[THE INVESTOR] Samsung SDS said on Oct. 1 it has developed an anti-hacking technology that will beef up electronic signature security.
The company said the technology centers on blocking side-channel attacks, a hacking method that steals private information by analyzing signals and power consumption when activating algorithms for e-signatures in credit cards and Internet of Things devices.
Through side-channel attacks, hackers are able to duplicate credit cards through the information stolen from electronic signatures.
The company said the technology blocks such attacks by altering the encryption key through Samsung SDS’s own algorithm.
Samsung SDS said the technology will provide a breakthrough for the security industry, as the demand for information-sensitive IoT devices has been increasing recently, while the market has lacked solutions that can block side-channel attacks.
“The anti-side-channel attack technology can be applied on all fields utilizing e-signatures,” Samsung SDS said.
“Through the world’s top security technology, we plan to beef up safety of platforms and solutions, and penetrate deeper into the encryption business.”
By Song Seung-hyun and newswires (firstname.lastname@example.org)