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EyeCode

A frictionless two-factor authentication software for secure transactions

Total Cost €

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EC-Contrib. €

0

Partnership

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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.

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

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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