Securing the Internet of Things

Root of Trust and Technology platform for IoT

Securing the Internet of Things

Technology allows people, objects and machines to connect to one another, creating new opportunities to improve people’s lifes:

  • Optimize processes and resources;
  • Reduce risks;
  • Improve end-user experience;
  • Create or increase business.

IoT success can only happen if data can be trusted

WISeKey provides an end-to-end scalable security framework to be integrated into IoT platforms. Based on PKI Technology, it will protect the device and its data at rest or in transit.

WISeKey delivers cryptographic root keys and solutions to use and manage digital certificates and associated secure assets that protect otherwise vulnerable IoT devices in the field.

IoT:
Internet of Threats?

Distributed Denial of Services (DDoS) attacks are becoming increasingly ubiqutous and dangerous, causing organizations billion dollar losses; Man in the middle attacks on video surveillance cameras are almost common ground. These are just two examples of threats faced by IoT systems.

Hackers have different motivations (fun, money, terrorism…) and resources (material, collusion, expertise) to penetrate a system, but all IoT Systems will face hacking. Consequences can be heavy: disrupted services, intrusion on users’ privacy and safety, theft of intellectual property, damaged brand reputation, loss of revenue, job destruction and more. WISeKey offers proven products and solutions to reduce the risk of IoT attacks.

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wisekey-iot-framework

The wisekey-iot Certificate Management System (CMS) is a software tool with a user-friendly interface and easy-to-integrate API that manages the life-cycle of devices and their digital certificates. These certificates are signed by WISeKey’s Certificate Authority and optionally the OISTE Root of Trust.

The optional security broker performs the authentication and validation of the messages coming from the different IoT devices and transfers only trusted messages to the IoT platform of our customer. The wisekey-iot framework can easily be integrated into an IoT platform by our customers and no additional security mechanisms need to be implemented.

The wisekey-iot framework also includes secure provisioning solutions to help maintain consistent high system security, even when the IoT device is in an unsecured environment (e.g. during production or in the field). Device configuration and firmware upgrades are made easy and secure at all times.

wisekey-iotCMS can be installed on customer premises, or outsourced to WISeKey and located in one of our secure data centers in Switzerland, USA, India or China. The managed platform can be accesses through a browser and a web-service API. The CMS and the framework are compatible with third party Certificate Authorities (CA), such as the Microsoft PKI or the Enterprise Java Beans Certificate Authority (EJCBA) open source CA.

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wisekey-iot Key Points:

  • PKI based security, Swiss Root of Trust
  • Software solution; optional use of tamper resistant chip
  • Easy integration in IoT platform, and in devices
  • Cost effective solution
  • Security for device in operation and for provisioning
  • Certified security
  • WISeKey solid trusted partner

WISeKey Unique Root of Trust Model

A Root of Trust (RoT) is the basis for a global end-to-end security solution. A RoT serves as a common trust anchor, which is recognized by the operating system (OS) and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the certificates signed by this cryptographic RoT, embedded in the device, the IoT product manufacturers can use PKI (Public Key Infrastructure) technologies to secure interaction among objects and between objects and people.

WISeKey is the trusted operator of the International Organization for the Security of Electronic Transaction (OISTE) Global Root, which is widely distributed in commonly used software.

The OISTE Foundation is working with the United Nations and International Organizations. Swiss neutrality, security, and privacy laws allow operations without geo-political or governmental constraints. It Root of Trust is set in a military grade bunker located in the Swiss Alps.

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Certificate Authority

Based on Trusted Root Keys, WISeKey can be the Certificate Authority (C.A.) generating digital certificates for your application.

Use of Digital Certificates

The digital certificate and associated cryptographic assets are used to identify and authenticate devices during their entire life. Only trusted devices can connect to secure networks.

Digital certificates, for instance SSL certificates, can also be used to secure communication channels from devices to gateways/routers, and from gateways/routers to servers.

WISeKey also offers solutions to control the device’s firmware integrity at initial stage (bootloader) and during upgrades in the field.

Certificate Management System

The WISeKey Certificate Management System (CMS) is a software tool with user friendly interface that allows to manage the life-cycle of subscribers and their digital certificates.

The optional security broker allows to authenticate and validate the messages coming from the different IoT devices and transfer only trusted messages to the IoT platform of our customer. The WISeTrust IoT framework can be easily integrated into customer IoT platform as the customer does not need to implement additional security mechanisms.

The WISeKey CMS also includes secure provisioning solutions to help maintain a consistent high system security, even when the IoT device is in an unsecured environment (contract manufacturers, in the field). Devices configuration and firmware upgrades are made easy and secure at any time.

WISeKey CMS can be installed in customer premises, bur for the ones not willing to deploy their own infrastructure, WISeKey can provide trusted services from any of its local secure datacenters in Switzerland, USA, India or China. The managed platform can be accesses through a browser and a web-service API.

WISeKey Certificate Management System is also compatible with third party C.A. based on Microsoft or Enterprise Java Beans Certificate Authority (EJCBA) open source C.A.

Provisioning

It’s mandatory to protect the data when the devices are in operation, but it is as important to protect the devices and related data when the devices are being manufactured or in maintenance.

WISeKey Provisioning solution allows to securely inject security assets, perform device configuration, upgrade software when the devices are being manufactured or in the field running in a non-secure environment.

Security Certifications

The VaultIC offer the best digital security guaranteed by independent certifications:

  • FIPS 140-2 Level 3
  • Based on state of the art secure microcontrollers certified to Common Criteria EAL4+/5+
  • WebTrust seal for CMS platform (annual audit by third party)

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Secure Element: VaultIC

VaultIC is a product family, ranging from tamper-resistant Integrated Circuits to software vaults, to be used as a companion to the IoT-device host processor. VaultIC chips feature a configurable cryptographic tool box for authentication, confidentiality and integrity, executed in a secure environment. VaultIC embeds on-chip non-volatile tamper resistant data storage capabilities for keys, certificates and customer data.

