June 14, 2017
WISeKey has announced a new Industrial Internet of Things (IIoT) chip with machine learning capabilities and better security. The new chip is embedded with Cryptographic Root of Trust and problem-solving Artificial Intelligence (AI) solutions. This forms a part of its cybersecurity vertical platform which allows IoT devices to organize themselves into secure networks based on mutual authentication and identification for better integration.
There Cryptographic root of trust is a technology advancement that’s worth noting. It provides each device with a unique identity and interactions between devices or the cloud don’t take place until that identity is verified. It also enables those devices to provide a valid integrity report to communicate with peer devices within the community.
This enables authenticated sensor data. Since most of the current IoT devices don’t come with embedded security, they become easy targets for botnets and other vulnerabilities. By incorporating machine learning into this setup, the devices gain another dimension in security. With the AI integrated into the platform and the hardware, the devices connected to WISeKey’s vertical security platform can develop their own cybersecurity behavior and make smarter and safer decisions.
“This new platform opens up many possibilities for improving the overall security functionalities and creating new business processes by taking advantage of the world of digital identification at the object level, which once combined with Big Data allows us to gather and process all available information and generate actionable insights,” said Carlos Moreira, founder and chief executive of WISeKey.
IoT devices produce immense amounts of data that is transmitted across the networks. The new technology enables the IIoT chip to analyze the data using its AI to predict vulnerabilities and failure of equipment before it even takes place. The WISeKey platform also allows IoT devices with this chip to to send data to the cloud using dual factor authentication at the device level. It’s like a smartcard that sends authenticated data to the network and the cloud.
“We call this new technology Trust of a Chip (ToC), which offers a full integration of several key security elements on the chip instead of installing and testing these security elements separately on the device. This integration reduces the size of the chip, lowers the cost and increases the level of security as no one can externally access and manipulate the integrity of these chips,” added Moreira.
“The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive − from factory floors, to hospital operating rooms, to residential homes – including billions of objects and devices from refrigerators, watches, wearables to wine bottles – everything that can connect and communicate via the Internet.”
The IoT world is getting worse when it comes to security with the number of devices and its vulnerabilities skyrocketing. The enterprises are trying to cover up for this with the IoT security market expected to grow from $6.89 billion in 2015 to nearly $29 billion by 2020 according to a report published by Markets and Markets, and WISeKey is poised to take due advantage of this.