Benzinga | Nov 4, 2021 01:47PM EDT

WISeKey Shares Move Higher; Co Says Semiconductors Gets Renewal Compliance With International ISO 27001 Certification For Information Security

WISeKey International Holding Ltd. ("WISeKey") ((SIX: WIHN, NASDAQ:WKEY), a leading global cybersecurity, AI, Blockchain, and IoT company, announces that it has successfully renewed compliance with the international ISO 27001 certification for information security.

WISeKey provides an end-to-end scalable security framework to protect IoT ecosystems and devices from root to chip. Based on secure semiconductors and leveraging PKI Technology, it will protect the device and its data at rest or in transit. The security accreditation of such product and services is a must to ensure its trustworthiness.

ISO 27001 structures how businesses should manage risk associated with information security threats, including policies, procedures, and training for staff. ISO 27001 includes a risk assessment process, organizational structure, information classification, access control mechanisms, physical and technical safeguards, information security policies, procedures, monitoring and reporting guidelines.

The scope of the surveillance audit was confirmed and covers the assessment of the WISeKey Semiconductor Management System incorporating the requirements of ISO 27001:2013. The audit report says "[...] It is impressive to note that all employees within each of the areas audited provided an excellent overview of information security awareness within their business operation and working environment. The information security policies appear to be very well understood, and there were no issues regarding compliance against these policies. The management and staff at Wisekey should be very proud to achieve such an outstanding level of information security maturity across all areas of the business [...]"

This accreditation confirms once more WISeKey's position as a trustworthy security technology supplier, specially oriented to the new needs of the IoT.

This certification will allow WISeKey to proceed with the vertical integration of its unique Root of Trust and Identity technology with VaultIC's hardware & software, system certification, provisioning and up to management services, creating the first ever comprehensive trusted end-to-end cybersecurity platform for people and objects (IoT) and give WISeKey the unique ability to deliver the most secure platform to its customers.

As we move forward, the IoT will quickly become the Internet of Everything (IoE), with more devices and objects connected and able to collect and transmit data over the internet. WISeKey's Vertical Platform potential for monetizing services, blockchain, AI and the data produced by these connected devices continues to grow. The total number of IoT connections is expected up to $27 billion in 2025, all of them requiring the type of security chips and software offered by WISeKey. Global spending on IoT/IoE technology-based services is now expected to reach $3 trillion by 2025.

Carlos Moreira, Chairman & CEO of WISeKey, commented, "We are very proud of being able to keep demonstrating again the robustness of our security portfolio, thanks to the renewal of this important accreditation."

Bernard Vian, General Manager of WISeKey Semiconductor commented, "The ISO certification of our security practice ensures our customers that every process involved in the design and manufacturing of our products is executed under the most rigorous secure and reliable control."

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