Come meet the Covr team at Leap 24, and hear first hand of our recent successes. Understand how you too can deliver a more secure and user friendly customer experience in a matter of days. Reach out to our Chief Commercial Officer, George Fraser ,on Linkedin to set a meeting up with the team.

Covr are excited to announce that our Chief Revenue Officer, George Fraser, and the team will be attending Intersec 2024 in Dubai ! It takes place from the 15th to the 18th January 2024 at Dubai World Trade Centre, and is a fantastic opportunity to connect and discuss the latest in cybersecurity trends. We are looking forward to meeting industry peers and sharing insights. If you’re attending and would like to meet, please feel free to reach out to George and the team on LinkedIn. Let’s connect and explore collaborative possibilities !

Covr Security is thrilled to announce a landmark achievement in the banking sector with a multi-million dollar deal with a prominent Asian bank. This major win involves transitioning the bank from traditional physical hardware tokens to a state-of-the-art, all-digital multi-factor authentication (MFA) system. This shift represents a significant leap forward in digital security, offering a more streamlined, efficient, and user-friendly experience. Covr Security’s role in this project highlights its expertise and commitment to delivering advanced, secure, and innovative digital solutions for the financial industry. The successful implementation of this project not only demonstrates Covr Security’s technical prowess but also cements its position as a leader in digital security transformation.

Oue expectation is that this deal will rapidly expand to include further divisions of the bank. Watch this space for further updates

We are excited to announce a remarkable achievement in the digitisation of access to physical premises using Digital Identity. As part of a a collaboration between Oribi Group (https://www.oribi.nl/en) and Covr Security (https://lnkd.in/dkynfKyK), our recent demonstration at a major European port marks a significant milestone in this joint effort.

The project centred around the development and deployment of the ShowID system, an innovative digital process designed to revolutionize the way port authorities (or any other business for that matter) manages physical visitor access. This system was meticulously crafted and demonstrated at a European port (details to follow…), showcasing its unique capabilities.

Our approach was to simplify the visitor registration process. With ShowID, visitors can register their credentials digitally in advance, leading to a seamless and more secure entry on subsequent visits. The system integrates ID verification, ticket claiming, and secure access control, all streamlined through a user-friendly app and customer portal.

What sets ShowID apart is not just the reduction in waiting times at the gates or the lowered administrative burdens; it’s about how we’ve developed a re-usable digital ID that is only stored in the users device (and shared only when given permission by the users), but also the detection of unauthorized access attempts, as our ID can only be created using a passport or national ID that contains a chip (which we validate against). The result is a system that not only bolsters security but also optimizes the operational workflow.

This project is a testament to the power of collaboration in achieving innovative solutions. As part of the EU’s Horizon research and development programme, we are indebted to SecureIT (www.secureit-project.eu) for their support and funding, which was instrumental in bringing this vision to life.

As we prepare to share more details about this ground-breaking project, we invite you to reach out to us directly if you’re interested in learning more or exploring how ShowID can benefit your operations. Stay tuned for more updates and a deeper dive into this transformative security solution.
hashtag#COVR hashtag#ORIBI hashtag#SecureIT hashtag#digitalidentity

Covr are excited to announce that our Chief Revenue Officer, George Fraser, and the team will be attending Seamless 2023 in Riyadh ! It takes place from the 4th to 5th September at Riyadh front, and is a fantastic opportunity to connect and discuss the latest in cybersecurity trends. We are looking forward to meeting industry peers and sharing insights. If you’re attending and would like to meet, please feel free to reach out to George and the team on LinkedIn. Let’s connect and explore collaborative possibilities !

The more popular mobile platforms become for money transactions the more important the security aspect becomes.

The new EU regulation PSD2 that recently has come into play requires stronger identity checks by the users themselves when they pay online. When customers access their online payment accounts, initiate electronic payment transactions, or perform other actions through remote channels, so-called strong authentication is required.

The users are actually not allowed to authenticate themselves with just one static password anymore. The transition from passwords to a combination of login codes and biometrics or tokens can be troublesome – and expensive – for banks and payment services, and this is where Covr is the ultimate solution!

The users are actually not allowed to authenticate themselves with just one static password anymore. The transition from passwords to a combination of login codes and biometrics or tokens can be troublesome – and expensive – for banks and payment services, and this is where Covr is the ultimate solution!

PRESSMEDDELANDEN Published 27 november 2020

Synch har agerat legal rådgivare till CovR Security AB i samband med bolagets nyligen genomförda finansiering om ca 20 miljoner kronor.
Patrik Malmberg, co-founder och CEO. ”Vi har sedan länge anlitat Synch för legal rådgivning avseende kapitalanskaffningar, kommersiella avtal, regulatoriska – och immaterialrättsliga frågor. Synchs kompetens och erfarenhet kombinerat med deras förståelse för de utmaningar som tillväxtbolag som är inne i en internationell expansion, ställs inför, har varit ovärderlig.”

Covr Security tillhandahåller en mobil multifaktor autentisering som en tjänst (likt ett globalt bank-id) till ett brett spektrum av branscher som är beroende av stark kundautentisering, till exempelvis banker, betalningsnätverk, kreditkortsföretag, eID-leverantörer, IoT-företag och mobiloperatörer. Bolagets användarvänliga lösning bygger på en modern arkitektur med ursprung i nordisk banksäkerhet.

Synchs team i kapitalanskaffningen bestod av Andreas Börjesson och Emma Lundberg. Synchs team för övriga områden består av Erik MyrbergVeronica UddstenAnders HellströmMathilda Nordmark och Johan Tydén.

Synch är en internationell advokatbyrå med fokus på digitala affärer och teknologi. Synch erbjuder en flexibel leveransmodell där Digital services kompletterar firmans tjänster inom Advisory services, Projects & Transaction Services och Managed services, SynchWherever. Synchs Projects & Transactions grupp är specialiserade inom privat och publik M&A, venture capital investeringar och finansiering, särskilt i förhållande till teknologi-företag.


A new license agreement with leading health organization Mitera

The supply of digital health care is rapidly being brought into the app economy while at the same time, supporting a much higher degree of patient control.

In light of this, we are delighted to disclose that Covr Security has entered into a partnership agreement with the leading health organization Mitera. Mitera’s main product, mApp, is aimed at providing health care coverage by collaborating with hospitals. 

The partnership intends to keep personal health records secure, providing privacy and security to 72 hospitals and up to 1 million users throughout West and Central Africa.

Mitera Health on Google Play

New hire! Navigating online security in the Asia Pacific

Meet Rajiv Madane! Mr. Madane joined Covr Security as Senior Vice President, Asia Pacific, during the spring.

Rajiv Madane has worked internationally with innovative fintech solutions for more than 30 years. He has expert knowledge from digital banking and payments, retail, SME, corporate banking, and wealth management from several leading positions, such as Virtusa and APIX.
Get in touch with him at LinkedIn.

How to keep safe online in a time of uncertainty

In the wake of the COVID-19 devastation, cybercriminals are taking advantage of our digital weaknesses and fear of contracting the disease. Please read our article about different types of socially engineered attacks targeting your security and what to do about it.

At CovrSecurity, we are committed to helping businesses stay safe online. We are always available to share our knowledge on how to implement user-friendly, bulletproof security into your workflows. Schedule a chat with us!

Until next time,

The team at Covr Security