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

By Wisekey Sa, PRNE
Tuesday, January 25, 2011

GENEVA, January 26, 2011 - 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

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example ID cards and also financial services are built on outdated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>>> www.presseportal.ch/go2/complet_press_release






    Olivia Ward

Contact: Olivia Ward, oward at wisekey.com, +41-22-594-30-00

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