The VaultIC chips’ low-power consumption profile make them a viable solution to meet the limited power budgets of IoT devices. VaultIC comes with middleware enabling secure boot, secure firmware update for IoT devices secure communication (SSL/TLS).

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Summary data sheets

VaultIC 182

VaultIC182 is a hardware secure microcontroller with embedded firmware designed to perform secure authentication of an IoT edge device. VaultIC182 features on chip secure data storage for critical credential like private crypto keys. VaultIC182 helsp protecting IoT edge devices against attacks at IoT device level.

Read More about WISeKey’ solution by downloading VaultIC 182

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VaultIC405 is a secure hardware microcontroller with embedded firmware designed to perform secure authentication, integrity and confidentiality. It can be used for secure authentication, Secure boot, secure communication between the edge device and back-end server, secure provisioning. It is a secure crypto module with on chip secure data storage for critical credential or specific customer data.

Read More about WISeKey’ solution by downloading VaultIC405

White Paper

What is an Industrial Programmable Logic Controller (IPLC)?
Industrial Programmable Logic Controllers (IPLCs) are an integral part of Automated Production Systems (APS). They are designed to produce quality products at a cheaper cost and with fewer human operations. IPLCs first appeared at the end of the 1960s to meet demands from the automotive industry for increased adaptability in their control systems.
Reduced electronic costs then made it possible to replace hard-wired logic (electromagnetic relays and pneumatic systems) by programmable logic (microprocessors).
This paved the way for the first Industrial Programmable Logic Controllers, a kind of computer adapted to the relatively constrictive world of industry: dust, humidity, temperature, vibrations, simple programming language required for user-friendly operations (implementation, troubleshooting by non-IT specialists), upgradable hardware.Read More about WISeKey’ solution by downloading Security industrial plant
DDOS

The development of Internet of Things (“IoT”), based on the collection and management of large amounts of data, can only happen if data can be trusted. To achieve this, the most important security functions to secure IoT are:

  • Authentication: confirming the identity of the communication peer;
  • Secure communication: Protecting the data in transit;
  • Secure Execution of code: Protecting the data in process;
  • Secure storage: Protecting data at rest

The use of proven technologies coming from Information Technology and the security market, adapted to the IoT, offer the best solutions to secure the IoT infrastructure.
Read More about WISeKey’ solution by downloading White Paper IoT Security Solutions

DDOS

The 18th of September, OVH, “the number 3 internet hosting company in the world” has been faced the most massive DDOS attack. It has been resolved on the 23rd of September.DDOS (Distributed Denial of Service) attack is more and more common on the internet, on the 21st of October Dyn experienced a similar attack scenario. The issue was resolved 10 hours later. Dyn is providing web site name to dynamic IP address translation. If you want to access a network from internet, you need to translate the URL into an IP address which may change from time to time. This is what Domain Name System is solving.

These attacks are the largest ones reported so far.

Read More about WISeKey’ solution by downloading White Paper DDOS

DDOS

Videos

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WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN) announced today the launch of the Industrial Internet of Things (IIoT) chip embedded with cryptographic Root of Trust (RoT) and problem-solving Artificial Intelligence (AI) solutions as part of its Vertical Platform.  WISeKey’s IoT cybersecurity Vertical Platform allows IoT devices to organize themselves into trusted networks based on mutual authentication, identity and integrity.

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This new technology enables IoT connected devices which can provide a recognized identity and a valid integrity report to communicate with peer devices within the community.

This new capability will enable authenticated sensor data. Currently, most IoT devices are not built with embedded secure systems, which makes these devices vulnerable to exploits. By integrating Artificial Intelligence (AI) into the IoT hardware and platform, objects connected to the Vertical Platform can develop their own cybersecurity behavior and make smarter and safer decisions.

Objects secured with these IIoT chips produce a huge amount of Big Data that when analyzed with AI can help industrial applications to predict the failure of their equipment before it happens.  The WISeKey platform allows the IoT device equipped with these chips to send authenticated data to the cloud using a dual factor authentication at the device level. Imagine a smartcard sending authenticated data of each component of the car to predict when these parts will require maintenance and to digitally sign all the logs required to prove that service was provided. This platform which can be used in different industrial applications allows optimized productivity across industries through predictive maintenance on equipment and machinery, creates truly smart homes with connected appliances and provides critical communication between devices including self-driving cars and smart homes. The possibilities that IoT brings to the table are endless.

WISeKey’s technology creates a platform that helps connected devices to become intelligent devices that can learn from attacks, defend themselves, and transfer this intelligence to other devices in the network.

Additionally, WISeKey’s technology provides smaller IoT manufacturers that do not have the resources or expertise to perform thorough security analysis of their products will the ability to adopt this platform, reducing the number of unprotected products that are released to consumers.

Carlos Moreira, founder and chief executive of WISeKey said: “This new platform opens up many possibilities for improving the overall security functionalities and creating new business processes by taking advantage of the world of digital identification at the object level, which once combined with Big Data allows us to gather and process all available information and generate actionable insights.”

Mr. Moreira added, “We call this new technology Trust of a Chip (ToC), which offers a full integration of several key security elements on the chip instead of installing and testing these security elements separately on the device. This integration reduces the size of the chip, lowers the cost and increases the level of security as no one can externally access and manipulate the integrity of these chips.

“The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive − from factory floors, to hospital operating rooms, to residential homes – including billions of objects and devices from refrigerators, watches, wearables to wine bottles – everything that can connect and communicate via the Internet.”

