WISeKey Promotes Digital Security at the 5th Global Competitiveness Forum in Riyadh

News provided by

WISeKey SA

Jan 26, 2011, 06:56 ET

GENEVA, January 26, 2011 /PRNewswire/ -- At the 5th Global Competitiveness Forum in Riyadh, Carlos Moreira, founder and CEO of WISeKey, a leading eSecurity company, speaking alongside Jean Chretien, former Canadian Prime Minister, Caroline Daniels, chairman and CEO of Aircraft Technical Publishers, James Turley, chairman and CEO of Ernst & Young and Muhammad Al-Jasser, Saudi Arabian Monetary Agency Governor, underlined the importance of providing digital security for web users around the world.

In line with the words of former British Prime Minister Tony Blair, one of the main challenges of the future is the question of security in the modern world. How data is secured and the identity of each individual interacting online is protected is at the top of WISeKey's list of priorities. Mr. Moreira underlined that the web is a 20-year-old infrastructure that was not designed to carry the load or face the security issues or usage of the system today. "In the coming years it is imperative that we promote a new system that provides security for users around the world."

With so much personal information on the web, protecting this information is the biggest challenge. Any basic hacker can buy software for $300 and get into the infrastructures. Wikileaks has grabbed everyone's attention recently, but there is also the fact that government systems providing for example ID cards and also financial services are built on outdated infrastructures that do not do the upmost to protect the individual. And, Mr. Moreira added, "we are not only adding more people to the web - Facebook is a great example of that - we are also adding new devices. [In the next 10 years] there will be 50 billion devices..."

    Read more>>> http://www.presseportal.ch/go2/complet_press_release
    More:
    http://www.presseportal.ch/go2/pannel_session
    http://www.presseportal.ch/go2/It_is_not_all_about_business
    http://www.presseportal.ch/go2/Al-Jasser

    Contact:

    Olivia Ward
    [email protected]
    +41-22-594-30-00

SOURCE WISeKey SA

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