WISeKey is Implementing Post–Quantum Algorithms in its Root of Trust Services and Semiconductors for IoT Security
WISeKey International Holding Ltd (NASDAQ: WKEY) announced advancements in its Post-Quantum strategy aimed at enhancing cybersecurity through new Trust Services. These services utilize post-quantum encryption (PQE) for secure communications, leveraging hybrid signatures for backward compatibility. Aiming to support IoT projects, WISeKey plans to introduce its first Root of Trust using PQE algorithms later this year. Collaborations with NIST and French cybersecurity initiatives bolster their efforts against quantum threats, emphasizing a commitment to robust cybersecurity frameworks.
- Advancement in post-quantum encryption strategy enhances cybersecurity services.
- New Trust Services will utilize PQE, aiding secure communication channels.
- Collaboration with NIST enhances credibility and market positioning.
- Hybrid signatures ensure backward compatibility, broadening service applications.
- None.
WISeKey is Implementing Post–Quantum Algorithms in its Root of Trust Services and Semiconductors for IoT Security
Geneva – August 31, 2022 – WISeKey International Holding Ltd (“WISeKey “) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, Blockchain and IoT company, today announced advances in its “Post-Quantum” strategy designed to support a new grade of future-proof PKI services.
WISeKey is developing a new range of Trust Services, that will take advantage of the latest developments in post-quantum encryption (PQE) to be applied in real-world applications of digital signatures and encryption using PKI and digital certificates, such as secure communication channels (TLS), enhanced Key Exchanges and email security (S/MIME). These services are currently based in standards that can be improved to be resilient to quantum attacks and offer backwards compatibility with existing counterparts. WISeKey implementation of PQE is done around the concept of “hybrid signatures” which combine in a single X.509 certificate a conventional signature with a second signature using a PQE algorithm. This approach ensures backwards compatibility and opens a new horizon of cybersecurity services.
Later this year, WISeKey plans to offer a first “Root of Trust” based in PQE algorithms promoted currently by the NIST as valid candidates, which will be the foundation of a new portfolio of Trust Services and secure several IoT projects on which WISeKey is already working.
Previously WISeKey provided updates on its progress in developing post-quantum resistant algorithms by establishing strategic R&D partnerships with MINES Saint-Etienne Research Institute. WISeKey’s R&D group has been working with several NIST’s candidates for the MS600X Common Criteria products, such as Crystals-Kyber and Crystals-Dilithium, aiming to develop a complete post-quantum cryptography toolbox to be combined with new PKI-related Trust Services delivered by WISeKey.
These post-quantum cryptography initiatives will play a key role in controlling vulnerability and other risks related to quantum computers technologies which when used by hackers can give them the ability to crack cryptography algorithms, corrupt cybersecurity and compromise global economy by undermining the security foundations of the current financial and governmental services. These initiatives have received tremendous support by many government entities around the world through the sponsoring of public/private R&D projects. In particular, WISeKey is active in key initiatives promoted by French Agency for Cybersecurity (ANSSI), and by the National Cybersecurity Center of Excellence of the US NIST.
“WISeKey is, once more, demonstrating a clear focus on playing an active role shaping the future of the internet security. We have a solid approach in developing new products to implement post-quantum encryption technologies, and for this we will be dedicating all the necessary R&D resources,” said Carlos Moreira, Founder and CEO of WISeKey.
WISeKey’s strategy to further expand its U.S. operations will also benefit from its recent collaboration with NIST for the NCCoE Trusted IoT Device Network-Layer Onboarding and Lifecycle Management Consortium project. Additional information on this consortium can be found at: http://www.nccoe.nist.gov/projects/trusted-iot-device-network-layer-onboarding-and-lifecycle-management. For this project, WISeKey is working with NIST to define recommended practices for performing trusted network-layer onboarding, which will aid in the implementation and use of trusted onboarding solutions for IoT devices at scale. The WISeKey contributions to the project will be Trust Services for credentials and secure semiconductors to keep the credentials secure. Specifically, WISeKey will offer INeS Certificate Management Service (CMS) for issuing credentials and VaultIC secure semiconductors to provide tamperproof key storage and cryptographic acceleration.
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 installed base of over 1.6 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 leading edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications 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 Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com | WISeKey Investor Relations (US) Contact: Lena Cati The Equity Group Inc. Tel: +1 212 836-9611 lcati@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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