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At ITU Telecom World 2009, WISeKey Launches Security Service to Help Companies and Governments Protect Their Customers From Identity Theft and Mobile Transactions

Posted on: Tuesday, 6 October 2009, 12:44 CDT

GENEVA, October 6 /PRNewswire/ --

- Indication: Picture of the USB stick ekey+ can be downloaded free of charge under: http://www.presseportal.ch/de/pm/100006027/?langid=2

Today, at ITU Telecom World 2009, WISeKey introduced a new suite of identity authentication programs centered around the new eKey+, a biometrically encrypted USB key worthy of James Bonds for the global telecommunications market.

Designed to help increase trust between users and network and e-commerce service providers, WISeKey said the security software suite will offer corporations, small business owners, and government agencies the ability to give their customers and colleagues access to their sensitive data to perform transactions from unsecured access points.

"The eKey+ is an innovative devise and service we developed after years of observing customer behavior patterns in e-banking and e-commerce for better consumer goods and government services," said Carlos Moreira, WISeKey's chairman and CEO.

The potential for fraud is a major hurdle for the evolution and growth of online commerce, according to the Organization for Economic Co-Operation and Development (OECD). Identity theft is defined as the process of using someone else's personal information for your own personal gain. In 2008, identity theft worldwide increased by 22 percent from 2007. The Aberdeen Group has estimated that $221 billion a year is lost by businesses worldwide due to identity theft.

WISeKey's market research shows the eKey+ product line is guaranteed to drive up average revenue per user for telecommunications and others companies and governments. The eKey+ is based on a biometrics-based multifactor authentication using embedded WISeKey PKI and Digital Identification technology.

At the Telecom World 2009 conference, Carlos Moreira reaffirmed WISeKey's longtime commitment to facilitating better electronic transactions between businesses, governments, and citizens in a speech titled: "Tackling cyberthreats: towards effective global partnerships," which was attended by two dozen government ministers and business leaders.

Founded and headquartered in Geneva, Switzerland, in 1999, WISeKey is a world leading software and services company for greater security against counterfeiting, identity theft, and corruption in data management on PCs, mobiles, servers, storage, networks, and cloud-computing operations. With offices in the USA, France, Spain, the Middle East, and India, WISeKey customers are located on six continents, in developed and emerging markets. Current and past clients include Microsoft, Telefonica, and the state of Geneva.

SOURCE WISeKey SA

Source: PR Newswire

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