The IoT security market is expected to grow from $6.89 billion in 2015 to nearly $29 billion by 2020 according to a report published by Markets and Markets, thus growing at an annual rate of 35%. These massively deployed connected objects are facing regular attacks hence generating a large need for trusted end-to-end cybersecurity solutions. This problem is affecting billions of people and IoT devices worldwide, and manufactures of these devices could be forced or incentivized to spend money to make their devices secure, as regulators might impose liabilities on them.

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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.

To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

Press and investor contacts

WISeKeyCompany Contact:Carlos MoreiraChairman & CEO

Tel: +41 22 594 3000

info@wisekey.com

WISeKey Investor Relations (US)Contact:Lena CatiThe Equity Group Inc.

Tel: +1 212 836-9611

lcati@equityny.com

Disclaimer:

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.

WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN) announced today, that WannaCrypt ransomware – also known as WannaCrypt, WannaCry, or Wcry – has exploded across dozens of countries, infecting hospitals, businesses, metro stations, universities, and governments.  After an initial infection, probably by a spam email or an exploit kit downloaded from a vulnerable website, WannaCrypt spreads across vulnerable Windows endpoints by a Trojan that spreads within networks by exploiting a vulnerability in Microsoft’s SMB file-sharing services.

In recent years, ransomware attacks were relatively constrained in impact.  The difference with WannaCrypt is its sheer scale spanning the globe and industries as well as its clear criminal intent to hold legitimate online activities to ransom.  And, unfortunately, WannaCrypt is only a leading indicator, with security researchers now finding dozens of new ransomware derivatives each month.

Cybersecurity forecasts always seem low in retrospect

Security issues, and efficiently mitigating their impact, are a fact of life on the Internet.  It’s the marriage of the vulnerability with cybercrime that is confounding the ability of analysts to accurately predict the growth of cybersecurity investment, with even the most radical forecasts being outstripped in retrospect.

WISeKey is part of the next generation of cybersecurity companies seeking to step up to the challenge.  WISeKey’s Vertical Trust Platform seeks to help companies address security challenges through better authentication and encryption for legitimate users, devices, emails, and documents.  WISeKey has particular capabilities in the vastly important Internet of Things (IoT) sector.

Taking IoT cybersecurity seriously

Carlos Moreira, Chairman and CEO of WISeKey, commented: “WannaCrypt has created significant economic damage – simply through its limited attacks on Windows-based machines.  Can you imagine the degree of damage when these attacks move wholeheartedly into the IoT world, pulling in internet-connected devices of every description from home appliances to industrial gear?  We are already seeing examples where compromised video cameras are being used in botnets, and it’s only a matter of time before we see a WannaCrypt-scale attack on IoT.  The attraction of these IoT targets to criminals, competitors, hacktivist or surveillance is too great to ignore.”

The WISeKey approach uses the same cryptographic chips – long a staple of smartcards and networking gear – for IoT devices allowing secure and tamperproof management of the encryption keys that identify devices, control their capabilities and encrypt their communication.  The WISeTrust IoT platform leverages WISeKey’s Semiconductors division (a leading provider of cryptographic chips) and WISekey QuoVadis (a specialist in managed public key infrastructure solutions).

The world loves the new features that become possible through IoT – but events like WannaCrypt should remind us that we must take the cybersecurity of IoT very seriously so that our world of smart devices don’t become pawns in far-flung Internet attacks.

https://www.wisekey.com/solutions/secured-iot/

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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 on-line 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

WISeKeyCompany Contact:Carlos MoreiraChairman & CEO

Tel: +41 22 594 3000

info@wisekey.com

WISeKey Investor Relations (US)Contact:Lena CatiThe Equity Group, Inc.

Tel: +1 212 836-9611

lcati@equityny.com

 

Disclaimer:

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.

WISeKey International Holding Ltd (“WISeKey” or the “Company”) (SIX: WIHN) celebrated its first year of the listing of its WIHN Class B shares on the SIX Swiss Exchange on March 31, 2016, and its  substantial achievements in several key areas during 2016. The year 2016 was a transformational year for the Company. Due to a well thought acquisition and business plan deployment, WISeKey evolved, in just one year, from a Swiss startup into a global cybersecurity/ IoT player and the only Cybersecurity/IoT platform offering an end-to-end trusted cybersecurity platform. Today’s cybersecurity trends are evolving at an overwhelming pace and information security and secure communication are  becoming one of the largest challenges facing both governments and private sector and has been identified as mega trends of the Digitalization and Internet of Things. The overall WISeKey objective to provide secured solution including hardware and software components, is viewed as visionary and a unique platform. This was achieved by a combination of factors, including the strategic decision we made to target and complete strategic acquisitions which have provided WISeKey with an unparalleled vertically integrated digital identity, security and IoT ecosystem of products and services.

Today, WISeKey offers a comprehensive and integrated trusted platform of services by combining cybersecurity, Root of Trust along with IoT, semiconductors and block chain, which we believe is the key differentiator that sets WISeKey apart from its competitors, creates substantial cross-IP and cross-selling opportunities and will be the catalyst of our growth from new technologies and client acquisitions.

2016: created a Vertically Integrated Platform FOR THE INDUSTRIAL INTERNET

In 2016, WISeKey completed the acquisition of VaultIC, the semiconductor business segment of INSIDE Secure and in early 2017 it completed the acquisition QuoVadis B.V. These two strategic acquisitions, as well as partnerships with SAP, Microsoft, MasterCard, CenturyLink and Cisco have underlined WISeKey’s strategy to become a global  leader in providing secure technologies and solutions for the mega trend IoT. In addition, the acquisition of QuoVadis has improved WISeKey’s strategic position in the Digital Certificate market. WISeKey is currently aligning and integrating all their different products and product development cycles to its platform strategy.

