WISeKey’s WISeID Identity Offers a Zero Trust Approach to Secure Remote Work
Zero Trust is a security concept centered on the belief that organizations should not automatically trust anything inside or outside its security perimeters and instead must digitally verify anything and everything trying to connect to its systems before granting access
Geneva, Switzerland – January 19, 2021: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, today announced that its WISeID platform, through WISeID Cloud and CloudSign features, provides a Zero Trust Approach as a new way to secure cloud interactions and mitigate online security risks associated with COVID-19 shutdown. In 2020, WISeKey intensified its investments in Zero Trust developments to create advanced solutions to provide remote users/workforce with an easy-to-use and end-to-end Zero Trust approach.
Because of the current COVID situation, many companies and organizations are quickly adapting to the new reality where professional interactions with customers and among employees are conducted electronically. These organizations are following Zero Trust networking principles allowing them to address the security requirements driven by the rapid digital transformation and expansion of their remote workforce. Companies are now required to act quickly in order to mitigate the cybersecurity risks created by the sudden shift to remote work caused by the pandemic.
Zero Trust is a security concept centered on the belief that organizations should not automatically trust anything inside or outside its security perimeters and instead must digitally verify anything and everything trying to connect to its systems before granting access.
Electronic signatures are being perceived finally as a need to ensure that all electronic documents being managed remotely, have the same legal validity as paper documents, regardless if these documents represent external transactions such as contracts or invoices, or internal transactions such as expense reports or vacation requests.
Also, companies are now confronting the needs to use cloud services, in such a way that applications and documents previously accessed and managed using internal networks, now need to be accessed remotely without compromising the security of the data, nor the privacy of the users. For this, companies are carefully evaluating their cloud strategy and seeking to cooperate with cloud service providers that can ensure high security and data sovereignty.
WISeKey is now proposing a new set of Zero Trust into its WISeID platform, providing new ways to secure interactions. The strategy WISeID follows under the Zero Trust platform it is based on the principle of “we trust no one and will only provide access after we know who you.”
“These new work behaviors induced from the global lockdown situation are generating new challenges to the companies’ IT organizations. The big question is how to bring corporate data security to the employees’ homes. While employees are slowly returning to their offices as countries begin to ease COVID-19-induced lockdowns and lift stay-at-home orders, uncertainty related to the pandemic still lingers. As consequence, many organizations are choosing to maintain semi-remote, virtual workplaces over the next 12 to 18 months and in some cases permanently thus becoming digital by default,” indicated Carlos Moreira, Founder and CEO of WISeKey.
WISeID is based on the WISeKey/OISTE Root of Trust and integrates innovative technologies to distribute the identity attributes and build federated ecosystems. The WISeID web services and Mobile Applications are available for download and use. Several offers, such as digital certificates to secure the email or the strong authentication capabilities are offered free of charge, while others require a business subscription, in order to get full access to validated identities and document signature capabilities. For more information visit https://wiseid.com.
For decades, WISeKey has been one of the very few recognized providers of hardware and software first-in-class digital security solutions for cybercrime protection, people and object identification and authentication. The company has been designing secure chips which are massively used in highly sensitive applications such as banking, national ID or PayTV. Therefore, most of these chips are certified to Common Criteria EAL5+, one of the highest government grade security certifications.
To learn more about WISeKey and its security solutions, visit WISeKey.com.
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
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides 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.
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.