WISeKey and SEALSQ Semiconductors Pioneer
a Secure and Seamless EV Charging Experience with
PKI and Root of Trust
GENEVA – June 20, 2023:
WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ:
WKEY), a global cybersecurity leader, and its
subsidiary SEALSQ Corp. (NASDAQ: LAES), an advanced
semiconductor company, today announced that they have commenced the
implementation of an innovative solution for secure and seamless
Electric Vehicle (EV) charging.
This state-of-the-art solution showcases WISeKey
and SEALSQ’s unique capability to seamlessly integrate PKI,
Certified Semiconductors and Provisioning Services in a single
security offering, which is already being evaluated and implemented
in the field by major players in the EV Charging segment in
Europe.
The solution involves a VAULTIC secure element,
provisioned with a trusted identity that is managed through the
INeS Managed PKI as-a-Service portal and offers end-users the
ability to perform secure authentication and trusted, encrypted
data exchange between EV, Station, Network and Service
providers.
By acting as a single security provider across
the chain of trust, the WISeKey group offers unique benefits to its
customers who can achieve the highest level of security and
regulation compliance, while reducing deployment complexity and
time-to-market.
As the number of EVs on the road surges, the
cybersecurity landscape becomes increasingly complex. Known
vulnerabilities in EV charging stations, ranging from lack of
encryption to authentication issues, poses significant threats to
not just the vehicles, but also to the charging stations, charge
point operators, billing and distribution system operators. Threats
are multifaceted, encompassing potential electricity flow
disruption, identity theft, data alteration, and malware
intrusion.
Beyond security concerns, a compelling EV
charging experience requires seamless operability. With the rise of
EV popularity, consumers demand an automated and efficient charging
process that doesn't involve lags or reentering credentials.
Recognizing these challenges, WISeKey and SEALSQ
are creating a safer and more user-friendly EV charging
environment. Their pioneering use of PKI, a tried-and-true method
of securing and authenticating data transfer, coupled with Root of
Trust, a secure crypto processor that authenticates digital
signatures and certificates, can address these pressing issues.
EV charging infrastructure is becoming more
ubiquitous and as a result, the potential cyber vulnerabilities
associated with these systems are attracting increased attention.
There have been proof-of-concept attacks and potential
vulnerabilities identified by security researchers.
Here are a few examples:
- Kaspersky Lab
(2019): Researchers from the cybersecurity firm Kaspersky
Lab demonstrated how a lack of proper security measures could allow
an attacker to switch off parts of an EV charging station. By
taking advantage of this vulnerability, attackers could potentially
turn off charging facilities at peak times, causing significant
inconvenience for EV owners.
- University of Twente and
the Dutch knowledge center Eindhoven University of
Technology (2020): A group of researchers from
these institutions demonstrated vulnerabilities in the protocol
used for communication between EVs and charging stations (known as
the ISO 15118 standard). The researchers showed that hackers could
potentially exploit these vulnerabilities to stop the charging
process or even damage the battery.
- Black Hat Conference
(2017): At this prominent cybersecurity event, a group of
researchers demonstrated a 'Man-in-the-Middle' (MitM) attack on a
commercially available EV charging station. By intercepting
communications, the researchers were able to take control of the
charging process, potentially leading to overcharging risks.
The integration of PKI and Root of Trust into
the EV charging infrastructure serves as a robust shield against
cyber threats, ensuring that EVs and their charging stations are
protected from unauthorized access and malicious activities.
Simultaneously, these technologies help streamline the charging
process, allowing EV owners to enjoy a seamless, hassle-free
experience.
With this groundbreaking initiative, WISeKey and
SEALSQ are creating a new standard for security and operability in
the EV charging sector, contributing significantly to a sustainable
and secure future for the world of mobility.
About SEALSQ
SEALSQ is a wholly owned subsidiary of the
WISeKey Group that focuses on developing and selling
Semiconductors, PKI and Post-Quantum technology hardware and
software products. Our Post-Quantum solutions include Post-Quantum
microchips and devices that can be used in a variety of
applications, from Multi-Factor Authentication devices, Home
Automation, 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 visit https://www.SEALSQ.com
About WISeKey
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.
Press and investor contacts:
WISeKey
International Holding LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212
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.
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