A number of high level security experts at the Reuters Media and Technology Summit made for exclusive news and insight on the hot topic of cybersecurity.
The CEOs of security companies Kaspersky Lab and Symantec explained that they had linked some of the software code in the powerful Flame virus to the Stuxnet cyber weapon while leading cyber experts warned of a shortage of talented experts in the United States at a time when cyber attacks are on the rise.
At the same time hacked companies are fighting back with some controversial strategies of their own to fend off increasingly sophisticated cyber attacks according to guests at the Summit.
In interviews with executives from telecom and media companies France Telecom’s CFO urged the industry to be more prudent about its debt levels amid looming investments needs. Direct TV’s CEO announced that the company may deploy a controversial ad skip technology and music services Shazam and Deezer explained how smartphones and Facebook have helped establish digital music services. WPP’s CEO sounded uncharacteristically conciliatory about a clash with shareholders over executive pay.
For a summary recap report of the Summit, click here.
What are the trends affecting the media and technology sectors and what does it mean for investors?
If the world’s superpowers face off in another major war, the winner will likely be determined in cyberspace. Only a handful of cyber weapons have been identified to date: The notorious Stuxnet worm that attacked Iran’s nuclear program and its data-stealing cousin Duqu. Researchers just uncovered the highly complex Flame.
Meanwhile online crime is flourishing. The unpublished music of Michael Jackson is among the booty that cybercriminals have recently claimed. Financial fraud scams target consumers and businesses alike. Nation states run far more sophisticated campaigns to steal intellectual property from rival governments as well as businesses across virtually all industries.
The Reuters Global Media and Technology Summit will bring together some of the world’s top cyber security experts to talk about the latest trends in cyber security. During closed interviews, we’ll also ask more than 30 industry executives to address broader trends affecting the technology and media sectors.
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