Korean bank DGB Daegu has announced that transactions conducted by customers via its mobile banking app on a Samsung Galaxy A Quantum 5G smartphone will soon be secured with 5G quantum cryptography.
5G quantum cryptography technology can generate true random numbers to encrypt one-time passwords and identity verification information. The app will be integrated with mobile network operator SK Telecom’s quantum random number generator (QRNG) chipset embedded in the Samsung Galaxy A Quantum smartphone.
As a result, users’ personal information will be protected by encryption based on genuinely unpredictable random numbers whenever they open a new account or make money transfers using IM Bank.
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