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WISeKey : OISTE.ORG and WISeKey to Showcase Multiple Groundbreaking Digital Identity and CyberSecurity Initiatives at the 2015 World Economic Forum

Geneva, Switzerland, Jan. 13, 2015 (GLOBE NEWSWIRE) -- OISTE.ORG and WISeKey, one of the Global Growth Partner Companies of the World Economic Forum, will, again this year, spearhead multiple thought leadership initiatives related to CyberSecurity at the Annual Meeting taking place in Davos, Switzerland 21-24 January 2015.

WISeKey and the OISTE Foundation will by organizing two events: A CyberSecurity Roundtable and the Swiss Night, an annual traditional Davos event that brings together international leaders from the public and private sector to celebrate Swiss innovation. http://davos.wisekey.com/2015/

The CyberSecurity initiatives to be proposed at Davos follow a year of high-profile news stories about hacks of major brands, including, JP Morgan, Sony, Home Depot, Target, Staples and others. Those attacks exposed various customer data, including, in some cases, email accounts, passwords, numbers and verification codes for payment cards. Following these developments, trust in the privacy and security of digital communication has reached a new low. Much is at stake, given the share of the global economy that is already based upon digital communication and its growing reach into new domains. The number of Internet users has now passed 2 billion and another 5 billion are expected to join in the near future. Over 50 billion electronically communicating devices are expected to emerge as well, each one embedded in frameworks of authentication and authorization, created to determine what is allowed and disallowed, in a myriad of exchanges and transactions occurring every second around the world.

Capturing the opportunities and countering the threats requires new responses. More sophisticated passwords and identity protection alone will not achieve the goal. A myriad of interconnected links supported by a range of trusted communication platforms and tools requires a seamless and systemic response.

Global regulation, legislation and data protection initiatives need to be proposed as echoed by the United States President Barack Obama's recent proposition to boost online security and Internet access to increase privacy and identity protection, improve cybersecurity for both private companies and the government, and expand access to broadband Internet.

The most logical conclusion is the establishment of a common framework for trusted identity management to allow borderless communication and transactions in an increasingly fast-moving digitalized global economy. But how are different technological solutions to be reconciled? At what level are common protocols required? What cross-border legal interoperability is required for orderly authentication and authorization in the future? Through successful collaboration can we build trusted e-services with the certification and support mechanisms that are required? Is a globally valid Trusted ID - a common system for electronic identities, the response that we need?

The situation at hand calls for immediate action to increase security, inter-operability, and privacy in order to regain and maintain trust amongst the growing number of users. Through an initiative from WISeKey, OISTE, GINI S.A, The M&A Advisor, IKED and the Fraunhofer Innovation Cluster next generation ID, this topic will be a special feature at the World Economic Forum in Davos 2015, in an event that brings together global decision makers from policy, industry, research and civil society to discuss solutions that will benefit all stakeholders.

WISeKey a Global Growth Company partner of the World Economic Forum https://www.youtube.com/watch?v=N_dM5S4-DbM&feature=youtu.be&a

WISeKey Davos objectives for 2015 https://www.youtube.com/watch?v=4q3myV_Vt48&feature=youtu.be&a

Contact Person: Youmna Abisaleh, yabisaleh@wisekey.com +41 79 946 00 89

HUG#1886598

Source: WISeKey