WISeKey Selected by a Leading European Telecom Operator to Implement its VaultiTrust Secure IoT Beacons and Digital Identities to Develop a New Generation of Smart Home Boxes

WISeKey Selected by a Leading European Telecom Operator to Implement its VaultiTrust Secure IoT Beacons and Digital Identities to Develop a New Generation of Smart Home Boxes

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WISeKey’s VaultIC Secure Element and VaultiTrust credentials to secure the control panel to which indoor and outdoor detectors, DECT, ULE, ZigBee and Z-Wave based peripherals and devices are connected

Geneva, Switzerland – August 14, 2020: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, announced today that it has been contracted by a leading European telecom operator to implement its VaultiTrust to develop a new generation of “Smart Home” boxes.  As per the terms of the contract, through its VaultiTrust solution, WISeKey will be generating and inserting robust digital identity into secure elements used in critical applications for smart homes.

The expanding of Internet of Things (IoT) is convenient and allows the implementation of many disruptive applications, but it is also riddled with risks. As the intelligence of devices on the edge increases, so does the attack surface.  Hackers can easily and remotely take control of devices, intercept and manipulate data, tamper with routers and servers and take control of applications. Cybersecurity sits on cryptographic tools that protect systems from device-to-cloud. WISeKey’s suite of hardware and software products create secure connections from the edge, where sensors and connected devices are creating data, all the way to the cloud, where decisions are made on how that data is processed and used. WISeKey’s VaultiTrust is part of this consistent offer.

The best way to ensure devices don’t get hacked is encryption, which essentially means converting sensitive information into code.  WISeKey offers secured apps that encrypt data and make it more difficult for hackers to breach devices.

Carlos Moreira, CEO of WISeKey noted, “The number of devices connected to the internet is growing quickly and more than one trillion devices are projected to be connected to the internet by the year 2030. One device that a hacker gets into could be a gateway to a person’s entire digital identity.  Once hackers get access into a device in the house through Wi-Fi, and can decrypt your digital identity, they can access all of your devices and data. They can access your computers, your camera, your fridge, whatever you have connected to the internet.” (see Mr. Moreira’s interview with Yahoo Finance’s On The Move).