Here is the new COVR newsletter for February 2019. In this letter, we give you some news about cybersecurity, tell more about COVRS´s participation in Accelerator Frankfurt and why SMS-authentication is not a good solution.


Prevent fraud and build trust with your customers by merely buffing up your FDP-system.

You don’t want to lose money due to online fraud, do you? Then you better buff up your FDP-solutions, because retailers are expected to lose $ 130 billion in CNP-fraud in just the next five years.

We see a rise in online fraud, as online retail and other digital solutions are increasingly more popular worldwide, cybercriminals are becoming more creative, and they continue to find new ways to attack. As an online retailer, it is of the uttermost importance to increase and expand your Fraud Detection, and Prevention (FDP) measures to keep the criminals away. Would you like to prevent your business from the fraudulent damage and substantial loss in the upcoming years?

Read the full blog here >


Far right, Vitor Weanerlund and Patrik Malmberg at the Accelator Frankfurt.

Covr takes part in an exclusive accelerator program in Germany

During the past three months, Covr Security has taken part in a highly exclusive accelerator program in Germany, through the organization Accelerator Frankfurt. Here the founder of Accelerator Frankfurt, Ram Shoham explains more about the program and why he thinks Covr is perfect for it.

Accelerator Frankfurt has been active for just over six years with a clear vision and central focus set on the FinTech and Cybersecurity industry. The two founders, Ram Shoham, and Maria Pennanen have a background in finance and tech, that is why it was a natural step for them to help companies working in that industry.

Read the full article here >


Another example of why SMS-authentication is a horrible idea!

You’d think that in today’s high-tech society, nobody uses text-messages as part of their 2-factor authentication system. But despite hoping that this was dead and buried practice, now and then we see examples of when it’s being used and subsequently hacked.

Recently the customers of Metro Bank in the UK suffered the consequences from this, which goes to show that it is time that we start using safer and more reliable solutions.

Read more >


See the video by click on the image.

A Long Day (with no Cybersecurity)

Imagine waking up, and everything in the entire world has been hacked. How do you commute to work, how do you pay for your food, and how long will the electricity keep your lights on? Cybersecurity matters, more today than ever before!

On February 5, COVR will pitch the company to German investors and potential customers during Accelerator Frankfurt’s Demo Day. This great opportunity will position us very well for a rapid expansion in Germany.

During the autumn COVR, together with two other startups, was chosen from hundreds of companies to take part in Accelerator Frankfurt’s fifth Acceleration Wave Program. The Accelerator Frankfurt Program is very prestigious and COVR is very fortunate to have been chosen. During the three-month program Accelerator, Frankfurt offers 200+ consulting hours on important subjects such as communication, digital marketing, finance, tax-regulations, strategic planning and executive coaching, aimed at the German Market. These experiences and insights will drive our expansion in Germany and further on in Europe to bring the best mobile security solution in the world, to the world.

The Demo Day will live-stream on YouTube, and already know you can set a reminder at:

Live Stream – Accelerator Frankfurt 5th Wave Demo Day >

Read more about the Accelerator Frankfurt Program here >

COVR in cooperation in Dubai

Last week COVR´s CEO Patrik Malmberg and CIO Peter Alexandersson travelled to Dubai to meet representatives and discuss new cooperations in Payment Gateways.

The Magazine Mirror Review has appointed the CEO of COVR Security, Peter Alexanderson, as one of the 10 most Prominent Personalities in the Security Industry, 2018.

Peter Alexanderson: ” A Cybersecurity Leader With Feathers Of Experience In His Cap.” 

 /Mirror Review

Read the article here

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!