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SEALSQ Takes Small Gains on EV Solution

WISeKey International Holding Ltd. (NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions, today announced that its subsidiary SEALSQ Corp (NASDAQ: LAES) has developed a comprehensive cybersecurity solution to enhance the security of Electric Vehicle (EV) charging stations. SEALSQ’s innovative technology addresses a complex cybersecurity landscape associated with the growing infrastructure of EV charging stations and tackles known vulnerabilities that could compromise the integrity of the EV charging process.

EV charging stations present a unique set of cybersecurity risks due to their increasing connectivity and importance in the energy infrastructure. Here are the main cybersecurity risks associated with EV charging stations:

Unauthorized Access: If an EV charging station lacks proper authentication mechanisms, cybercriminals could gain unauthorized access. This could allow them to manipulate charging rates or even cut off power to the chargers.

Data Theft: EV charging stations often collect personal data, including payment information and user identity details. Cyber attackers could target this data for identity theft or financial fraud.

Denial of Service Attacks: A cyberattack could disrupt the service of EV charging stations, leading to denial of service. This type of attack could be particularly disruptive if it targets a network of chargers, causing widespread impact.

WKEY shares closed Wednesday at $1.60, while LAES poked ahead one cent, or 1%, to 94 cents.