Through these acquisition, WISeKey has expanded its client base by adding more than 300 large cap and 3000 overall customers worldwide including Europe, the United States, and Australia.

MOVING FORWARD: 2017 MARKS THE beginning OF A NEW ERA FOR WISEKEY

 The acquisitions of VaultIC and QuoVadis will add significant revenue to WISeKey’s top line in 2017, complement its existing operations and presents new revenue opportunities.  In addition, recently announced partnerships such as the new joint ventures in high growth markets such as Argentina and India present significant opportunities for revenue growth.  Finally, WISeKey is pursuing additional joint ventures for selected jurisdictions as well as acquisitions in the European cybersecurity and Blockchain space.  These developments have paved the way for 2017 to become a year of significant corporate, operating and financial improvements for WISeKey.

Opportunities ahead

Cybersecurity Ventures predicts that global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021. In 2004, the global cybersecurity market was worth $3.5 billion — and in 2017 is expected to reach more than $120 billion. The cybersecurity market grew by roughly 35x over 13 years. While all other tech sectors are driven by reducing inefficiencies and increasing productivity, cybersecurity spending is driven by cybercrime. The unprecedented cybercriminal activity we are witnessing is generating so much cyber spending, it’s become nearly impossible for analysts to accurately track. (Cybersecurity Ventures, n.d.)

Addressing the fast growing IoT market

The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive − from the factory floor, to the hospital operating room, to the residential home − everything, from refrigerators, watches, wearables to wine bottles, is connecting and communicating via the Internet.

The WISeKey’s IoT offering can secure IoT Edge devices that can be integrated with industry-leading platforms, e.g. SAP’s HANA, Microsoft Cloud, etc. WISeKey will continue offering chip-to-root technology (as it is the case with Bulgari Intelligent watch and Hublot watches, which WISeKey has been cooperating since 2014) thereby offering an integrated solution including chips, asymmetric digital authentication and identification as well as encryption solutions.

The IoT security landscape is still evolving even as the IoT adoption is likely to pick up. We believe early movers in this space such as WISeKey stand to gain big, since Root of Trust (“RoT”) is required for secure communication over IoT.  WISeKey is well positioned to generate operational synergies from cross-selling opportunities in the space through its expanded offerings by integrating chips, SAP’s HANA and other key technologies. WISeKey-s OISTE Root is unique among publicly trusted Roots with its affiliations with Economic and Social Council of the United Nations (“ECOSOC”) and the Non-commercial Users Stakeholders Group (NCSG), ensuring geopolitical neutrality and data sovereignty.

This is a key differentiator for the company vis-a-vis its competitors. This is especially important as the WISeKey RoT serves as a common trust anchor, which is recognized by operating systems (OS) and IoT applications to ensure the authenticity, confidentiality and integrity of on-line transactions. We believe these features could be vital in creating significant business opportunities with various governments, international bodies, industrial companies which are wary of foreign government oversight and centralization of data on servers outside their jurisdiction.

Also, multinational corporations that need to comply with International Standards on the deployment of their IoT infrastructural are ideal candidates for WISeKey Trust Model. Amidst the threat of increasingly sophisticated data and online identity thefts, WISeKey’s robust solutions should ensure data protection for its customers including individuals, enterprises & their IoT objects and government organizations.               

Unique Swiss cryptographic Root of Trust for the Internet of Things market

RoT is the basis for a global end-to-end security solution. RoT serves as a common trust anchor, which is recognized by the operating system (OS) and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the certificates signed by this cryptographic RoT, embedded in the device, the IoT product manufacturers can use Public Key Infrastructure (“PKI”) technologies to secure interaction among objects and between objects and people.

WISeKey is the trusted operator of the International Organization for the Security of Electronic Transaction (“OISTE”) Global Root, which is widely distributed in commonly used software. The OISTE Foundation is working with the United Nations and International Organizations. Swiss neutrality, security, and privacy laws allow operations without geo-political or governmental constraints. It Root of Trust is set in a military grade bunker located in the Swiss Alps.

Launched a secured Internet of Things

The solution, called WISeKeyIoT is a scalable framework, offering digital Public Key Infrastructure (PKI) certificates for connected devices, protected in certified tamper resistant silicon chips, as well as an outsourced or on-premises certificate management system, with device life cycle control functions and security enforcement entities. The digital PKI certificates can be signed by the publicly trusted root, owned by OISTE (https://oiste.org/) and operated by WISeKey.

IoT is a very promising new business segment for WISeKey, with an estimated 50 billion devices are expected to be connected by 2020, while world’s population is estimated to grow to 6.8 billion; thus, there will be more than 7 devices per person connected to the internet by 2020 (Cisco, n.d.). As a result, a huge and increasing amount of data will be interchanged between connected devices and back-end servers, allowing companies to provide users with new type of exciting applications, which will be designed to offer increased control over the use of resources: improve efficiency in power grids, optimize processing of information in industrial environments, provide better and higher quality healthcare services and personalized experience for shopping or leisure, among others.

This is only possible though, if the data can be trusted. The IoT business case will collapse if over time hackers get access to devices, change the way they operate, intercept and modify data, or bring down systems by executing Distributed Denial of Service attacks through the devices on a network.

It is therefore crucial to implement security features in the system from scratch. Not only in the back-end system, using the PKI technologies proposed by the framework WISeKeyIoT, but as well as in the otherwise vulnerable connected objects in the field, made secure through the tamper resistant chip technology, all part of the WISeKey framework.

