System and method for securing disassociated security credentials

A method for installing a network authentication credential on a computer module, the method comprising, using a processor:

• a first software module generating a random number a and passing a to a second software module;
• the second software module calculating a value c and a value z using a, a hash function, a secret value, and a group G and passing c and z to the first software module;
• the first software module applying c and z to a function using a derivation of the secret value to determine if value c is equal to the value of the function;
• and
• if value c is equal to the value of the function, the first software module causing decryption of the network authentication credential.

A system for binding a plurality of network access credentials to a plurality of computer chip modules, the system comprising:

• a memory;
• and
• a first processor to:
• transmit to a remote server a set of initialization data items each initialization data item comprising an identification and a derivation of a secret value;
• receive from the remote server a set of credential files, each credential file comprising encrypted network access credentials and an initialization data item;
• for each computer chip module:
• install on the computer chip module a credential file;
• install on the computer chip module an identification and a secret value on which the derivation is based;
• and
• execute using a second processor binding software, the execution of the binding software accepting as input the identification and the derivation of the secret value to determine a value and causing extraction of the network access credentials if the identification and the secret value when input to a formula result in a match with said determined value.