Geneva, New York – November 10, 2014. WISeKey, the cyber security expert and World Economic Forum Global Growth Company Partner, announced today that they will be leading a “thought leadership” Stalwart’s Roundtable session on Cyber Security at the exclusive 2014 M&A Advisor Summit in New York on November 18, 2014.
“The M&A Advisor Summit, our annual assembly of the M&A, restructuring and financing stalwarts, brings together over 400 of the leading international dealmakers, academics, media and policy influencers to discuss the key issues facing our financial markets today,” stated David Fergusson, President and Co-CEO of The M&A Advisor, one of the world’s foremost authorities on global mergers and acquisitions. “This is the ideal forum to discuss the Cyber Security industry whose acceleration – with over 50% growth in the number of M&A transactions in the first half of 2014, is directly tied to the protection of financial performance.”
The demand for both company and individual requirements for Cyber Security are increasing as identity crimes, including credit, debit, and other payment card fraud continue to be a risk to economic activity in both established and emerging markets. While the U.S. Government’s credit, debit, and other payment card programs already include protections against fraud, the roundtable will discuss the need for Government to further strengthen the security of consumer data and encourage the adoption of enhanced safeguards nationwide in a manner that protects privacy and confidentiality while maintaining an efficient and innovative financial system. It is also agreed that tech companies can do more to help governments combat terrorism and provide stronger authentication of uses accessing the increasing number of social media platforms.
“Issues associated with trust among governments and the private sector is a real challenge that needs to be addressed, as do the legal issues on sharing of information and the need to stronger safe harbor protections,” said Carlos Moreira, CEO and Founder of WISeKey. “Expanding the dialogue on the need for governments and private sector to share information regarding cyber vulnerabilities and pending risks is a very high priority for our company.”
The companies that are able to innovate and build technology products and solutions that address some of these challenges will be well positioned to grow faster and be more successful than others who are awaiting a solution. Those who see a path forward and innovate with enhanced products and solutions will be the winners and they will be doing a great service to governments, companies, and citizens.
The M&A Advisor’s Cybersecurity Stalwarts Roundtable will be a follow-up to a similar forum organized by WISeKey at the World Economic Forum in Davos earlier this year in which delegates debated issues related to trust, security and the fundamental right to privacy.
“We believe that the entire development of digital communication is being affected by the hacking threats, because people simply won’t use what they can’t trust,” states Carlos Moreira. “That applies to basically all kinds of applications, from people considering whether to join social networks to businesses and governments who will increasingly relay on cloud computing.”
“Triggered by a dramatic increase in the volume and scope of cyber attacks and threats on both organizations and consumers, the sector is attracting investment from a wide range of strategic and financial investors,” added Fergusson. “Spending on Cyber Security is expected to top $100 billion in 2015 globally, with a forecast annual growth rate of 22 percent over the next five years and this, together with the threat of cyber attacks to corporate performance, warrants the finance industry’s close attention.”
The Roundtable will feature several leading industry investors, suppliers and influencers including:
Carlos Moreira | Founder and CEO, WISeKey
Mario Rebello | Managing Director, Government Relations, Lenovo
Gregory J. Suhajda | Senior Managing Director, Mackinac Partners
Gregory Bedrosian | CEO, Redwood Capital
Jeffrey Wells | Executive Director of Cyber Development, Maryland Department of Business & Economic Development
This Cyber Security session will also set the agenda for a similar Roundtable that WISeKey, in cooperation with The M&A Advisor, will host at the annual World Economic Forum in Davos in January 2015.
WISeKey is one of the fastest growing eSecurity companies in the world, being a leading Swiss information security and identity management software and services company. WISeKey’s mission is to facilitate the global growth of secure electronic transactions by providing businesses, governments and individuals with advanced technology and services that authenticate the identity of communicators, signatures, and objects during Internet transactions. www.wisekey.com
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