WISeAI – fully integrates the Root of Trust and IoT embedded devices with problem-solving Artificial Intelligence (“AI”) solution into WISeKey’s Vertical Platform.
Addressing fast growing IoT market
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.
Our computers and smartphones are as secure as they are because there are teams of specialized security experts working in companies like Google, Microsoft, Apple etc. ensuring their customers are protected. These companies spend a lot of time testing their code before it’s released, and quickly patch vulnerabilities when they’re discovered. Those companies can support such teams because those companies make a huge amount of money, either directly or indirectly, from their software—and, in part, compete on its security. This isn’t true for IoT hardware manufacturers putting unprotected IoT on the market sold at a much lower margin, and are often built by offshore third parties. The companies involved simply don’t have the expertise to make them secure.
“The combination of IoT Cybersecurity technologies developed by WISekey with Artificial Intelligence solutions are a game changer in our industry. 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,”
What is the Internet of Things and why does it matter?
The Internet of Things is now a reality due to the convergence of several technologies.
By combining IoT data with cognitive computing, businesses can extract valuable insights to improve virtually every aspect of their operations and enable innovative, new business models.
A “thing” is any object with embedded electronics that can transfer data over a network — without any human interaction.
Examples are wearable devices, environmental sensors, machinery in factories, devices in homes and buildings or components in a vehicle.
WISeKey and IBM To Showcase Their integrated Solution to Secure IoT at THINK2018 Conference
ZUG, GENEVA, Switzerland- March 19, 2018 – WISeKey International Holding Ltd (WISeKey) (SIX:WIHN), a leading Swiss cybersecurity and IoT solutions company, announced an integration with IBM (NYSE:IBM) to secure the Internet of Things (IoT) using WISeKey’s leading technology. The collaboration will provide enhanced security of sensitive data exchanged between devices across the IoT networks and the IBM Watson IoT Platform, by adding extended capabilities to secure IoT devices and the management thereof from a central location. By doing so, customers benefit from an increased trust in the data handled by their application, and a reduced risk of revenue loss due to cyber-attacks of all kinds thus leverage a greater value of their business.
IBM’s Watson IoT Platform is a cognitive system that learns from, and infuses intelligence into the physical world. Device manufacturers and businesses can use the power of Watson IoT Platform to build specialized, integrated solutions to solve their business challenges. Watson IoT Platform implements a “messaging broker” that allows the exchange of information between devices and business applications, using a secure Public Key Infrastructure (PKI) technology to bring authentication and data encryption. This implies a seamless integration with the WISeKey concept of Root of Trust (RoT) that delivers the digital identity that can be leveraged later in the Watson IoT platform.
WISeKey is the only vendor in the industry providing an integrated solution that combines a back-end certificate and device management system with a hardware “RoT”, a Secure Element (highly secure crypto chip) that protects the digital identity and certificates, to bring trust to the transmitted data through secure authentication of the device and related encryption of the data channel. Going one step further, the WISeKeyIoT components for IBM Watson IoT Platform are now made available to IBM’s technology users. An easy mechanism to create and deploy these digital certificates, as well as a “Security Broker” that manages communications by verifying the security level of the messages and implementing security and business rules, like renewing certificates, managing attributes and other key capabilities that make a difference when deploying securely large numbers of connected devices.
IBM and WISeKey invites to attend THINK2018 event in Las Vegas (March 19-22), where the Watson IoT platform combined with the WISeKey security technology is showcased at the IBM Booth. Special events include 6190A session: “Using Drones and Visual Recognition to Solve Real Business Problems” scheduled for March 19 from 4:30 pm to 5:10 pm at Mandalay Bay South, Level 2 | Surf F.
For more information visit: https://www.wisekey.com/events/ibmthink2018.
“The fact of IBM choosing WISeKey to provide security technology to complement their Watson IoT offering validates our strategy and differential value proposition, based on a vertical platform approach that secures the IoT, from the Root of Trust to the chip,” said Carlos Moreira, Founder and CEO of 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.
| 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
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