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Trillions at stake in private data struggle

Cyber-attacks on personal privacy and the corporate world are at the top of the worry list at the World Economic Forum (WEF) in Davos, where delegates at a forum on data protection were reminded that the digital revolution carries as many threats as rewards.

Data protection, at home in Switzerland

In the meantime, a proliferating number of specialist cyber security firms are filling the legislative vacuum, such as Geneva-based WISeKey that provides secure cloud computing and digital encryption services for internet and iPhone traffic.
Its latest innovations will be unveiled at the WEF Davos summit’s traditional Swiss Night, which showcases the latest technology coming out of Switzerland.
“The problem is that the internet was never designed to be a secure environment but we now use it for practically everything,” WISeKey founder and chief executive Carlos Moreira told “The market is huge and will continue to grow at a rapid rate.”


Tags: Davos