WISeKey’s Subsidiary, SEALSQ to Launch a
Dedicated Service Supporting OEMs Achieve Compliance with the "U.S.
Cyber Trust Mark" Initiative
SEALSQ at the forefront of a new era in
consumer cybersecurity: IoT devices embedding a SEALSQ VaultIC
secure microcontroller would be more likely to achieve compliance
with the U.S. government program guidelines.
Geneva, Switzerland – October 25, 2023: WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY),
leader in cybersecurity, digital identity, and Internet of Things
(IoT) solutions operating as a holding company, today announced
that its subsidiary SEALSQ Corp (Nasdaq: LAES) (“SEALSQ”) will be
launching a dedicated service to support OEMs achieve compliance
with the "U.S. Cyber Trust Mark" initiative recently announced by
the Biden-Harris administration.
SEALSQ service will bring tools and support to
any IoT device manufacturer willing to achieve compliance to the
“US Cyber Trust Mark” program by leveraging its expertise in
Security by Design. Specifically, IoT devices embedding a VaultIC
secure microcontroller hosting a unique trusted identity provided
and managed by INeS PKI service would be more likely to achieve
compliance with the U.S. government program guidelines.
The "U.S. Cyber Trust Mark" initiative, which is
expected to launch in 2024, is spearheaded by the FCC, and will
seek public feedback. It aligns with cybersecurity criteria from
the National Institute of Standards and Technology (NIST), and
especially NIST IR8425 guidelines emphasizing secure default
passwords, data protection, regular software updates, and incident
detection.
Leading companies in electronics and consumer
products, including Amazon, Best Buy, Google, LG Electronics
U.S.A., Logitech, and Samsung Electronics, are already committing
to enhanced cybersecurity measures for their products.
As part of the program, the Federal
Communication Commission (“FCC”) would allow manufacturers of IoT
devices or products that meet certain cybersecurity standards to
use an FCC-endorsed label known as the "U.S. Cyber Trust Mark.” The
FCC will work with various government agencies to promote consumer
awareness and encourage retailers to prioritize these certified
products. Products with the FCC-endorsed label will feature a QR
code linking to detailed security information, promoting
transparency and informed purchasing decisions.
To ensure the program's integrity, regulatory
bodies and the Department of Justice will provide oversight and
enforcement. The initiative will also focus on consumer-grade
routers due to their vulnerability to serious cyber-attacks, with
NIST setting specific security standards expected by the end of
2023.
Products fortified by these advanced security
measures could soon flaunt the “U.S. Cyber Trust Mark”, a visible
pledge of superior cybersecurity, directly influencing consumer
preference in an increasingly security-conscious market. This
distinctive shield logo, symbolizing resilience against cyber
threats, is expected to steer consumers toward smarter purchasing
decisions, recognizing and prioritizing their digital safety.
Moreover, this proactive embrace of higher
security protocols anticipates a future of tighter regulations,
with SEALSQ paving the way for hassle-free compliance, preventing
cybersecurity incidents, and the potentially disastrous
consequences therein. Their commitment transcends mere regulatory
adherence, signaling a robust defense against financial losses,
safeguarding brand reputation, and, paramountly, fortifying
consumer trust.
The program also heralds new collaborative
horizons. SEALSQ’s advanced security measures could morph into a
beacon for partnership opportunities with major manufacturers and
retailers committed to bolstering cybersecurity. This alignment
creates a robust echo system, advocating for enhanced consumer data
protection and privacy.
SEALSQ also recently announced that it is
providing IoT device makers with Matter Device Attestation
Certificates optionally hosted in a VaultIC secure microcontroller.
“SEALSQ is an expert at designing, governing and managing large PKI
ecosystems to ensure DAC supporting millions of connected devices
and will continue to work closely with the Connectivty Standard
Alliance (CSA) Product Security Working Group to shape the security
in the IoT industry,” said, Carlos Moreira, CEO of WISeKey.
The growing adoption of cybersecurity standards
on the IoT sector reinforces the value proposition of SEASQ as it
will greatly improve interoperability between devices and
security-by-design in the smart home industry, creating a more
efficient and safer experience for consumers.
About SEALSQ
SEALSQ Corp (Nasdaq: LAES) 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 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 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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