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OFFON

WISEKEY INTERNATIONAL HOLDING AG

(WIHN)
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Press Release : WISeKey's Zero Trust Solution Helps WISeID.com Users Prevent Pegasus Malware that Infects iPhones and Androids Devices

07/22/2021 | 12:31pm EDT

WISeKey's Zero Trust Solution Helps WISeID.com Users Prevent Pegasus Malware that Infects iPhones and Androids Devices

Zero Trust is a cybersecurity concept centered on the belief that organizations should not automatically trust anything inside or outside its security perimeters and instead must digitally verify anything and everything trying to connect to its systems before granting access.

Pegasus malware infects iPhones and Android devices and allows hackers to extract messages, photos and emails, record calls and secretly activate microphones.

To prevent installing Pegasus, only open links from known and trusted contacts and sources when using your device. Make sure your device is updated with any relevant patches and upgrades. If you use Android, don't rely on notifications for new versions of the operating system. Download wiseid.com and use digital certificates to encrypt your communications and secure your email. It's free!

Geneva, Switzerland -- July 22, 2022: WISeKey International Holding Ltd. ("WISeKey") (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity AI and IoT company, today announced that its WISeID platform, through WISeID Cloud and CloudSign features, provides a Zero Trust Approach as a new way to secure mobile communications and cloud interactions and mitigate online security risks associated with remote teleworking and increasing use of mobile phones as authentication and payment devices. In 2020, WISeKey intensified its investments in Zero Trust developments to create advanced solutions to provide remote users/workforce with an easy-to-use and end-to-end Zero Trust approach.

As COVID-19 pandemic continues to effect the global economy, many companies and organizations have adapted to the new reality where professional interactions with customers and among employees are conducted electronically. These organizations are following Zero Trust networking principles allowing them to address the security requirements driven by the rapid digital transformation and expansion of their remote workforce. Companies are now required to act quickly in order to mitigate the cybersecurity risks created by the sudden shift to remote work caused by the pandemic.

Zero Trust is a cybersecurity concept centered on the belief that organizations should not automatically trust anything inside or outside its security perimeters and instead must digitally verify anything and everything trying to connect to its systems before granting access.

Electronic signatures are being perceived finally as a need to ensure that all electronic documents being managed remotely, have the same legal validity as paper documents, regardless if these documents represent external transactions such as contracts or invoices, or internal transactions such as expense reports or vacation requests.

Also, companies are now confronting the needs to use cloud services, in such a way that applications and documents previously accessed and managed using internal networks, now need to be accessed remotely without compromising the security of the data, nor the privacy of the users. For this, companies are carefully evaluating their cloud strategy and seeking to cooperate with cloud service providers that can ensure high security and data sovereignty.

WISeKey is now proposing a new set of Zero Trust into its WISeID platform, providing new ways to secure interactions. The strategy WISeID follows under the Zero Trust platform it is based on the principle of "we trust no one and will only provide access after we know who you."

"These new work behaviors induced from the global lockdown situation are generating new challenges to the companies' IT organizations. The big question is how to bring corporate data security to the employees' homes. While employees are slowly returning to their offices as countries begin to ease COVID-19-induced lockdowns and lift stay-at-home orders, uncertainty related to the pandemic still lingers. As consequence, many organizations are choosing to maintain semi-remote, virtual workplaces over the next 12 to 18 months and in some cases permanently thus becoming digital by default," indicated Carlos Moreira, Founder and CEO of WISeKey.

WISeID is based on the WISeKey/OISTE Root of Trust and integrates innovative technologies to distribute the identity attributes and build federated ecosystems. The WISeID web services and Mobile Applications are available for download and use. Several offers, such as digital certificates to secure the email or the strong authentication capabilities are offered free of charge, while others require a business subscription, in order to get full access to validated identities and document signature capabilities. For more information visit https://wiseid.com.

For decades, WISeKey has been one of the very few recognized providers of hardware and software first-in-class digital security solutions for cybercrime protection, people and object identification and authentication. The company has been designing secure chips which are massively used in highly sensitive applications such as banking, national ID or PayTV. Therefore, most of these chips are certified to Common Criteria EAL5+, one of the highest government grade security certifications.

To learn more about WISeKey and its security solutions, visit WISeKey.com.

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 https://www.globenewswire.com/Tracker?data=sgimoImpVZb7xMcWIv2TJVi2xQE3ndjN0qcVApu25KUeJO21OWJco64XyzcIgPLHRI-7B3AIvGxET5nOQQ1QnPFWA6vHbEngkQ-ddM7aClCTBzkhAL2xHVgCCfmCX1TqruBUQhlg7WIFdsD4MlEUgDEbmDWN6KTo-2F8w2eQQ3-D3ruG7Onfe4aLRsAlk6AbnVdm_gZNhLn1SfQrOBA2Kj2MMDKn7HG-CWeakVHvcsMbFDmKiIkkhqnD76JaQn9jrbWXHLWkFkq2iGd9R9MI6yex76isd0lfTFEyMQLqazfUDcTVPnHgyiJv6hkluSb8KtAAY8BGz2RlELenr2Qxf98y9f919zt_2gOH4Alc1o51LNcq0iRiuPLCQg0DpKTLd1wzP_Yyuy4NfF8a2vTgMNZ2k_fOMYFutv3ZYUqh5OA= www.wisekey.com.

Press and investor contacts:

 
WISeKey International Holding              WISeKey Investor Relations (US) 
 Ltd                                        Contact: Lena Cati 
 Company Contact: Carlos Moreira            The Equity Group Inc. 
 Chairman & CEO                             Tel: +1 212 836-9611 
 Tel: +41 22 594 3000                       mailto:lcati@equityny.com lcati@equityny.com 
 mailto:info@wisekey.com info@wisekey.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.

(END) Dow Jones Newswires

July 22, 2021 12:30 ET (16:30 GMT)

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Financials
Sales 2021 20,9 M 22,5 M 22,5 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 122 M 132 M 131 M
Capi. / Sales 2021 5,85x
EV / Sales 2022
Nbr of Employees 81
Free-Float 83,0%
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WISeKey International Holding AG Technical Analysis Chart | WIHN | CH0314029270 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 1,58 
Average target price
Spread / Average Target -
Managers and Directors
Joao Carlos Creus Moreira Chairman & Chief Executive Officer
Peter Ward Chief Financial Officer & Executive Director
Hans-Christian Boos Director & Chief Technology Officer
Carlo Schüpp Chief Operating Officer
Philippe Doubre Independent Non-Executive Director
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