project . 2017 - 2017 . Closed


Next generation authentication for the digital age
Open Access mandate for Publications
European Commission
Funder: European CommissionProject code: 745088 Call for proposal: H2020-SMEINST-1-2016-2017
Funded under: H2020 | SME-1 Overall Budget: 71,429 EURFunder Contribution: 50,000 EUR
Status: Closed
01 Apr 2017 (Started) 30 Sep 2017 (Ended)
Open Access mandate
Research data: No

The cost of cybercrime is rocketing—to $500 billion in 2015 according to The Economist. This is why European Commission introduced the Revised Directive on Payment Services (PSD2) to implement strong two-factor authentication for payments before 2018. There are already several MFA solutions on the market, however they are suboptimal - expensive to implement, slow to use and do not meet requirements for PSD2, eIDAS and modern EC-funded approaches to crypto libraries. Notakey allows banks to implement a strong and scalable multi-factor authentication. The technology is made in a way that it can easily be implemented also in other industries, where there is need for protecting sensitive data.

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