GENEVA & ZUG, Switzerland & NEW YORK--(BUSINESS WIRE)--WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN), a leading cybersecurity company announced today the release of a special edition of the Digital Identification and cyber-resilience app, WISeID integrating Blockchain technology. WISeID acts as a dual factor authentication technology that sits on top of a BlockChain. The WISeID BlockChain is constantly growing as new blocks are added to it with a new set of recordings. Each WISeID node gets a copy of the WISeID BlockChain and gets downloaded automatically upon joining the WISeID network.
At the heart of this platform 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 creation of Digital Identities. OISTE and WISeKey in cooperation with the Clinton Global Initiative started this project back in 2007 with the objective to issue 1 billion identities to poor people https://www.clintonfoundation.org/clinton-global-initiative/commitments/increasing-digital-connectivity-poor as one-fifth of the world’s population ‒ 1.5 billion people have no proper legal identification, and 50 million children are born every year without a birth certificate and legal identity. This means that these people are off the radar for vital economic services, including such as education and healthcare. This new WISeID BlockChain platform integrates state-of-the-art technologies related to Digital Identity and BlockChain which are in line with the United Nation's Sustainable Development Goals aiming on providing every person on the planet with a solid and tamper-proof digital identity based on common, interoperable standards by 2030. As a first step, the United Nation is seeking to develop scalable identity systems by 2020. This initiative was launched at the inaugural "ID2020 Summit ‒ Harnessing Digital Identity for the Global Community," held at the United Nations headquarters in New York on May 20, 2016.
The WISeID BlockChain operates with the WISeID Kaspersky Lab Security cyber-resilience edition that uses the digital identification to lock personal data such as account usernames and passwords, credit card numbers and access PINs into a secure personal data organizer, creating accountable identities for online activity while the data itself remains protected in a secure cloud vault.
Mobile security threats are increasing in number and sophistication, with hackers looking for sophisticated ways to hijack mobiles for Bitcoin mining, or to trick mobile users into giving up their personal identity and bank account information. Even though mobile operating systems provide app developers with significant security features, hackers have still been able to exploit the massive installed base of Android and iOS devices, using many different infection vectors to place malware.
Without mobile security software, users are vulnerable to all these threats and more. The WISeID Kaspersky Mobile Security SDK includes a robust and proven solution for protecting mobile phones against security threats. The SDK’s inclusion in the app delivers advanced security features like web & network protection, device protection and risk detection to smartphones, offering users an effective layer of self-defense.
Among other things, WISeID keeps passwords in an encrypted vault, generates hard-to-crack passwords, and safely synchronizes data between computers and devices on multiple platforms, using secure cloud storage. The vault can be unlocked only with the user’s Master Password and/or defined pattern, with additional protection provided through facial recognition authentication. WISeID can be accessed online though a single click.
DOWNLOAD: WISeID Kaspersky Lab Security with built-in Kaspersky Mobile Security SDK is available now for iPhone, iPad, Android,Mac OSX, Windows and Kindle, or directly on our website http://www.wiseid.com
About WISeKey
WISeKey (SIX Swiss Exchange: WIHN) is a leading cybersecurity company and selected as a World Economic Forum Global Growth Company. WISeKey is currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the “4th Industrial Revolution” movement launched this year at the World Economic Forum in Davos. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. The RoT serves as a common trust anchor, which is recognized by the operating system and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the cryptographic RoT 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. WISeKey has patented this process in the USA as it is currently used by many IoT providers.
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.
