Microchip Technology Introduces ECC608 TrustMANAGER with Kudelski IoT keySTREAM
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The integration of the ECC608 TrustMANAGER with Kudelski IoT keySTREAM into Microchip Technology's portfolio represents a significant advancement in the realm of IoT security. The shift from static security measures to dynamic, cloud-based certificate management and in-field provisioning addresses a critical need for scalability and flexibility in cybersecurity infrastructure. This is particularly relevant as the number of IoT devices proliferates and as regulatory bodies are starting to mandate upgradable security measures for compliance purposes.
From a cybersecurity perspective, the ability to manage cryptographic credentials remotely without supply chain customization is a game-changer. It enables IoT device manufacturers and end-users to respond swiftly to vulnerabilities by updating security protocols without the need for physical intervention. This not only enhances the security posture of IoT ecosystems but also reduces potential downtime and the associated costs of manual updates. The automation of security management through a SaaS model could potentially set a new industry standard, encouraging other players to adopt similar solutions to meet the evolving security challenges in the IoT space.
Microchip Technology's strategic partnership with Kudelski and the subsequent launch of the ECC608 TrustMANAGER with keySTREAM is indicative of the growing demand for secure, scalable IoT solutions. This innovation could position Microchip as a leader in the IoT security market, which is expected to expand significantly due to the exponential growth of IoT devices. By offering a solution that simplifies the complex process of certificate management and in-field provisioning, Microchip addresses a pain point for IoT device manufacturers and end-users alike, potentially driving adoption and increasing market share.
The market impact of this launch could be substantial. The ability to manage device security remotely and ensure compliance with emerging standards and regulations is likely to be a strong selling point. This could lead to increased sales of Microchip's security ICs and services, positively influencing the company's financial performance in the medium to long term. Additionally, the streamlined supply chain process could attract distribution partners, further expanding Microchip's reach in the IoT market.
Microchip Technology's announcement of the ECC608 TrustMANAGER with keySTREAM SaaS integration is likely to be closely monitored by investors, as it could signal potential revenue growth in the burgeoning IoT security sector. The move to enhance IoT device lifecycle management through cloud-based services could lead to increased recurring revenue streams from SaaS offerings, which are generally viewed favorably by investors due to their predictable nature.
However, it's important to consider the investment required for the development and maintenance of such a platform, as well as the competitive landscape. Investors should monitor the adoption rate of the ECC608 TrustMANAGER and keySTREAM service, as well as the company's ability to secure new partnerships and customer relationships. The financial implications hinge on the balance between initial R&D expenses, the cost of customer acquisition and the long-term return on investment through service subscriptions and hardware sales. If Microchip can capitalize on the need for dynamic IoT security solutions, it could see an improvement in its valuation metrics over time.
Cloud-based software as a service leverages secure authentication ICs to enable self-service custom PKI, streamlined in-field provisioning and lifecycle management for IoT devices
CHANDLER, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- As the world comes to rely on interconnected IoT systems—for everything from household items like smart thermostats, virtual assistant technology and digital door locks to medical and industrial applications—the need for reliable cybersecurity on embedded systems has never been greater. To increase security on IoT products and facilitate easier setup and management, Microchip Technology (Nasdaq: MCHP) has added the ECC608 TrustMANAGER with Kudelski IoT keySTREAM, Software as a Service (SaaS) to its Trust Platform portfolio of devices, services and tools.
With security credentials managed and updated in the field via keySTREAM—instead of being limited to a static certificate chain implemented during manufacturing—the ECC608 TrustMANAGER allows custom cryptographic credentials to be accurately provisioned at the end point without requiring supply chain customization and can be managed by the end user. keySTREAM offers a device-to-cloud solution for securing key assets end-to-end in an IoT ecosystem throughout a product’s lifecycle.
The ECC608 TrustMANAGER relies on a secure authentication IC that is designed to store and protect cryptographic keys and certificates, which are then managed by the keySTREAM SaaS. The combined silicon component and key management SaaS allow the user to set up a self-serve root Certificate Authority (root CA), and the associated public key infrastructure (PKI) secured by Kudelski IoT, to create and manage a dynamic certificate chain and provision devices in the field the first time they are connected. Once claimed in the SaaS account, the devices are automatically activated in the user’s keySTREAM service via in-field provisioning.
“As the volume of connected devices rapidly increases and security standards and regulations tighten, IoT designers are seeking more efficient ways of managing their devices once products are in their customers’ hands,” said Nuri Dagdeviren, corporate vice president of Microchip’s security computing group. “Our partnership with Kudelski and adding keySTREAM to our ECC608 TrustMANAGER enables customers to manage, scale and update IoT ecosystems efficiently via a cloud-based security SaaS for in-field provisioning and certificate management.”
Security standards and upcoming regulations are increasingly requiring upgradability of security infrastructure for IoT devices. This is a difficult task with traditionally static IoT security implementations, which require physical upgrades like changing out the security ICs in each device to stay in compliance. With the ECC608 TrustMANAGER, the process is automated and highly scalable, allowing devices to be managed securely and efficiently throughout their lifecycle. It also enables easy device ownership management without needing to change hardware, as security keys are updated digitally from the cloud into the device. This approach streamlines the supply chain processes for distribution partners as well.
“The ECC608 TrustMANAGER with keySTREAM marks a pivotal moment in our quest to secure the IoT landscape and make provisioning easier. Our collaboration with Microchip is not just about bringing advanced security solutions to the market, it’s about setting a new standard for smart device security across the board,” said Hardy Schmidbauer, senior vice president of Kudelski IoT. “By leveraging Microchip’s renowned semiconductor technologies alongside Kudelski IoT’s security services, we are poised to deliver protection and a new ease of provisioning for IoT device manufacturers.”
This type of dynamic in-field provisioning and device management meets IoT security standards and will be useful in device certificate updates needed to stay in compliance with evolving security requirements. The keySTREAM SaaS allows for ongoing updates of keys designed to prevent and protect against evolving threats and security requirements. In-field provisioning also removes the need for customization for more efficient manufacturing.
The ECC608 is the first security IC in Microchip’s TrustMANAGER series. To get started, download the Trust Platform Design Suite and test the keySTREAM use case under the ECC608 TrustMANAGER.
Pricing and Availability
The ECC608 TrustMANAGER is available starting at
Resources
High-res images available through Flickr or editorial contact (feel free to publish):
- Application image: https://www.flickr.com/photos/microchiptechnology/53600864232/sizes/o/
- Blog: https://www.microchip.com/en-us/about/media-center/blog/2024/ecc608-trustmanager-and-kudelski-iot-saas
About Microchip Technology:
Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 125,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.
Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. CryptoAuthentication are trademarks of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.
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FAQ
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