Businesses are under relentless attack from cyber fraudsters, industrial spies and saboteurs, terrorists, foreign states, politicized hacking groups and others. The ingenuity, ruthlessness and sophistication of the perpetrators seemingly know no bounds.
Business leaders need to rise to the challenge but many are failing to do so. Even those who have implemented cyber defense strategies incorporating the latest procedures and technology are discovering they are often inadequate. Security is still being breached. Federal, state and other public sector initiatives designed to protect businesses in cyberspace are struggling to make an impact.
This year’s FT Cyber Security Summit USA will bring together information security experts from the private and public sectors to discuss how they are cooperating in the face of this common threat. Following on from the inaugural Summit in March 2015, the 2016 event will cover the latest developments in cyber crime and the risks to businesses. Speakers will explain how they are trying to manage those risks – through the deployment of advanced security strategies, tools and techniques, and with official assistance from government departments and other public sector organizations – but with only limited success.
The Summit will be chaired and moderated by senior Financial Times journalists who have been keeping readers informed about the battles being waged in cyberspace. To encourage an open exchange of ideas and frank discussion, some of the presentations and panel sessions may be held under the Chatham House Rule* and will be clearly indicated as such on the agenda.
*“When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity not the affiliation of the speaker(s), nor that of any other participant, may be revealed.” Source: Chatham House.