In the dynamic realm of cryptocurrency transactions, security remains paramount.
Advanced Blockchain Security
Cryptocurrency transactions, inherently secured by blockchain technology, present a formidable challenge for cybercriminals attempting to exploit transactional data. However, the ingenuity of hackers in devising cryptocurrency schemes to extract sensitive information, such as wallet key phrases, necessitates enhanced vigilance.
Elevating Security with MFA
Implementing MFA is a critical defense strategy in safeguarding cryptocurrency wallets and exchanges. MFA fortifies security by necessitating multiple verification methods — ranging from traditional passwords to biometric scans and unique codes generated by specialized mobile applications. This multi-tiered approach significantly mitigates the risk of unauthorized access and fraudulent activities.
The sanctity of an individual's private key, the sole access point to their cryptocurrency investments, cannot be overstated. Experts advocate for the use of hardware wallets, akin to USB devices, which securely store private codes. Such wallets ensure that the private key remains encrypted and never directly interacts with potentially vulnerable online environments. Additionally, duplicating the hardware wallet and securing it in locations like safe deposit boxes offers a fail-safe against key loss.
User-Controlled Digital Identities: The New Norm
In a landscape where data privacy is paramount, digital identities must shift from platform-centric to user-centric models. This paradigm shift empowers users to maintain control over their personal information, ensuring privacy and preventing unauthorized data exploitation by platforms or third parties. Furthermore, this model facilitates identity continuity across various platforms and fosters healthy competition among them, as users can seamlessly transition their digital identities.
WISeID: Pioneering in Trusted Identity Services
WISeID's first-generation technology pioneers as a trusted identity service, streamlining access to web and mobile applications through advanced authentication methods. The service encompasses 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, thereby enhancing both security and user convenience.
You can download your digital identity at wiseid.com.
About SEALSQ:
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks.
For more information, please visit www.sealsq.com
About
Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive
Press and investor contacts:
Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com | WISeKey Investor Relations (US) +1 212 836-9611 / lcati@equityny.com +1 212 836-9612 / kmurphy@equityny.com |
Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning
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 the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of
![](https://ml-eu.globenewswire.com/media/NWE4YzdjMWQtOWFkZi00ZjdmLWJhMzEtNjk1N2Q2MmM1M2VjLTEwMTUxNzA=/tiny/Wisekey-International-Holding-.png)
2024 GlobeNewswire, Inc., source