About WISeKey

WISeKey is a worldwide leading Cybersecurity company. Since its foundation in 1999, WISeKey has provided specialized technologies for data protection and effective identification and authentication of people and objects to ensure secured communications and transactions without compromising trust. WISeKey runs its own Root of Trust Cybersecurity platform and identity-based data security solutions for international organizations, governments, enterprises, and consumers spanning 102 countries. In 2015 its Root of Trust based security was embedded in over 2.6 billion browsers, sensors and wearables. WISeKey also offers the industry’s trusted suite of IoT security products using the fact that authentication is becoming an increasingly important Cybersecurity IoT consideration. WISeKey, listed at the SIX Swiss Exchange, is headquartered in Geneva (Switzerland) and has a second operational hub in the U.S.

Press and investor contacts

WISeKeyCompany Contact:Carlos MoreiraChairman & CEO

Tel: +41 22 594 3000

info@wisekey.com

WISeKey Investor Relations (US)Contact:Lena CatiThe Equity Group, Inc.

Tel: +1 212 836-9611

lcati@equityny.com

 

Disclaimer:

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.

 

WISeKey International Holding (SIX: WIHN), a leading Swiss cybersecurity and IoT company, unveiled today its global solution for securing the Internet of Things (IoT).

The solution, called WISeKeyIoT is a scalable framework, offering digital Public Key Infrastructure (PKI) certificates for connected devices, protected in certified tamper resistant silicon chips, as well as an outsourced or on-premises certificate management system, with device life cycle control functions and security enforcement entities. The digital PKI certificates can be signed by the publicly trusted root, owned by OISTE (https://oiste.org/) and operated by WISeKey.

“We are the only company able to combine in-house expertise in certificate distribution and management with our certified tamper resistance semiconductor technology, and offer a global security framework for the IoT. This technology offers a really seamless solution for the most cost effective integration of security in devices and back end systems,” said Bernard Vian, General Manager of WISeKey Semiconductors.

The IoT is a very promising new business segment for WISeKey, with an estimated 50 billion devices are expected to be connected by 2020, while world’s population is estimated to grow to 6.8 billion; thus, there will be more than 7 devices per person connected to the internet by 2020. As a result, a huge and increasing amount of data will be interchanged between connected devices and back-end servers, allowing companies to provide users with new type of exciting applications, which will be designed to offer increased control over the use of resources: improve efficiency in power grids, optimize processing of information in industrial environments, provide better and higher quality healthcare services and personalized experience for shopping or leisure, among others.

This is only possible though, if the data can be trusted. The IoT business case will collapse if over time hackers get access to devices, change the way they operate, intercept and modify data, or bring down systems by executing Distributed Denial of Service attacks through the devices on a network.

It is therefore crucial to implement security features in the system from scratch. Not only in the back-end system, using the PKI technologies proposed by the framework WISeKeyIoT, but as well as in the otherwise vulnerable connected objects in the field, made secure through the tamper resistant chip technology, all part of the WISeKey framework.

“It all starts with the billions of devices currently accessible to everyone, either through the internet or physically, and therefore comprehensive solutions need to be implemented to protect and authenticate these devices. Currently, there is a huge number of malware currently invading the internet, which can easily hack personal computers due to lack of and/or low security, including poor passwords. As billions of new devices continue to connect to the IoT each year, many continue to remain unprotected, which provide hackers with an opportunity to easily hack personal and corporate data. The best defense against hacking is a tamper resistant chip installed on each device, on which we can build a global trust structure, leading to a publicly available certification of the authenticity for each device and the data it handles. With WISeKeyIoT, we not only offer the system and components needed to build a secure IoT, but as well as the expertise and flexibility needed to help our customers to integrate the right security solution in the vast variety of the IoT landscape. This a truly unique position on the market,” said Benoit Makowka, Vice President and head of the IoT business line of WISeKey.

WISeKeyIoT, the most comprehensive security framework will be shown at the Hannover Messe 2017, the world’s largest industrial fair, from April 24 to 28 in Hannover, Germany. WISeKey’s booth will be located: Hall8, Stand F21 (for more information please visit: goo.gl/TJMIyz)

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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.

To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

For further information, please contact:

WISeKeyYoumna AbisalehMarketing CommunicationsTel: +41 22 594 3000

info@wisekey.com

Investor Relations (United States)Lena CatiThe Equity Group, Inc.Tel: +1 212 836-9611

lcati@equityny.com

 

Disclaimer:

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.

WISeKey International Holding Ltd (SIX: WIHN, a leading Swiss cybersecurity and IoT company, whose Class B Shares are listed on the SIX Swiss Exchange, announced today that it has completed the previously announced acquisition of Quovadis Holdings Ltd (“QuoVadis”), a leading cybersecurity company with strong focus in next generation Public Key Infrastructure (“PKI”), Certification Authority (“CA”) and electronic signature services (“eID”), with operating activities in Switzerland, Germany, the Netherlands, Belgium, the United Kingdom and Bermuda.

The consideration paid to QuoVadis’ selling equity holders ABRY and One Communications Ltd. (formerly known as KeyTech) consisted of a cash consideration of USD13,000,000, plus 1,110,000 newly issued Class B Shares of WISeKey issued from existing authorized capital, subject to a lock-up period of three months. WISeKey will also repay indebtedness of QuoVadis in the amount of USD2,000,000.

WISeKey and management have each a right to acquire and sell, respectively, the remaining 15%-stake of QuoVadis’ management in May 2018 based on QuoVadis’ performance in financial year 2017, at the election of WISeKey in cash or against Class B Shares. Any issuance of new Class B Shares would be capped at 946,000 Class B Shares.

This acquisition positions reinforces WISeKey position as a market leader in this newly emerging industry referred to as Vertical Platforms for IoT Security Technologies. In its recently-released TechRadar report for security and risk professionals, Forrester Research has discussed the outlook for the 13 most relevant and important IoT security technologies and identified the sector between Cybersecurity and IoT in which WISekey operates as one of the highest growing sectors in the next five years. The continued evolution of IoT-specific security threats is expected to drive innovation and lead to the appearance of more new IoT-specific security technologies in the creation phase in the near future, many of which may align around WISeKey vertical- and industry-specific platforms, such as connected cars, connected medical devices or industrial applications.

