Thales delivers trust and security to internet-based Kakao Bank

Press Release from Thales e-Security Inc

SAN JOSE, Calif., Sept. 18, 2017 /PRNewswire/ -- Thales, a leader in critical information systems, cybersecurity and data security, announces Kakao Bank, Korea's digital-only bank, is deploying Thales nShield hardware security modules (HSMs) to secure the foundation of its banking systems. The nShield HSM, which is FIPS 140-2 Level 3 certified, delivers key management and data encryption, including mobile user authentication.

Thales (PRNewsFoto/Thales)

Kakao Bank's financial services are conducted exclusively through mobile applications. The mobile-only nature of the technology lends particular urgency to the need for robust protection of the data used.

The nShield HSM provides a hardened, tamper-resistant platform for performing functions including encryption, digital signing, and key generation and protection. nShield HSMs support an extensive range of applications, including certificate authorities, code signing or any other application that uses digital keys, either on premises, or in virtual or cloud environments.

For a company like Kakao Bank, the nShield HSM was considered optimal because of its reputation for protecting data across devices, processes, platforms and environments. The solution helps financial service providers protect their customers, meet government and industry compliance standards, facilitate security auditing and avoid the damage to reputation caused by data breaches.

Kee Tae Kim, Director for Thales eSecurity in Korea says:
"As the financial service industry continues to evolve from physical financial services, to mobile payments to digital-only banking, the requirements have only become more stringent for data security and privacy. This is one of many reasons why Thales is at the forefront of delivering advanced security services for new and innovative financial services organizations like Kakao Bank."

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About Thales eSecurity
Thales e-Security is the leader in advanced data security solutions and services, delivering trust wherever information is created, shared or stored. We ensure that company and government data is secure and trusted in any environment – on premise, in the cloud, in data centers and in big data environments – without sacrificing business agility. Security doesn't just reduce risk, it's an enabler of the digital initiatives that now permeate our daily lives – digital money, e-identities, healthcare, connected cars and with the internet of things (IoT) even household devices. Thales provides everything an organization needs to protect and manage its data, identities and intellectual property and meet regulatory compliance – through encryption, advanced key management, tokenization, privileged user control and meeting the highest standards of certification for high assurance solutions. Security professionals around the globe rely on Thales to confidently accelerate their organization's digital transformation. Thales e-Security is part of Thales Group. www.thales-esecurity.com

About Thales
Thales is a global technology leader for the Aerospace, Transport, Defense and Security markets. With 64,000 employees in 56 countries, Thales reported sales of €14.9 billion in 2016. With over 25,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its exceptional international footprint allows it to work closely with its customers all over the world.

Positioned as a value-added systems integrator, equipment supplier and service provider, Thales is one of Europe's leading players in the security market. The Group's security teams work with government agencies, local authorities and enterprise customers to develop and deploy integrated, resilient solutions to protect citizens, sensitive data and critical infrastructure.

Thales offers world-class cryptographic capabilities and is a global leader in cybersecurity solutions for defence, government, critical infrastructure providers, telecom companies, industry and the financial services sector. With a value proposition addressing the entire data security chain, Thales offers a comprehensive range of services and solutions ranging from security consulting, data protection, digital trust management and design, development, integration, certification and security maintenance of cybersecured systems, to cyberthreat management, intrusion detection and security supervision through cybersecurity Operation Centres in France, the United Kingdom, The Netherlands and Hong Kong.

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