Qualcomm, KT Team Up on LTE-based IoT Security for ATMs
Qualcomm (QCOM) and Korea Telecom (KT) have followed up a partnership to build IoT security with the development of an LTE-based IoT security gateway solution for ATMs, according to published reports.
Qualcomm (QCOM) and Korea Telecom (KT) have followed up a partnership to build IoT security with the development of an LTE-based IoT security gateway solution for ATMs, according to published reports.
The companies said last week that they’ve developed an IoT gateway that will reduce maintenance costs of automated teller machines (ATMs) by half compared with the traditional wired network system, as well as enable secure IoT financial transactions to take place, according to a report in the Korea Times. This also means ATMs can be installed even in places where there are no wired networks.
To create the solution, KT merged its IoT security technology with Qualcomm’s LTE mobile processor expertise, the companies said. The move follows a tie-up the two companies unveiled in January to jointly develop equipment with secure gateways for IoT solutions, which will connect myriad devices wirelessly through sensors and various wireless communications technology.
Security becomes critical in this new paradigm in which more transactions and communications will be conducted over the air among these many devices. Companies are currently figuring out how best to secure the IoT and what form that security will take in terms of hardware and software security.
The technology they’ve developed will serve as the foundation for many IoT applications, according to the Korea Times report. The companies will work with Korea Electronic Financials, which installs and services ATMs, to deploy more than 1 million “smart” ATM terminals in South Korea over the next three years.
LTE wireless communications is just the tip of the iceberg for KT’s security plans. With the security of wireless communications integral to the future of the IoT, the company said it will also address security issues with other wireless communications networks–such as Bluetooth and Zigbee, which are popular IoT protocols, according to a ZDNet report.
Qualcomm said the LTE-based security gateway the two companies developed will also be deployed into IoT support services.
“We intend to provide support to a variety of new IoT services through our collaboration with Korea Telecom and we will do our best to foster synergy in the IoT sector with KT,” said Lee Te-won, vice president and general manager of Qualcomm Korea.
