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EyeCode SIGNED

A frictionless two-factor authentication software for secure transactions

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

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 EyeCode project word cloud

Explore the words cloud of the EyeCode project. It provides you a very rough idea of what is the project "EyeCode" about.

hardware    validate    service    secure    transaction    solution    french    banks    attacks    solutions   

Project "EyeCode" data sheet

The following table provides information about the project.

Coordinator
SKEYECODE 

Organization address
address: RUE DE L'ABBE GROULT 115
city: PARIS
postcode: 75015
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country France [FR]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme /SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-05-01   to  2018-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SKEYECODE FR (PARIS) coordinator 50˙000.00

Mappa

 Project objective

Around €1 trillion in mobile financial transactions were made in 2016, and up to €480 billion resulted to be stolen by hackers. Online crime is estimated at 0.8% of worldwide GDP, with developed countries in regions including Europe and North America being the most affected. Eyecode is a two-factor authentication solution offering secure transaction validation. It leverages two breakthrough cryptography technologies – immune code execution and cryptographic retinal photography – to protect banks/FinTechs and their customers against the escalating threat of cyber-attacks. Instead of receiving an SMS from their bank, users will receive a virtual token via an app on their phone – which they use to validate a transaction. The service offers equivalent security to “chip and pin” hardware solutions – with single device convenience. The easily deployable, cost effective solution doesn’t rely on smartphone hardware either, which increasingly erodes banks’ customer ownership. Given the stakes and high profile attacks, banks are crying out for secure solutions. In Europe, this is regulation-driven too. In Phase 1 Skeyecode will validate market potential, commercialisation strategy and planned software engineering scale-up actions. The Phase 2 project will be used to run independent penetration tests, to boost credibility; to obtain certification from ANSSI (the French NSA); and to carry out the development required to service proof of concept contracts currently being concluded with large French banks.

 Work performed, outcomes and results:  advancements report(s) 

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The information about "EYECODE" are provided by the European Opendata Portal: CORDIS opendata.

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