The acquisition of QuoVadis will allow WISeKey to reinforce its IoT PKI offering. IoT PKI is defined as the provision of a complete X.509 digital certificate and cryptographic key and life-cycle capabilities, including public/private key generation, distribution, management, and revocation. The hardware specs for some IoT devices may limit or prevent their ability to utilize PKI. Digital certificates can be securely loaded onto IoT devices at the time of manufacture and then activated/enabled by third-party PKI software suites; the certificates could also be installed post-manufacture. Sample vendors: DigiCert, Entrust Datacard, Gemalto, HPE, Symantec, and WISeKey.

In addition to technology and clients, QuoVadis brings to WISeKey its strength serving enterprise customers, with more than 300 large cap and 3,000 overall customers worldwide, including Europe, the United States and Australia. The Transaction will bring strong synergies to WISeKey with the large recurring customer base of QuoVadis’ proven Trust/Link and sealsign technologies; in-depth operations experience running multiple secure and high-availability trustcentre environments under strict accreditation regimes; and adopt sales and support teams based in important customer markets, including Switzerland.

For FY2016, QuoVadis generated approx. USD18 million of revenues and approx. USD4 million of EBITDA. For FY2017, QuoVadis projects stand-alone revenues in excess of USD20 million and EBITDA of USD7 million.

The pro forma combined, consolidated revenues for FY2016 of WISeKey, Vault IC and including Quovadis are approx. USD51 million. For FY2017, WISeKey currently expects revenues of between USD110m – USD120m.

ACXIT Capital Partners AG acted as exclusive strategic and financial advisor to WISeKey and Homburger AG acted as legal counsel to WISeKey in this Transaction. Marlin & Associates acted as strategic and financial advisor to QuoVadis, and Kirkland & Ellis acted as legal counsel to investment funds managed by ABRY Partners II, LLC, which were the selling equity holders in the transaction together with KeyTech Limited.

Carlos Moreira, Chairman & CEO of WISeKey, commented: “We are excited to announce that this strategic acquisition of QuoVadis has now been completed. This acquisition will immediately give WISeKey access to a large clientele in the financial, industrial, and media sectors and expand our geographic footprint in Europe”. WISeKey started 2017 on a strong note, and will continue to expand its business globally in the months to come, in particular in the U.S.”

Roman Brunner, CEO of QuoVadis, said: “We are pleased that the transaction with WISeKey has now closed. The acquisition by WISeKey will enable QuoVadis to extend our growth serving our multinational corporate markets, as well as the fast evolving markets for eIDAS cross border services and Internet of Things (“IoT”)”.

About WISeKey

WISeKey is a leading cybersecurity company currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the 4th Industrial Revolution movement. WISeKey’s Swiss based Cryptographic Root of Trust (“RoT”) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers.

For more information, visit www.wisekey.com

To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

About QuoVadis

A leading global Certification Authority (CA), QuoVadis provides managed PKI platforms for digital certificates, TLS/SSL, eID, and e-signatures tailored to multinational enterprises and the European markets. QuoVadis is a Qualified Trust Service Provider (TSP) in the European Union and Switzerland. QuoVadis digital certificates and services are audited and accredited under European (eIDAS) and Swiss (ZertES) electronic transactions standards, as well as the global WebTrust standard. With a European headquarters in St. Gallen, QuoVadis also has operations in Germany, the Netherlands, Belgium, the UK, and Bermuda.

For more information, visit www.quovadisglobal.com

Press and investor contacts

WISeKeyCompany Contact:Carlos MoreiraChairman & CEO

Tel: +41 22 594 3000

info@wisekey.com

WISeKey Investor Relations (US)Contact:Lena CatiThe Equity Group Inc.

Tel: +1 212 836-9611

lcati@equityny.com

QuoVadisCompany Contact:Stephen DavidsonQuoVadis Group

Tel: +441 278 2803

s.davidson@quovadisglobal.com

Disclaimer:

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.

WISeKey International Holding Ltd (“WISeKey” SIX: WIHN), a Swiss based cybersecurity company, announced during its participation at the Rwanda Investment Board Blockchain event, the intention to establish a BlockChain/IoT Center of Excellence in Rwanda. The Center will deploy a “Trusted Blockchain as a Service” platform to enable the creation of a Blockchain Ecosystem in Rwanda. The project is part of the broader Smart Africa initiative with 17 countries already on board and embracing the 4th Industrial Revolution. This represents a market of about 360 million people.

WISeKey will work with experts from industry, government, and academia to address businesses’ most relevant Blockchain opportunities with practical, standards-based solutions. This dedicated Center of Excellence will conduct research, rapid pilot prototyping, co-creation of use cases and IP creation on Blockchain technology and platforms. The Rwanda BlockChain/IoT Center of Excellence will recommend a National Blockchain Platform to facilitate enterprises to swiftly adopt Blockchain based solutions and services.

The Rwanda Blockchain/IoT Center of Excellence will help position the country as a key and active player providing access to policy, technical and business expertise. WISeKey will be cooperating with local companies participating at the Center of Excellence, building points of view, proof of concepts, policies, educational materials all the distributed ledger capabilities across different Blockchain schemes (public, consortium and private), with industry verticalization and domain specialization (IoT, transactions, messaging, etc.), underpinned by the best underlying technologies from startups, our key partners and from the community.

Hon. Jean Philbert Nsengimana, Rwanda’s Minister of Youth & ICT, noted, “This initiative is in line with President Paul Kagame’s vision to leverage information and communication technologies for transformation and growth, while ensuring wins and gains for citizens.”

