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EyeCode

A frictionless two-factor authentication software for secure transactions

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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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.

customers    concluded    boost       virtual    banks    gdp    solutions    chip    french    sms    engineering    photography    480    penetration    nsa    actions    bank    rely    hardware    fintechs    run    technologies    crying    app    leverages    customer    attacks    phone    deployable    cryptography    mobile    smartphone    erodes    trillion    equivalent    commercialisation    independent    financial    retinal    stolen    regions    ownership    solution    receiving    security    easily    around    threat    offers    validate    stakes    america    billion    either    protect    made    authentication    regulation    market    pin    hackers    code    crime    obtain    skeyecode    single    worldwide    2016    cryptographic    profile    carry    validation    transactions    ed    anssi    immune    credibility    escalating    too    convenience    instead    countries    secure    device    receive    online    breakthrough    transaction    token    software    eyecode    proof    certification    tests    strategy    contracts    north    service    cyber   

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]
 Project website http://www.skeyecode.com
 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

Map

 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.

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

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