selected Amazon Web Services (AWS) to store the encryption keys for its Transakt application.

Leveraging AWS' CloudHSM service, Entersekt will now store the encryption keys for Transakt, the mobile application that protects highly sensitive bank account data, in the AWS cloud using industry standard, tamper-resistant security hardware technology.

By migrating to the AWS cloud, Entersekt maintains full access to its data while benefiting from the added security measures provided and managed by AWS. In addition, the AWS CloudHSM service can help companies like Entersekt fully comply with the most stringent regulatory and contractual requirements related to key protection.

As part of the data migration process, Entersekt completed its Root Key Ceremony on 6 September at its Stellenbosch office in South Africa. The Root Key Ceremony is a standard industry procedure by which a unique pair of public and private root keys are generated and stored securely, in this case, in the AWS cloud.

"Having been exposed to Amazon Web Services in the past, their offerings were top of mind for us as we looked into options for storing our encrypted keys for Transakt," says Christiaan Brand, chief technology officer of Entersekt. "Amazon Web Services' unmatched service offerings and trusted name within today's business world made them an ideal company for us to work with, especially due to the sensitive nature of the data we're entrusting them with."

Entersekt's one-of-a-kind approach to transaction authentication harnesses the power of electronic certificate technology with the convenience of mobile phones to provide financial institutions and their customers with full protection from fraud in the online and card-not-present space. Entersekt's mobile application, Transakt, verifies both the bank and the mobile device, eliminating the need for expensive hardware tokens or cumbersome one-time passwords. The bank retains full control over registering users and all communication is encrypted end-to-end and cannot be intercepted by outside parties.

Entersekt Logo

Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.