Minister Nsengimana added, “To succeed in making African homes, offices, schools and cities smart, we have to harness opportunities in exponential technologies. These technologies include artificial intelligence, robotics, drones, big data, internet of things (IoT), Blockchain, and 3D printing.”

At the center of this initiative, WISeKey will be localizing a WISeID Blockchain in Rwanda. WISeID uses Blockchain as a public, immutable ledger that allows third parties to validate that the original digital identity or attribute certifications provided by a third trusted party has not been changed or misrepresented. Keeping control of digital identity is key to protecting user’s personal data. Each WISeID node gets a copy of the WISeID Blockchain and gets downloaded automatically upon joining the WISeID network. Through the WISeID Blockchain application, users are always in control of their digital identity stored on their mobile device, IoT sensor and/or computer. The user determines which identification attributes are shared with social media, credit card companies, merchant sites etc. so that they never disclose the Personal Identifiable Information (PII) if not required or necessary.

“Rwanda and its government are to be commended for their vision and action to establish the country as one of the most technologically advanced nations in the world,” said Carlos Moreira, Founder and CEO of WISeKey. “We strongly believe that the Blockchain/IoT Center of Excellence will enable dramatic increases in business volume and efficiencies. Establishing Rwanda as a Blockchain/IoT service hub will provide benefits across many industries and encourage technological developments that can serve the continent.”

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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 on-line transactions among objects and between objects and people.

To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

For further information, please contact:

WISeKeyYoumna AbisalehMarketing Communications+41-22-594-3000

yabisaleh@WISeKey.com

Investor Relations (United States)The Equity Group, Inc.Lena Cati212-836-9611

lcati@equityny.com

 

Disclaimer:

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.

WISeKey International Holding Ltd (WIHN.SW), a leading Swiss cybersecurity and IoT company unveiled today its Security Solution for the Internet of Things (IoT), englobing multiple connectivity technologies including Sigfox.

“It is a great step towards integration of the needs of the various networks occupying the field of device connectivity, all requiring a high level of security, but all not necessarily with the same constraints in power consumption and available resources,” noted Benoit Makowka, Vice President of WISeKey’s IoT business line.

WISeKey’s security solution, called VaultIC184, consists of a tamper proof silicon chip, based on a state-of-the-art secure microcontroller development, certified to Common Criteria EAL4+/5+ and FIPS 140-2 Level 3, a Sigfox specific Application Programming interface, based on the latest specifications, allowing device manufacturers an easy integration of the module, as well as a provisioning service, transferring the burden of device personalization from the device manufacturing line to WISeKey’s secure Personalization Center.

Moreover, the versatile security module, implementing Elliptic Curve Public Key cryptography PKI primitives as well as the specific Sigfox requirements, is a perfect solution for companies providing multi-network solutions requiring a state-of-the-art security coverage on all network types. Designed for low cost, power and surface constrained devices, it proposes industry standard I2C connectivity, very low power consumption and a very little footprint.

“Our flexible Personalization Center in the South of France and our central Public key based IoT framework in Geneva, once again demonstrate their unique ability to provide turnkey solutions to our customers, a very appreciated asset,” said Benoit Makowka. “With this Sigfox specific secure add-on, we are expanding our offer of securing the IoT to the very promising Low Power Wide Area Networks, of which Sigfox is a forerunner.”

VaultIC184 is part of WISeKey’s global end-to-end scalable security framework WISeTrustIOT, a Public Key Infrastructure based overall response to mitigate ever increasing risks of cyber-attacks in IoT.

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading cybersecurity company currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the “4th Industrial Revolution”.  WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. The RoT serves as a common trust anchor, which is recognized by the operating system and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the cryptographic RoT embedded on the device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature as a service to secure interactions among objects and between objects and people. WISeKey has patented this process in the USA as it is currently used by many IoT providers.

To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

For further information, please contact:

Press Investor Relations (United States)
Jean-Yves LeSauxVP, Sales & Business DevelopmentorCarlos Moreira,

Founder & CEO

+41-22-594-3000

info@wisekey.com

The Equity Group, Inc.Lena Cati, 212-836-9611lcati@equityny.com

 

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of the Companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Companies are 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 the Companies and their 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 the WISeKey.

 

WISeKey International Holding Ltd (WIHN.SW) (“WISeKey”), a leading Cybersecurity and IoT company, today announced the aggregation of over 35 new patents to its Patent Portfolio https://www.wisekey.com/patents/ required to integrate the OISTE/WISeKey Root of Trust into IoT embedded devices with problem-solving Artificial Intelligence (“AI”) solutions. For WISeKey adding to its patent portfolio and intellectual property is key to ensuring that the company will be a major player in the “DeepTech” for years to come. This allows to distinguish WISeKey from other companies that use technology that is commonly available as WISeKey technology focus on integrating unique technology that is differentiated, protected and hard to reproduce based on tangible scientific discoveries or engineering innovations. By integrating these technologies WISEkey is trying to solve big issues that really affect the world.

The new patents cover a range of technologies for IoT and Semiconductors, particularly those that help make enterprise-level computing services more trusted, reliable and secure. The most notable patent acquisition by WISeKey on IoT and semiconductors happened in 2016 when the company purchased 17 new IoT patents from Inside Secure, which at the time allowed the company to create the first ever comprehensive trusted end-to-end cybersecurity platform for people and objects (IoT). Following this acquisition, WISeKey’s cybersecurity offerings includes now certified hardware & software, system certification, provisioning and up to management of cybersecurity services.

While IoT remains wildly insecure, thanks to the integrated solution operated by the WISeKey Vertical Platform, IoT devices would be able to organize themselves into trusted networks based on mutual authentication, identity and integrity. This trusted cybersecurity platform will only enable IoT devices which can provide a recognized identity and a valid integrity report to communicate with peer devices that are part of the trusted community.

