Nixu Supports Swedish Building Industry’s ID06 in the Cyber Fight Against economic crime

Nixu Supports Swedish Building Industry’s ID06 in the Cyber Fight Against economic crime
29.11.2016 07:45 am

Nixu Supports Swedish Building Industry’s ID06 in the Cyber Fight Against economic crime

Security , Infrastructure

The construction sector in Sweden has been challenged by undeclared work and tax evasion, which leads to increased insecurity and personal safety risks at workplaces as well as government tax losses. As of January 2016, the law requires construction sites in Sweden to register contractors electronically. The aim is to reduce the incidence of undeclared labor and promote fair competition throughout the industry.

ID06 is a company that provides a system that meets the requirements of the Swedish Contractor Registration Act and provides industry-specific equipment. With the introduction of ID06 system, the building sector has made a big step forward in the fight against economic crime. More than 600,000 employees in more than 60,000 companies already carry a personal ID06 card in Sweden. 

Sophisticated cyber threats driven by the grey market, pose serious challenges to building sector. Organized crime exploits the latest cyber technology and tries to benefit from ID06 by tricking extra persons in the system in order to gain access to building sites. In addition, criminals try to take advantage of the personal data collected by the system. Thus, ID06 has cybersecurity at the heart of its operations and it is utmost important to keep the ID06 system operational and secure 24/7.

The cooperation agreement between Nixu and ID06 includes the Nixu Cyber Defense Center (CDC) service, which provides capability to spot upcoming sophisticated attacks as well mitigate them with minimal amount of damage and availability loss. With the CDC service, ID06 has access to a scalable defense system that combines the latest cybersecurity technology with the skills of top professionals in the field.

“ID06 collects and processes a significant amount of personal data, which involves particular security risks. In such an environment it is extremely important to ensure high quality cybersecurity and we are very pleased to support ID06 with our Cyber Defense Center services”, says Nixu’s Chief Executive Officer Petri Kairinen.

“We are happy to partner with Nixu in the fight against economic crime in the Swedish building sector. The professional skills of Nixu’s cyber defense experts combined with modern technology guarantee that ID06 can foresee and react quickly to information security threats”, says ID06`s CEO Peter Löfgren.

Related News

Computop and Eckoh Partner to Provide Retailers with Enhanced Security for Card-Not-Present Payments

Computop, a leading global payment processor, and Eckoh (AIM... Read more »

iProov Partners With Evernym to Simplify Onboarding and Device Binding for Personal Identity Management

iProov, the leading provider of biometric authentication technology for Genuine Presence Assurance, announces its partnership with self-sovereign identity (SSI... Read more »

Re-imagining Cybersecurity for a Safer Africa

Africa has the third highest number of cybercrime victims worldwide - losing around R2.2bn a year to... Read more »

Mphasis Digital Risk leverages Mendix low-code platform to enable fast, effective digitalization for the financial services industry

Mendix, a Siemens business and the global leader in enterprise low-code, today announced that... Read more »

World’s Biggest Virtual Global Fintech Fest Saw Participation from over 12000 Attendees from over 110 Countries

Global Fintech Fest which (GFF) organised by Fintech Convergence Council (FCC), Payments Council of India (PCI) and National Payments Corporation of India (NPCI) on 22nd &... Read more »

TransUnion enhances document verification solution as new research finds identity fraud at center of many digital COVID-19 scams

New research from TransUnion’s (NYSE: TRU) Consumer... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel