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UL and the UL logo are trademarks of UL LLC © 2013

UL's New Science - Transaction Security Overview

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Transaction technology is advancing the convenience, speed and security of payments, mobility and identity management. Consumers, merchants, third-party processors, wireless carriers and financial institutions all play a role in this rapidly transforming field. These technologies create new challenges related to interoperability, reliability and efficiency. And they have engendered new types of crime, including hacking, identity theft and malware. With New Science, UL is facilitating the deployment of secure infrastructures built on new transaction technologies and helping to ensure that they operate optimally and securely. http://www.ul.com/transactionsecurity

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Page 1: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

Page 2: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

Page 3: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

Page 4: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

Page 5: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

TRANSACTION SECURITYTransaction technology is advancing the convenience, speed and security of payments, mobility and identity management. These technologies create new challenges related to interoperability, reliability and efficiency. And they have engendered new types of crime, including hacking, identity theft and malware.

Page 6: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

TRANSACTION SECURITY CHALLENGES

Page 7: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 20131. “Consumer Cybercrime Estimated at $110 Billion Annually,” 2012 Norton Study. Web: 5 Oct. 2012. http://www.symantec.com/about/news/release/article.jsp?prid=20120905_02

HOW CAN WE WORK TO REDUCE HACKING AND ITS IMPACT?

Page 8: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 20132. “NFC: When Will Be the Real Start?” Frost & Sullivan Report, 11 Jan. 2011. Web: 12 Mar. 2013. http://www.frost.com/sublib/display-report.do?bdata=bnVsbEB%2BQEJhY2tAfkAxMzYyMDY1OTA5Mjk2&id=9843-00-13-00-00

HOW CAN WE ANTICIPATE AND MITIGATE CHALLENGES RELATED TO THE GROWTH OF M-COMMERCE?

Page 9: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 20133. “Biometrics Market Expected to Hit $12 Billion in 2015,” Homeland Security News Wire, 18 Jan. 2011. Web: 12 Mar. 2013. http://www.homelandsecuritynewswire.com/biometrics-market-expected-hit-12-billion-2015-0

HOW CAN WE USE BIOMETRICS TO INCREASE SECURITY AND EFFICIENCY OF TRANSACTIONS?

Page 10: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

UL’S NEW SCIENCE OF TRANSACTION SECURITYUL is facilitating the deployment of secure infrastructures built on new transaction technologies and helping ensure that they operate optimally and securely. From collaborating on state-of-the-art biometrics security to helping transition disparate systems to a new platform, UL is responding to today’s Transaction Security challenges with New Science.

Page 11: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

LEARN MORE ABOUT BIOMETRICS

UL tested, analyzed and ultimately helped ensure the functionality and security of an innovative fingerprint authentication system.

Page 12: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

WHAT WAS THE IMPACT OF UL’S NFC IMPLEMENTATION MODEL?UL developed an innovative process to help mobile network operators, banks, acquirers and merchants implement an NFC payment infrastructure securely.

Page 13: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

DISCOVER MORE ABOUT OUR BRAND TEST TOOL

UL researchers created a device that facilitates interoperability and security testing, helping financial organizations provide trouble-free transactions within their infrastructures.

Page 14: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

READ ABOUT OUR SMART WAVE BOX

UL scientists and researchers developed a device that can simulate smart cards or e-Identification documents and their communication.

Page 15: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

LEARN ABOUT OUR TSM TEST SUITE

Review a series of tests designed to work together to simulate the comprehensive interactions of devices and terminals in the near field communication ecosystem.

Page 16: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

DISCOVER THE IMPORTANCE OF VULNERABILITY ANALYSIS

UL’s innovative methodology for creating new ways to break security in order to design effective countermeasures (the science of hacking).

Page 17: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

ul.com/newscience/transactionsecurity/

+1 847.664.2040

FOR MORE INFORMATION

Page 18: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013UL and the UL logo are trademarks of UL LLC © 2013

Page 19: UL's New Science - Transaction Security Overview

UL and the UL logo are trademarks of UL LLC © 2013

THANK YOU.