WISeKey Warns Private Banks at the UIPF 2010 Conference in Geneva about the Dangers of Cyber-Criminality and the Need for Rethinking Personal Data for Banks

Geneva (ots) - WISeKey, an World Economic Forum Global Growth Company, represented by its founder and CEO Carlos Moreira, shared a panel at the Union des intérêts de la place financière lémanique - 2010 Conference on Cyber-Criminality, to underline the need for strong authentication and digital identification in the banking sector. During the presentation, WISeKey demonstrated how cyber-criminality is increasing worldwide, as shown by the recent attacks on financial organizations and the new threats emerging from new technologies. Many security experts and companies like WISeKey who protect critical infrastructures are concerned about the threat to critical assets in banking and financial institutions in Switzerland. Mr. Moreira explained to the audience that while information security has been a key concern since the proliferation of computer networks, the increased levels of concern have prompted organizations such as the private banks to devote more resources and request assistance from security firms such as WISeKey to combat this threat. Computers can be used as weapons, and the effort to improve computer security is driven by contradictory forces, as although the Internet needs to remain open, with its totally unsecured and decentralized architecture, this means that software is essentially completely unsecured allowing hackers and Cyber-attackers to find their way in. During the presentation, WISeKey demonstrated how they are helping banks and governments around the world to secure their critical assets and infrastructures and are developing solutions for the broader adoption of Trusted Cloud Applications, allowing Swiss banks to participate fully and to reduce dependency on centralized services in foreign countries. More: http://www.presseportal.ch/go2/WISeKey-Warns-Private-Banks Videos: Part 1: http://www.youtube.com/watch?v=5MdWGzmZiOA Part 2: http://www.youtube.com/watch?v=P-g2c9Aq628 Part 3: http://www.youtube.com/watch?v=DrduW8xb3iI ots Originaltext: WISeKey SA Internet: www.presseportal.ch Contact: Olivia Ward Phone: +41/22/594'30'00 E-Mail: oward@wisekey.com

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