WISeKey’s WISeID Platform Helps Individuals and Companies Reduce Cybersecurity Risks

Rhea-AI Summary

WISeKey has launched its WISeID cybersecurity platform, providing free access to individuals and companies to enhance protection of digital assets. This initiative aims to reduce cybersecurity risks and offers features like secure email communication, document signing, dual-factor authentication, and cloud storage. The WISeID service is available as a freemium model, allowing users to upgrade for additional features. Compliance with EU regulations enhances its appeal, particularly in fostering digital sovereignty.

Positive

• Launch of free cybersecurity services enhances user trust and accessibility.
• WISeID Cloud Storage allows secure document storage and sharing compliant with EU data regulations.
• Freemium model offers basic services free, with options for upgrades, expanding potential customer base.

Negative

• None.

WISeKey’s WISeID Platform Helps Individuals and Companies Reduce Cybersecurity Risks

WISeKey offers free access to cybersecurity services to anyone in need of protecting their digital assets

GENEVA – March 9, 2022: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain and IoT company, today announced that it has enabled free access to its WISeID cyber security platform of services, aiming to reduce the attack-surface on digital assets and personal information, and securely dematerialize electronic transactions.

WISeID, based on the WISeKey/OISTE Root of Trust, integrates innovative technologies to offer any individual or business entity, the ability to create an account, accessing several basic services, free of charge, which then can be upgraded to access additional multiple cybersecurity services. The WISeID web services and Mobile Applications, already available for download and use, provide users with a digital identity that can be used to secure email communication, digitally sign documents with legal validity and is complemented with features such as dual factor authentication and single sign-on.

WISeID now also includes Cloud Storage, a new feature that enables users to keep a protected vault in the Cloud, using servers secured by WISeKey’s Swiss technologies. WISeID Cloud Storage can be used to store confidential documents in a personal Cloud safe area and be shared securely with other WISeID users, so removing risks for eavesdropping and privacy loss. WISeID Cloud Storage facilitates ubiquitous access to users’ personal files through multiple secure interfaces, like web browser, mobile applications for iOS and Android devices and desktop applications for Windows, Mac and Linux. WISeID Cloud is fully compliant with the EU New Data and Cloud Alliance which offers a broader push toward digital sovereignty, and it is intended to reduce dependencies from foreign technology providers.

The WISeID security features are offered as a freemium service, where users can benefit from a free trial service, fully enabled to cover urgent needs and then, given the choice to purchase digital certificates or permanent storage with secure backup and other advantages, through an annual subscription. The service will also be offered to selected companies, in a B2B model. WISeID is accessible as a web service via the WISeId.com trust services portal and enterprise standard APIs that allow the integration with business applications. For more information visit https://wiseid.com.

“Cybersecurity is essential during these complex times. Trusted interactions are based on trust, and trust can only be achieved when all interacting parties can be sure of the identity of their counterpart, and can’t be eavesdropped nor manipulated,” said Carlos Moreira, Founder and CEO of WISeKey.

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 Ltd
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.

FAQ

What is WISeKey's new cybersecurity initiative?

WISeKey has launched the WISeID platform, offering free cybersecurity services to individuals and businesses to help secure digital assets.

What services are included in the WISeID platform?

The WISeID platform includes secure email communication, document signing, dual-factor authentication, and new Cloud Storage features.

How does WISeKey plan to ensure data security?

WISeKey uses its Swiss-based technologies to secure data and comply with EU regulations, focusing on digital sovereignty.

When was the WISeID platform launched?

The WISeID platform was announced on March 9, 2022.

What is the business model for WISeID's services?

WISeID operates on a freemium model, offering basic services for free while allowing users to purchase additional features and storage.