ZUG, Switzerland--(BUSINESS WIRE)--WISeKey International Holding Ltd (SWX:WIHN) (“WISeKey”), a leading, Swiss based, cyber security company announced today that during the 2016 M&A Advisor’s International Financial Forum in NYC (#IFFNY) it presented its trusted technology for integrating wearable technology with secure authentication and identification, in both physical and virtual environments, by empowering IoT and wearable devices to become secure transactional devices (http://youtu.be/3ncxkQlqViY). WISeKey has patented this process in the USA as it is currently used by many IoT providers.
The WISeKey/OISTE.ORG Root of Trust (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 Cryptographic Root of Trust 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.
At the heart of this 4th Industrial Revolution strategy is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktop, browsers, mobile devices, SSL certificates and Internet of Things’ devices. The OISTE WISeKey Cryptographic Root of Trust is ubiquitous and universal, and a pioneer in the identification of objects.
It is estimated that the global wearable market will grow at an annual rate of 35% over the next five years. The rapid growth of the number of connected devices is driving the shift from the current traditional mobile payment method to highly secure transactions from wearable devices using trusted communications and authentication technology. WISeKey’s Cryptographic Root of Trust and NFCTrusted© technology enables these wearable devices to connect safely and make secure payments and other transactions.
The WISeID NFCTrusted© can be embedded in a connected device without requiring device modification or app downloads. WISeKey’s NFCTrusted© technology is an evolution of the WISeAuthentic solution that WISeKey has already deployed with several leading luxury brands, including over 1 million watches digitally tagged and for which WISeKey recently obtained a US patent (http://goo.gl/ozgOQm). In February 2015, WISeKey and Bulgari launched the first ever intelligent mechanical watch using WISeKey’s NFCTrusted© technology (https://www.youtube.com/watch?v=GAyKfPOYwws), which allows the watch to execute payments and other transactions without using a mobile phone or other devices connected to the internet.
NFCTrusted© authentication tags incorporate a WISeKey cryptographically secure digital certificate to prove authenticity. NFCTrusted© tags can be embedded in virtually any product, piece of equipment or common household item, and users can verify authenticity with an NFC-enabled smart phone, watch, connected device or other mobile device. This technology not only optimizes security and convenience, but also eliminates the need for special readers or other equipment for tag authentication by using proof of presence. “The combination of trust and convenience opens the door for the use of WISeKey’s NFCTrusted© tags in diverse markets to support a variety of IoT applications,” said Carlos Moreira, CEO of WISeKey.
Video of the International Financial Summit CyberSecurity Roundtable: http://youtu.be/3ncxkQlqViY
- Carlos Moreira, Founder and CEO, WISeKey
- Elena Kvochko, Head of Global Information Security and Implementation, Barclays
- David Turetsky, Partner & Co-leader of Cybersecurity, Privacy and Data Protection Practice, Akin Gump
- Jamey Cummings, Senior Client Partner, Co-Leader Global Cybersecurity Practice, Korn Ferry
- Michael Miller, Former Vice Admiral of the United States Navy, first active-duty officer to direct the White House Military Office
Carlos Moreira’s interview by the M&A Advisor MandaTV can be found at: https://youtu.be/2FH5g5gaoCM?list=PL5WW3f45kHqjzE9_G_Q3MbVKKQjgYO959
WISeKey is Swiss based leading cyber security Company and a World Economic Forum Global Growth Company. Working at the forefront of information cybersecurity, identity management, and mobile software services, WISeKey’s mission is to facilitate the global growth of secure electronic transactions by providing individuals, businesses, and governments with advanced technology and services that authenticate and protect digital identity across the full spectrum of personal, business and administrative transactions online. WISeKey has already embedded root of trust based security in over 2.6 billion browsers, sensors and wearables in addition to offering the industry's trusted suite of IoT security products using the fact that authentication is becoming an increasingly important cyber security IoT consideration WISeKey, (http://www.wisekey.com), is a World Economic Forum Global Growth Company.
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.