London, Geneva - June 18th 2015 - WISeKey announced that it is presenting today at the Bloomberg Technology Conference "Smarter Cities - Even the smartest cities aren't immune to disaster. What happens when smart cities go wrong?" at Bloomberg's Headquarters in Finsbury Square, in London.
WISeKey is championing the ever-changing landscape of cyber-security for smart cities. The number of connected devices via the upcoming Internet of Things requiring digital identification and security in the world now tops 4 billion and continues to rise rapidly; this number is expected to reach 50 billion by 2020. This trend shows that Cybersecurity is a key asset in ensuring protection of this infrastructure.
Smart Cities will compile an unprecedented amount of personal data with no security embed on these devices and no international regulations on personal privacy protection. The gap between a person and a digital identity leaves million devices and identities vulnerable to dangers beyond identity theft. "Currently, there isn't anything built into the Web that can verify who you are. Imagine expanding this to billions of connected objects, said Carlos Moreira, WISeKey CEO. "WISeKey's IoT identity systems have been the closest thing for years. WISeID (http://www.wiseid.com/ (http://www.wiseid.com/)) is the first global answer to this problem."
This is a key differentiator for our Company as these new applications and smart cities will be compiling data daily, but there are no international regulations on how to protect consumers. Data flows globally, but privacy laws are a matter of cities regulations to protect their citizens.
The growth of cloud computing highlights the complexity of data sovereignty: data can be stored virtually anywhere but it has a physical presence somewhere in the world. This location operates under a jurisdiction whose laws could have unexpected impact on the availability or ownership of data.
WISeKey together with over 70 companies and government bodies across 15 sectors and 25 countries have joined forces to create the World Economic Forum's Partnering for Cyber Resilience initiative. Together, the leaders of these organizations have signed a set of principles, which demonstrate their commitment to taking an integrated, strategic approach to technology risks and opportunities, and to play their role in providing a resilient digital environment for all.
Even the smartest cities aren't immune to disaster. What happens when smart cities go wrong?
A fast paced session which will explore what happens in smart cities when disaster strikes. What happens if an earthquake shuts down a city's ports or if a cyber-attack brings down a city's transport system? How can a city keep running when its services are under threat or shut down all together?
Justin Lyon, CEO, Simudyne
Carlos Moreira, Chairman, Chief Executive and Founder, WISeKey
http://www.bloomberglive.com/events/smartercities/agenda (http://www.bloomberglive.com/events/smartercities/agenda)
June 18, 2015
2:00 - 3:00pm Bloomberg Technology Conference: Smarter Cities
Bloomberg HQ Finsbury Square London
Contact Person:
Youmna Abisaleh, Head of Marketing and Communication, yabisaleh@wisekey.com (mailto:yabisaleh@wisekey.com), +41 79 946 00 89
Follow WISeKey on Twitter @wisekey smartercities
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WISeKey via Globenewswire
