Encrypted SIKURPhone Claims to Protect Data and Cryptocurrency

By: Ken Silva

Cybersecurity firm Sikur has launched a secure, encrypted USD 799 smartphone, that it claims can safely store cryptocurrencies. Unveiled on Wednesday at Mobile World Congress in Barcelona, in addition to a 5.5-inch full-HD display and 13-megapixel camera, the SIKURPhone features a built-in cryptocurrency software wallet.

According to an article on Engadget, 20,000 phones are available on presale and will be delivered in August.

Sikur’s CEO, Cristiano Lop outlined plans for the device to CNBC:

“At the end of second quarter of 2018 we will deliver a crypto wallet inside our platform, expanding the wallet use beyond SIKURPhone, it means that our customers should be able, through a physical device, to securely store their cryptocoins.”

In the wake of multiple prominent cryptocurrency hacks, such as this one, reported by internet entrepreneur and investor, Fabrice Grinda, there’s no lack of interest among crypto folk, many similarly burned by attacks.

“Securely storing information on our devices is one of our strong points,” said SIKUR CEO Cristiano Lop, speaking to Engadget. “We succeeded with browser and messaging security. Then we asked, why not do it with cryptocurrency? Cryptos are stored seamlessly and securely on our cloud, without compromising safety.”

Engadget reported that in November and December, Sikur hired security researchers to try to break into the device. The SIKURPhone passed with flying colors.

MORE: http://www.the-blockchain.com/2018/02/28/encrypted-sikurphone-claims-protect-data-cryptocurrency/

If you’ve amassed a cryptocurrency fortune, SikurPhone might be the phone for you.

By: Stan Schroeder

If you’ve amassed a fortune in cryptocurrencies, you probably don’t keep it all (or any of it) on your mobile phone. But a company called Sikur wants you to reconsider that.

On Tuesday, the company has launched a security-oriented smartphone called the SikurPhone. One of its main features is a built-in cryptocurrency wallet which, ideally, would allow you to keep cryptocoins on your phone without having to worry about losing them.

The phone itself is based on a highly customized version of Android 7.0, Sikur’s COO Alexandre Vasconcelos told me at the company’s booth at the Mobile World Congress in Barcelona. It’s not for the common user: It doesn’t have access to Google’s Play Store, it won’t run any apps that haven’t been vetted by Sikur, and its interface is far more spartan and corporate-looking than that of your typical, everyday Android.

The specs won’t wow you either, thought they’re probably good enough for most users: a 5.5-inch Full HD screen, a MediaTek MT6750 processor, 4GB of RAM, 64GB of storage, a 2,800mAh battery and a 13-megapixel rear camera, as well as a 5-megapixel selfie shooter.

But this phone isn’t about playing Android games — in fact, I bet that most users won’t even use it as their main device. “It’s sort of like the Ledger,” said Vasconcelos, referring to a hardware wallet that’s a popular choice for securely storing cryptocurrency. “If you lose your phone, we can remotely wipe it for you. You can get a new one, log in, and your funds will be safe, as your private keys are stored in our cloud.”

There’s a potential problem there: What Vasconcelos is describing is nothing like the Ledger, which keeps the private keys solely on the device itself. Keeping cryptocurrency private keys — which are basically the only thing you need to access your coins — in the cloud has potential drawbacks: The company’s servers could get hacked. It’s not exactly a rare ocurrence; two months into 2018 and we’ve already seen several major exchanges losing hundreds of millions of dollars in crypto due to hackers.

More: https://mashable.com/2018/02/27/sikurphone/#9b6Zq_8ub5qc