WISeKey is also adding AI at the chip level together with the WISeKey RoT it will allow IoT to provide authenticated sensor data. Current IoT data do not provide value for their manufacturers unless it can be converted into actionable, contextualized information generated by IoT sensors fully identifiable.  The majority of IoT devices are not built with embedded secured systems thus are very vulnerable.  By integrating AI into the WISekey RoT and Vertical Platform, objects can develop their own cybersecurity behavior, thus making smarter and safer decisions. IoT objects with this technology will learn from attacks, defend them and transfer this intelligence via the WISekey Vertical Platform to other IoT objects peer to peer using a blockchain.

WISekey will include AI solution at the integrated circuits allowing AI to be hosted on a hardware vault with the highest level of certification able to encrypt communications and authenticate the devices. This will also allow AI to leverage the massive big data generated by the deployment of WISeKey’s RoT now embedded in more than 2.5 billion devices worldwide benefitting from the strong cryptographic capabilities deployed in all sorts of IoT products.

The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive − from factory floors, to hospital operating rooms, to residential homes – including billions of objects and devices from refrigerators, watches, wearables to wine bottles – everything that can connect and communicate via the Internet.

The IoT security market is expected to grow from $6.89 billion in 2015 to nearly $29 billion by 2020 according to a report published by Markets and Markets, thus growing at an annual rate of 35%. These massively deployed connected objects are facing regular attacks hence generating a large need for trusted end-to-end cybersecurity solutions. This problem is affecting billions of people and IoT devices worldwide, and manufactures of these devices could be forced or incentivized to spend money to make their devices secure, as regulators might impose liabilities on them.

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading cybersecurity company currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the “4th Industrial Revolution”.  WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. The RoT serves as a common trust anchor, which is recognized by the operating system and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the cryptographic RoT embedded on the device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature as a service to secure interactions among objects and between objects and people. WISeKey has patented this process in the USA as it is currently used by many IoT providers.

For further information, please contact:

Press Investor Relations (United States)
Youmna AbisalehMarketing CommunicationsorCarlos Moreira, +41-22-594-3000

Founder & CEO

info@wisekey.com

The Equity Group, Inc.Lena Cati, 212-836-9611lcati@equityny.com

 

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of the Companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Companies are 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 the Companies and their 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 the WISeKey.

WISeKey International Holding Ltd (WIHN.SW) (“WISeKey”) hosted its 5th Annual Cybersecurity Roundtable Discussion on January 18th in Davos.

Titled Blockchain and The Internet of Value, the gathering of global technology, finance, government, academic and media leaders was a notable feature of the Davos agenda. With a capacity audience of over 300 delegates, a panel of industry experts engaged in an interactive debate about the opportunities and challenges presented by the adoption of Blockchain technology during this time of unprecedented digital transformation.

Since 2013, when the company hosted the first Davos Roundtable on Cybersecurity, WISeKey Founder and CEO, Carlos Moreira has been at the forefront of the industry, leading dynamic and revealing discussions with market experts about the future of securing internet technology.

The 2017 Roundtable opened with a keynote address by the bestselling author of Blockchain Revolution, Don Tapscott. Considered one of the world’s foremost authorities on Blockchain, Tapscott is respected industry wide for writing 15 additional leading technology books including the Digital Economy and Wikinomics. Tapscott’s presentation concluded with the introduction and demonstration of WISeKey’s Internet of Things (IoT) technology, allowing the book to be digitally signed by the author and certified by a Crypto Chip that connects to a Blockchain establishing a trusted ecosystem between the author and his readers. This represents a publishing first.

“I’m pleased to have participated in this important session. In my new book Blockchain Revolution, we explained our belief that Blockchain technology represents nothing less than the second generation of the Internet, and as such we want to ensure it reaches its full potential. It is great to see WISeKey showing leadership in the realm of cybersecurity,” noted Don Tapscott.

Roundtable host Carlos Moreira moderated the session together with David Fergusson, President and Co-CEO of The M&A Advisor, engaging the expert panelists Matthew Bishop, Senior Editor of The Economist; Jean Philbert Nsengimana, Minister of Youth & ICT, Government of Rwanda; Blockchain investor Wang Wei, Chairman of China Mergers & Acquisitions Association; leading Legal Technology Research Professor, Primavera De Filippi; global venture capital expert, Professor Martin Haemmig and the CEO of Blockchain startup Stratumn, Richard Caetano together with Don Tapscott, in a dynamic discussion about the future of securing internet technology.

During the roundtable, a dynamic industry-wide initiative – The HUMAN(IT) Manifesto – was introduced. Co-authored by Carlos Moreira and David Fergusson, and sponsored by WISeKey, the Manifesto is a series of Declarations to encourage and empower the person to be at the center of gravity in the dynamic relationship between humanity and technology.

“Seismic shifts to the major physical systems of the world – transportation, food production, energy consumption, scientific discovery, education and healthcare are occurring at an increasingly rapid pace,” stated WISeKey’s CEO, Carlos Moreira. “David and I have developed The HUMAN (IT) Manifesto to engage technology creators and users around the world to establish a responsible protocol for our future.”

To learn mote about and sign the HUMAN(IT) Manifesto CLICK HERE

 

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity currently deploying large scale digital identity ecosystems with a patented process. 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 on-line transactions among objects and between objects and people.

To receive WISeKey’s latest news, subscribe to our Newsletter or visit the WISeKey  Investors Corner.

For further information, please contact

 WISeKey  Investor Relations (United States)
Youmna AbisalehMarketing Communications+41-22-594-3000yabisaleh@WISeKey.com The Equity Group,Inc.Lena Cati212-836-9611lcati@equityny.com

 

Disclaimer:

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.