An Industrial Outlook on Challenges of Hardware Security in Digital Economy—Extended Abstract—

Abstract

Thanks to the seminal works of Kocher on side-channel attacks [1, 2] and Boneh et al. on fault injection attacks [3] in the 1990s, the domain of physical attacks has emerged as an active research domain as well as a potential threat on commercial devices. Practical hacks using physical attacks have been demonstrated on commercial products like NXP MiFare [4], KEELOQ [5], Sony PlayStation, etc. The threat becomes even bigger with the emergence of the Internet of Things (IoT), digital economy and identity. Digital economy is a push towards cashless society, encouraging digital banking with use of modern payment methods based on smartcards and now smartphones. Digital identity now uses biometric data, like fingerprints, to authenticate people. Several governments are giving a push for digital economy and identity. This has led to rapid adoption of mobile payments, cashless solutions, biometric identities. Often biometrics are linked to payment solution.