by Angela Guess

A new press release reports, “WISeKey International Holding, a leading Swiss cybersecurity and IoT company, unveiled today its global solution for securing the Internet of Things (IoT). The solution, called WISeKeyIoT is a scalable framework, offering digital Public Key Infrastructure (PKI) certificates for connected devices, protected in certified tamper resistant silicon chips, as well as an outsourced or on-premises certificate management system, with device life cycle control functions and security enforcement entities. The digital PKI certificates can be signed by the publicly trusted root, owned by OISTE (https://oiste.org/) and operated by WISeKey.”

The release goes on, “The IoT is a very promising new business segment for WISeKey, with an estimated 50 billion devices are expected to be connected by 2020, while world’s population is estimated to grow to 6.8 billion; thus, there will be more than 7 devices per person connected to the internet by 2020. As a result, a huge and increasing amount of data will be interchanged between connected devices and back-end servers, allowing companies to provide users with new type of exciting applications, which will be designed to offer increased control over the use of resources: improve efficiency in power grids, optimize processing of information in industrial environments, provide better and higher quality healthcare services and personalized experience for shopping or leisure, among others. This is only possible though, if the data can be trusted. The IoT business case will collapse if over time hackers get access to devices, change the way they operate, intercept and modify data, or bring down systems by executing Distributed Denial of Service attacks through the devices on a network.”

Read more at Business Wire.

Photo credit: WISeKey