Clavister Welcomes International Focus on Combating Cybercrime

Clavister (Nasdaq: CLAV), a leader in high-performance network security, has welcomed the strong focus on cybersecurity at the recent World Economic Forum’s Davos summit, and in President Obama’s State of the Union address. The company has also warned of the importance of building security into next-generation networks and smart devices, to safeguard them against future cyberattacks.

The increasing cyber threat to commercial and government interests could cost the global economy up to $3 trillion, according to the 2015 Global Risk report from the World Economic Forum. The report warned of the increasing sophistication of cyber-attacks and the rise of ‘hyperconnectivity’, with the explosion in smart devices creating new attack vectors and putting sensitive personal data at increased risk. In his State of the Union address, Mr Obama said: “I urge this Congress to finally pass the legislation we need to better meet the evolving threat of cyber-attacks, combat identity theft and protect our children's information.”

Jim Carlsson, CEO of Clavister said: “It’s vital that security is put firmly on agendas at both corporate and government level. We’ve seen how even large, well-resourced companies and national interests can be helpless against concerted cyberattacks, and these attacks are increasing in complexity and sophistication.

“With the rapid growth in connected devices, and in next-generation fixed and mobile networks, we need to develop advanced, flexible security solutions that can keep pace with the constantly changing threat landscape, and deliver effective security across a wide range of devices and platforms. This is why Clavister is partnering with industry-leading companies such as Intel and Saab to protect both information and critical infrastructures.”

In summer 2014 Clavister announced it was a contributing partner at the launch of Intel’s Innovation Centre for IoT in Sweden, along with Ericsson, TeliaSonera, and Yanzi Networks. In December, the company announced that it is to develop secure wireless networks across 1600 locations in Brazil to deliver secure Smart Cities, protecting sensitive data for up to 30 million citizens.