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Entrust Executive Testifies Before U.S. Senate Subcommittee Hearing on Cybersecurity, Consumer Data

President David Wagner Highlights Need for Information Security Governance to Guard against Cyberattacks

WASHINGTON — March 26, 2014 — Entrust, Inc. President David Wagner today testified before the Subcommittee on Consumer Protection of the Commerce Committee of the U.S. Senate at a hearing titled “Protecting Personal Consumer Information from Cyber Attacks and Data Breaches.” In the hearing, Wagner outlined a number of important security recommendations for the industry and government, in light of several high-profile retail security breaches that occurred in December 2013.

“Proper information security governance is vital to defend against the criminals and nation states that perpetuate cybercrime on a global scale,” said Wagner. “Cybercrimes will continue to increase in frequency and potency if there are no changes to the security posture of our most important industries and infrastructure.”

The subcommittee session welcomed Entrust, the Federal Trade Commission, University of Maryland, Marsh & McLennan and Visa to discuss how to protect personal consumer information from cyberattacks and data breaches.

Wagner recommended the following for a combined public and private ecosystem that is built on good security governance, secure identities and assessments of risk:

  • Federal harmonization of breach notification – Harmonizing breach notification laws will allow enterprises and consumers alike to know what is expected of them. It will also put the Federal Government in a role where it belongs.
  • Adoption of best practices – The U.S. federal government needs to continue to foster the adoption of best practices and sharing of information across the public and private sectors.
  • Change in cybersecurity culture – Enterprises — large, small, public or private — need to embrace information security governance as a core responsibility.

“It is a public policy matter whether adoption is driven via incentives or directives,” said Wagner. “However we proceed, we need to quickly take steps that make our approaches to cyberdefenses more viable. It would be detrimental to conclude the year without adoption of measures that would better protect our economy and security.”

About Entrust, part of Datacard Group

Entrust offers software authentication platforms that strengthen security in a wide range of identity and transaction ecosystems. Government agencies, financial institutions and other enterprises rely on Entrust® solutions to strengthen trust and reduce complexity for consumers, citizens and employees. Now, as part of Datacard Group, Entrust offers an expanded portfolio of solutions across more than 150 countries. Together, Datacard Group and Entrust issue 10M+ secure identities every day, manage billions of secure transactions annually and issue a majority of the word’s financial cards. For more information about Entrust® solutions, call 888-690-2424, email entrust@entrust.com or visit www.entrust.com.

For More Information:
Lindsey Lockhart
Media Relations, Entrust