Leading information technology company Windmill Enterprise, developer of the Cognida platform, has announced a partnership with decentralized mobile security solutions provider Rivetz. Leveraging Rivetz’s technology, Cognida will provide enterprises with additional private key security options by utilizing Rivetz's Trusted Execution Environment (TEE) private "vault" inside millions of mobile devices hardware.
Cybersecurity damage is on the rise, with Cybersecurity Ventures anticipating that it will total more than $6 trillion globally by 2021, up from $3 trillion in 2015. The Rivetz solution utilizes blockchain technology already built into hundreds of millions of mobile devices, ensuring the keys and transactions cannot be altered or stolen by malware.
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"Enterprises face the daunting challenge authenticating thousands of users in a plethora of environments and granting them the appropriate access to information," said Steven Sprague, CEO of Rivetz. "By joining forces with Windmill, we offer enterprises an easy-to-use solution that leverages the powerful cybersecurity capabilities of both TEE and the blockchain."
Anticipated to go live on July 20, 2018, the Cognida Network is a secure service network layer operating on top of the internet, enabling enterprise customers to administer and enforce their security policy requirements at each service interface on the network.