GRC Viewpoint

OneSpan: Leading the Charge in Mobile Security Solutions

Victor Limongelli

CEO

Through its innovative use of AI, blockchain, and secure elements, OneSpan provides robust protection against a wide array of threats, ensuring that mobile applications and transactions remain secure. As the digital landscape continues to evolve, OneSpan’s commitment to innovation and security positions it as a key player in shaping the future of mobile security.

In today’s digitally connected world, mobile security is paramount. As organizations increasingly rely on mobile devices for a range of operations, the need for robust security solutions to protect sensitive data has never been more critical. OneSpan, a global leader in identity, authentication, and fraud prevention, has emerged as a key player in providing comprehensive mobile security solutions. This article delves into OneSpan’s offerings, technological innovations, and its impact on the mobile security landscape.

OneSpan, formerly known as VASCO Data Security, is headquartered in Chicago, Illinois, and has been at the forefront of digital security for over two decades. The company rebranded to OneSpan in 2018 to better reflect its expanded focus on digital identity and e-signature solutions, in addition to its traditional authentication products. With a client base that includes some of the world’s largest financial institutions, government agencies, and enterprises, OneSpan is trusted by organizations across various sectors to secure their digital transactions and interactions.

Mobile Security Solution

OneSpan offers a suite of mobile security solutions designed to safeguard mobile applications and devices against a wide array of threats. These solutions are built to address the unique challenges posed by mobile platforms, such as device variability, operating system fragmentation, and the ever-evolving threat landscape. OneSpan’s mobile security solutions are characterized by their scalability, flexibility, and ease of integration into existing infrastructures.

Mobile App Shielding

OneSpan’s Mobile App Shielding solution provides advanced protection for mobile applications against reverse engineering, tampering, and other malicious activities. The solution includes features such as code obfuscation, anti-debugging, and real-time threat detection. By integrating these security measures directly into the app, OneSpan ensures that even if a device is compromised, the app remains secure. This is particularly crucial for applications handling sensitive information, such as mobile banking or healthcare apps.

Multi-Factor Authentication (MFA)

OneSpan’s MFA solutions are designed to add an extra layer of security to mobile transactions. These solutions utilize a variety of authentication factors, including biometrics, push notifications, and one-time passwords (OTPs), to verify user identities. OneSpan’s Intelligent Adaptive Authentication further enhances security by analyzing user behavior and adjusting the level of authentication required based on risk. This approach not only improves security but also enhances the user experience by minimizing friction.

Risk Analytics

OneSpan’s Risk Analytics engine leverages machine learning to detect and respond to fraudulent activities in real-time. The solution continuously monitors transactions and user behaviors, identifying anomalies that could indicate a security threat. By analyzing a vast array of data points, Risk Analytics can accurately assess risk levels and trigger appropriate security measures, such as requiring additional authentication or blocking suspicious transactions.

Mobile E-Signatures

OneSpan is also a leader in mobile e-signature solutions, offering a secure and compliant way for users to sign documents on mobile devices. The company’s e-signature platform integrates with its authentication and risk analytics solutions to provide a seamless and secure signing experience. This is particularly valuable for industries such as finance and healthcare, where the security and legality of electronic signatures are paramount.

Technological Innovations

OneSpan’s success in the mobile security space is largely due to its commitment to innovation. The company invests heavily in research and development to stay ahead of emerging threats and continuously enhance its security solutions. Some of the key technological innovations driving OneSpan’s mobile security offerings include:

AI and Machine Learning: OneSpan’s use of artificial intelligence and machine learning in its Risk Analytics engine enables the solution to learn from historical data and improve its accuracy over time. This allows OneSpan to detect even the most subtle patterns of fraudulent activity, providing a higher level of security for its clients.

Blockchain Integration: OneSpan has explored the integration of blockchain technology into its security solutions to enhance data integrity and transparency. By leveraging the decentralized nature of blockchain, OneSpan aims to provide tamper-proof records of transactions and secure digital identities.

Secure Elements: OneSpan’s mobile security solutions often utilize secure elements, which are tamper-resistant hardware components designed to store sensitive information securely. These elements provide an additional layer of protection by isolating critical data from the rest of the device’s operating system.

OneSpan stands out as a leader in the mobile security industry, offering a comprehensive suite of solutions that address the unique challenges of mobile platforms. Through its innovative use of AI, blockchain, and secure elements, OneSpan provides robust protection against a wide array of threats, ensuring that mobile applications and transactions remain secure. As the digital landscape continues to evolve, OneSpan’s commitment to innovation and security positions it as a key player in shaping the future of mobile security.