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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.

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

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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