AppSealing, a foremost mobile application security solution contributor and service of INKA ENTWORKS, announced the launch of its data encryption solution for Android applications. With this solution, companies can protect a slew of sensitive data like authentication tokens, unique identifiers, and passwords from unauthorized access and modification, the premium addition of this solution to its mobile application protection suite reiterates AppSealing’s commitment to enabling companies to fend off cyber attackers and prevent illegal application access, theft, deletion, or modification.
The solution offers first-rate encryption architecture and supports AES 256 encryption, the strongest encryption standard like PCI DSS (Payment Card Industry Data Security Standard), GDPR (General Data Protection Regulation), and HIPAA (Health Insurance Portability and Accountability Act). Companies are compliance-ready immediately without any coding or SDK integration.
James Ahn, CEO with INKA ENTWORKS, explains the relevance of data encryption for fintech companies: “Fintech industry is booming. The global fintech market, which was worth $128Bn in 2018, is expected to touch a figure of $310Bn in 2022. We have been collaborating with our clients to secure their mobile applications. Our latest offering of end-to-end data encryption further strengthens our mobile application security portfolio and leadership position in the market. We are pleased to make fintech, payment, banking, and gaming apps a lot more secure. We are excited to partner with our customers and help be complaint protect sensitive data, take relevant actions against hackers, and build their business and reputation confidently.”
Govindraj Basatwar, Global Business Head with INKA ENETWORK, said “Digital banking enables companies to provide Fintech and banking services at the touch of a button. It is a great way for companies to serve their customers, but it also means opening Pandora’s Box since attackers are lurking around. Data localization restrictions also put an additional responsibility. With data encryption, we aim to help Fintech companies focus on customer experience, compliance with localization policies, and revenue generation within the safe walls of security.”
