WISeKey International, a leading global cybersecurity and IoT company, today announced that it will apply to receive an independent identity provider status for its WISeID platform for the Swiss Federal Act on Electronic Identification Services (e-ID Act).Of note, the Swiss electorate is scheduled to vote on March 7, 2021 to approve the legislation introducing a federally recognized electronic identity, the e-ID, which regulates how people can be uniquely identified on the internet. Once the e-ID Act is approved, anyone who wants an e-ID must apply through a federally approved identity provider.The current pandemic situation has further increased the urgency for citizens, companies and organizations to adapt themselves to a new reality where professional interactions with customers and among employees must happen electronically. Nevertheless, this must be done properly in order to not weaken their business process or introduce new security risks.Using Swiss-made technology, WISeKey's WISeID Identity platform protects the personal identifiable information (PII) of users, offers strong authentication and encrypted personal vaults to protect digital assets and secure electronic transactions, all of which are significant aspects of the e-ID Act.WISeID users can easily enroll for a digital identity using an online process, which implements a secure identity validation system by capturing the National Identity or Passport documents and performing a live face recognition, using the camera of the computer or smartphone.The WISeID credential can be reinforced with different options for "Second Factor Authentication" (2FA), which increases security layers as compared to a simple username/password. Currently WISeID supports 2FA with digital certificate, SMS, Dynamic QR-Codes and FIDO tokens.The WISeID Identity Provider is compatible with the OpenID Connect and OAUTH2 standards, which facilitates the integration with any application willing to use the WISeID Identities in their onboarding and login process, with the benefit of automated KYC and high security.In addition to the authentication process regulated by the e-ID Act, WISeID can be enhanced with digital certificates and legally binding electronic signatures. WISeID users can benefit from new cloud services to securely store confidential documents on a personal cloud area and share with other WISeID users, and at the same time eliminates risks for eavesdropping and privacy loss.At the heart of WISeID platform is the OISTE-WISeKey Cryptographic Root of Trust, which was created in in 1999 and stored in the country and has been actively used since 1999 by over 2.6 billion desktop, browsers, mobile devices, SSL certificates and Internet of Things' devices already trusted by the Root of Trust. The OISTE WISeKey Cryptographic Root of Trust is ubiquitous and universal, and a pioneer in the creation of Digital Identities, in line with the United Nation's Sustainable Development Goals aiming on providing every person on the planet with a with a solid and tamper-proof digital identity based on common, interoperable standards by 2030. As a first step, the United Nation is seeking to develop scalable identity systems by 2020. This initiative was launched at the inaugural "
WISeKey applies for ID status to support Swiss e-ID act
