WISeKey and SEALSQ Launch at CES 2024 in Las Vegas a New
Service to Elevate Cryptocurrency Security with Advanced Digital
Identification and Robust Multi-Factor Authentication
January 9, 2023: WISeKey International Holding Ltd. (“WISeKey”)
(SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity,
digital identity, and Internet of Things (IoT) solutions operating
as a holding company, today announced that together with its
subsidiary, SEALSQ Corp (“SEALSQ”) (NASDAQ: LAES), a company that
focuses on developing and selling Semiconductors, PKI and
Post-Quantum technology hardware and software products, today
announced the launch of new sophisticated digital identification
service as part of WISeID platform, at the CES 2024 in Las Vegas,
Nevada. This new service is designed to elevate cryptocurrency
security using Advanced Digital Identification and Multi-Factor
Authentication (MFA) capabilities.
In the dynamic realm of cryptocurrency
transactions, security remains paramount. WISeKey and SEALSQ are at
the forefront, offering an unparalleled solution that integrates
WISeID.com sophisticated digital identification with robust
dual-factor authentication, catering specifically to the needs of
cryptocurrency enthusiasts and professionals.
Advanced Blockchain Security
Cryptocurrency transactions, inherently secured by blockchain
technology, present a formidable challenge for cybercriminals
attempting to exploit transactional data. However, the ingenuity of
hackers in devising cryptocurrency schemes to extract sensitive
information, such as wallet key phrases, necessitates enhanced
vigilance.
Elevating Security with MFA
Implementing MFA is a critical defense strategy in safeguarding
cryptocurrency wallets and exchanges. MFA fortifies security by
necessitating multiple verification methods — ranging from
traditional passwords to biometric scans and unique codes generated
by specialized mobile applications. This multi-tiered approach
significantly mitigates the risk of unauthorized access and
fraudulent activities.
Safeguarding Private KeysThe
sanctity of an individual's private key, the sole access point to
their cryptocurrency investments, cannot be overstated. Experts
advocate for the use of hardware wallets, akin to USB devices,
which securely store private codes. Such wallets ensure that the
private key remains encrypted and never directly interacts with
potentially vulnerable online environments. Additionally,
duplicating the hardware wallet and securing it in locations like
safe deposit boxes offers a fail-safe against key loss.
User-Controlled Digital Identities: The
New Norm In a landscape where data privacy is paramount,
digital identities must shift from platform-centric to user-centric
models. This paradigm shift empowers users to maintain control over
their personal information, ensuring privacy and preventing
unauthorized data exploitation by platforms or third parties.
Furthermore, this model facilitates identity continuity across
various platforms and fosters healthy competition among them, as
users can seamlessly transition their digital identities.
WISeID: Pioneering in Trusted Identity
ServicesWISeID's first-generation technology pioneers as a
trusted identity service, streamlining access to web and mobile
applications through advanced authentication methods. The service
encompasses online KYC onboarding, OTP, digital certificate login,
and a revolutionary “hands-free” secure login using QR-Codes. These
QR-Codes, readable via the WISeID suite of mobile applications,
eliminate the need for typing passwords, thereby enhancing both
security and user convenience.
You can download your digital identity at
wiseid.com.
About SEALSQ:SEALSQ focuses on selling
integrated solutions based on Semiconductors, PKI and Provisioning
services, while developing Post-Quantum technology hardware and
software products. Our solutions can be used in a variety of
applications, from Multi-Factor Authentication tokens, Smart
Energy, Smart Home Appliances, and IT Network Infrastructure, to
Automotive, Industrial Automation and Control Systems.Post-Quantum
Cryptography (PQC) refers to cryptographic methods that are secure
against an attack by a quantum computer. As quantum computers
become more powerful, they may be able to break many of the
cryptographic methods that are currently used to protect sensitive
information, such as RSA and Elliptic Curve Cryptography (ECC). PQC
aims to develop new cryptographic methods that are secure against
quantum attacks.For more information, please visit
www.sealsq.com
About WISeKey: WISeKey
International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a
global leader in cybersecurity, digital identity, and IoT solutions
platform. It operates as a Swiss-based holding company through
several operational subsidiaries, each dedicated to specific
aspects of its technology portfolio. The subsidiaries include (i)
SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI,
and post-quantum technology products, (ii) WISeKey SA which
specializes in RoT and PKI solutions for secure authentication and
identification in IoT, Blockchain, and AI, (iii) WISeSat AG which
focuses on space technology for secure satellite communication,
specifically for IoT applications, and (iv) WISe.ART Corp which
focuses on trusted blockchain NFTs and operates the WISe.ART
marketplace for secure NFT transactions.
Each subsidiary contributes to WISeKey’s mission
of securing the internet while focusing on their respective areas
of research and expertise. Their technologies seamlessly integrate
into the comprehensive WISeKey platform. WISeKey secures digital
identity ecosystems for individuals and objects using Blockchain,
AI, and IoT technologies. With over 1.6 billion microchips deployed
across various IoT sectors, WISeKey plays a vital role in securing
the Internet of Everything. The company’s semiconductors generate
valuable Big Data that, when analyzed with AI, enable predictive
equipment failure prevention. Trusted by the OISTE/WISeKey
cryptographic Root of Trust, WISeKey provides secure authentication
and identification for IoT, Blockchain, and AI applications. The
WISeKey Root of Trust ensures the integrity of online transactions
between objects and people. For more information on WISeKey’s
strategic direction and its subsidiary companies, please visit
www.wisekey.com.
Press and investor contacts:
WISeKey International Holding LtdCarlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey Investor Relations (US)The Equity Group
Inc.Lena Cati+1 212 836-9611 / lcati@equityny.comKatie MurphyThe
Equity Group Inc.+1 212 836-9612 / kmurphy@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
the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor
legislation or advertising within the meaning of the FinSA.
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.
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