WISeKey and SEALSQ Launch at CES 2024 in Las Vegas a New Service to Elevate Cryptocurrency Security with Advanced Digital Identification and Robust Multi-Factor Authentication
Geneva, Switzerland, January 9, 2024 – Leading cybersecurity firm WISeKey International Holding Ltd. (SIX: WIHN, NASDAQ: WKEY) and its subsidiary, SEALSQ Corp (NASDAQ: LAES), a Semiconductors, PKI, and Post-Quantum technology specialist, have jointly launched an innovative digital identification service at CES 2024 in Las Vegas. This groundbreaking service, integrated into the WISeID platform, aims to elevate cryptocurrency security through Advanced Digital Identification and Multi-Factor Authentication (MFA) capabilities.
Advanced Blockchain Security: In the realm of cryptocurrency transactions, where security is paramount, WISeKey and SEALSQ address the challenge of cybercriminals attempting to exploit transactional data. Despite the inherent security of blockchain technology, hackers often target sensitive information like wallet key phrases, necessitating enhanced vigilance.
Elevating Security with MFA: The introduction of Multi-Factor Authentication (MFA) is a crucial defense strategy to safeguard cryptocurrency wallets and exchanges. This approach involves multiple verification methods, including traditional passwords, biometric scans, and unique codes generated by specialized mobile applications. MFA significantly reduces the risk of unauthorized access and fraudulent activities.
Safeguarding Private Keys: Recognizing the importance of private keys as the gateway to cryptocurrency investments, WISeKey and SEALSQ advocate for the use of hardware wallets, similar to USB devices. These wallets securely store private codes, ensuring encryption and avoiding direct interaction with potentially vulnerable online environments. Duplicating the hardware wallet and storing it in secure locations provides a fail-safe against key loss.
User-Controlled Digital Identities: The New Norm: In an era where data privacy is paramount, the shift from platform-centric to user-centric digital identities becomes crucial. This paradigm empowers users to maintain control over their personal information, ensuring privacy and preventing unauthorized data exploitation. It facilitates identity continuity across platforms, fostering healthy competition while enabling seamless transitions.
WISeID: Pioneering Trusted Identity Services: WISeID’s first-generation technology serves as a trusted identity service, streamlining access to web and mobile applications through advanced authentication methods. The service includes online KYC onboarding, OTP, digital certificate login, and a revolutionary “hands-free” secure login using QR-Codes. These QR-Codes, readable via the WISeID suite of mobile applications, eliminate the need for typing passwords, enhancing both security and user convenience.
For a digital identity download, visit wiseid.com.
About SEALSQ: SEALSQ focuses on integrated solutions based on Semiconductors, PKI, and Provisioning services, while developing Post-Quantum technology hardware and software products. Learn more at sealsq.com.
About WISeKey: WISeKey International Holding Ltd is a global leader in cybersecurity, digital identity, and IoT solutions. Operating through dedicated subsidiaries, including SEALSQ Corp, WISeKey SA, WISeSat AG, and WISe.ART Corp, the company secures digital identity ecosystems for individuals and objects. For more information, visit wisekey.com.
Press and Investor Contacts: WISeKey International Holding Ltd
- Carlos Moreira, Chairman & CEO
- Tel: +41 22 594 3000
- Email: info@wisekey.com
WISeKey Investor Relations (US)
- The Equity Group Inc.
- Lena Cati: +1 212 836-9611 / lcati@equityny.com
- Katie Murphy: +1 212 836-9612 / kmurphy@equityny.com
Disclaimer: This communication contains forward-looking statements regarding WISeKey International Holding Ltd and its business. Actual results may differ materially from these statements due to known and unknown risks. WISeKey does not undertake to update forward-looking statements. This press release is not an offer to sell securities and does not constitute an offering prospectus under Swiss Financial Services Act (“FinSA”). Investors must evaluate WISeKey and its securities. Nothing herein is a promise or representation of WISeKey’s future performance.
| Image Credits: gooogle.com |
| article creadit: google and https://www.wikipedia.org/ |
