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Samsung Unveils New Security Chip For Mobile Crypto Transactions

The announcement explains that the product comprises a Secure Element (SE) chip (S3FV9RR) and more enhanced software. It will offer better protection for several activities like isolated storage, booting, and mobile payment.

Describing the SE chip as a “powerful deadbolt”, Dongho promises that it’s a great way to ensure the safety of private information. The press release says the SE chip comes with the Common Criteria (CC) EAL 6+ certification, which is used in applications that have heavy security requirements. These include smartphones, crypto hardware wallets and e-passports. The chip will be available sometime in the third quarter of 2020.

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