SOURCE: Wave Systems Corp.

Wave Systems Corp.

October 05, 2011 07:46 ET

Wave Chief Scientist Joins International Experts on Data Protection Panel at RSA Europe

U.K. Author and Researcher David Lacey to Moderate

LEE, MA--(Marketwire - Oct 5, 2011) - Wave Systems Corp. (NASDAQ: WAVX) announced today that Chief Scientist Dr. Robert Thibadeau will appear on a panel of international compliance, encryption and privacy experts speaking at RSA Conference Europe, October 11-13 at the Hilton London Metropole. The session, titled "Data Protection Laws & Encryption Requirements in the U.S. and Europe," addresses the intersection of technology and law in the rapidly changing landscape of international data breach laws.

Despite stricter laws and severe financial consequences, incidences of data breaches continue to rise. In large part this can be attributed to confusion surrounding the existing patchwork of overlapping and vaguely-worded laws, as well as inadequate encryption and security in many organizations. This panel will give attendees the knowledge and tools to protect themselves in the event of a breach.

WHAT: Panel: "Data Protection Laws and Encryption Requirements in the U.S. and Europe"

WHO: Mr. David Lacey; Dr. Robert Thibadeau; Ms. Lucy Thomson; and Mr. Rigo Wenning

WHEN: 1:00 - 1:50 p.m. BST, Tuesday, October 11th

WHERE: Windsor Suite (East Wing), Hilton London Metropole, U.K.

These security thought leaders will come together to discuss current similarities and trends in the regulatory environments of the E.U., U.K., and U.S., providing practical solutions for global enterprises that must comply with local and international data breach laws. Successfully navigating international requirements necessitates detailed, current knowledge of applicable laws and encryption standards, and the aim of this panel is to provide that knowledge.

"Buying encryption technology is only half the battle," commented Mr. Lacey. "The real question is not whether you have it, but whether you can prove it was operational at the time of a potential breach. That's what a good regulator will demand."

One such technology is the centrally-managed self-encrypting drive (SED). Designed in accordance with the open-industry Opal standard, SEDs automatically encrypt all data on a drive and store the encryption keys in the hardware of the drive itself, keeping them safe from traditional software attack.

"These drives are available from all major manufacturers," said Dr. Thibadeau, pioneer and original patent holder of SED technology. "Although they are not yet ubiquitous, recognition of what they offer in terms of performance speed, security, and cost-effectiveness is increasingly widespread." Recently lauded in ComputerWeekly and Forbes, the SED is one encryption advancement that the panelists will address as they highlight best practices and developments that will enable attendees to address data breach within their own organizations.

About the Panelists

  • Mr. David Lacey is an author and researcher based in the U.K. A regular contributor and blogger for ComputerWeekly, Mr. Lacey has published several books, including "Managing the Human Factor for Information Security," and "Managing Security in Outsourced and Offshored Environments."
  • Dr. Robert Thibadeau, PhD, is the original patent-holder for the SED. Based in the U.S., he is an adjunct professor and co-founder of Carnegie Mellon's Robotics Institute. A sought-after speaker and author, he recently co-authored the American Bar Association's "Data Breach and Encryption Handbook," which published in February 2011.
  • Ms. Lucy Thomson, J.D., M.S., CIPP/G, is based in the U.S. and serves as chair-elect of the American Bar Association's Section of Science & Technology Law. She is also founder and co-chair of its eDiscovery & Digital Evidence Committee, and editor of the ABA's "Data Breach and Encryption Handbook."
  • Mr. Rigo Wenning, based in France, is W3C's legal counsel & Privacy Activity Lead. Active in privacy and data protection standardization, research and policy, Mr. Wenning is also on the Advisory council for the Trusted Computing Group. He has more than a decade of experience in privacy and security policy analysis.

About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

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