WISeKey launches ISTANA PKI for IoT to Secure the Automobile Industry
WISeKey launches ISTANA PKI for IoT to Secure the Automobile Industry
ISTANA PKI Integrates WK QuoVadis PKI with VaultIC hardware Secure Elements tailored to the needs of IoT ecosystems
ZUG, GENEVA, Switzerland – WISeKey International Holding Ltd (WISeKey) (SIX:WIHN), a leading Swiss cybersecurity and IoT solutions company, today announced that it has launched its advanced ISTANA PKI platform specifically tailored to the needs of IoT ecosystems.
ISTANA PKI platform allows smart car manufactures to validate the authenticity of different vehicle components. Certificate-based security also protects onboard communication between vehicle components and enables secure over-the-air software updates. Additionally, authentication certificates can be used by employees, dealers and suppliers to access car components to diagnose mechanical/technical issues and update software, from any location. Finally, the ISTANA PKI platform allows users to securely interact with a car’s smart features using smartphones and other devices.
Currently, WISeKey is working with several smart car manufacturers and its ISTANA PKI platform is already active in several large-scale projects. A recent example is a strategic contract signed with a leading European automobile manufacturer, cementing its role in the Connected Car sector. The agreement includes the integration of WISeKey IoT and PKI with the manufacturer’s connected car solutions allowing them to authenticate legitimate car components and also enable owners to securely interact with the car’s smart features.
WISeKey’s total identifiable 5-year ISTANA revenues from the car manufacturing industry are expected to be in excess of CHF 30 Million, of which approximately CHF 2.5 Million and CHF 7.0 Million are expected to be realized in 2017 and 2018, respectively.
Virtually all new cars on the market today include electronic technologies that could pose vulnerabilities to hacking or privacy intrusions if data security is not addressed. Embedded WISeKey hardware security in the car protects the “identity” of each device, prevents unauthorized tampering, and protects the privacy and security of the vast amount of data these devices generate. BI Intelligence expects 94 million connected cars to be sold in 2021 (with 82% to be connected cars), representing a compound annual growth rate of 35% from 21 million connected cars sold in 2016.
A fundamental principle behind the security of WISeKey Semiconductors is that its chips not only control how devices perform under normal conditions, but also control how these devices react when attacked or tampered with in any way, including self-destruction. WISeKey Semiconductor chips are designed to authenticate individual car components within the vehicle itself, ensure that only legitimate software is installed in the car, authenticate users and ensure that only legitimate users have access to the connected car functions and encrypt data to make it tamperproof and private.
Thomas Moretti, WISeKey’s Senior VP of Signing Services and IoT PKI, said, “Leveraging this heritage, the new generation ISTANA PKI provides complete identity lifecycle management for IoT ecosystems. Provided as software or a managed service, ISTANA PKI offers a platform that meets the highest standards needed to issue, manage and validate digital credentials for IoT, and is scalable to support environments with hundreds of millions of devices, by leveraging WISeKey’s RoT strategy.”
“As cars continue to evolve, essentially becoming motorized computers, they are vulnerable to the very same threats and attacks as home computers, laptops and smartphones. Unless appropriate cybersecurity measures are implemented, hackers can remotely access the vehicle’s computer system, manipulate the brakes, engine, and transmission. Our technology is designed to help verify legitimate car systems, protect the data they create and avoid malicious hacking,” said Carlos Moreira, CEO of WISeKey.
Added IoT Security from WISeKey Semiconductors
In the network world, valuable encryption keys are protected in special cryptographic hardware called Secure Elements that prevent the unauthorized use or export of keys, ensure consistent handling of encryption, and even allow critical pieces of software to run in a protected environment. Examples include the secure chip on smartcards, the SIM in cell phones and encryption chips in major telecommunications devices such as Internet routers and switches.
WISeKey Semiconductor brings a 25-year heritage delivering certified Secure Elements in the most risk-sensitive applications including government ID cards and passports, credit cards and Pay TV access cards, and specialty crypto tokens. WISeKey Semiconductor’s VaultIC chips are specifically tailored to the needs of IoT devices which often have low power capabilities and the need to be securely updateable in the field.
Bernard Vian, General Manager of WISeKey Semiconductor, said, “Through QuoVadis Istana PKI and VaultIC, WISeKey is the only vendor able to provide both the PKI and hardware Secure Elements tailored to the Root of Trust needs of IoT and with a proven track record in delivering secure solutions to IoT manufacturers and ecosystems.”
# # #
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying via a Virtual Platform large scale digital identity ecosystems. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) and IoT Microchips provide secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.
Press and investor contacts:
|WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
|WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.