Biometrics Spotlight: Sector Leaders Focus On Cybersecurity With Rapidly Increasing Demand for Safer Transactions
CORAL SPRINGS, Florida, March 5, 2014 /PRNewswire/ --
Biometrics companies take steps to develop products that feature advanced, leading-edge cybersecurity: NXT-ID, Inc. (OTCQB: NXTD), FireEye, Inc. (NASDAQ: FEYE), Cisco Systems, Inc. (NASDAQ: CSCO), Fortinet Inc. (NASDAQ: FTNT) and Symantec Corporation (NASDAQ: SYMC)
NXT-ID, Inc., (OTCQB: NXTD) a biometrics company focused on the growing m-commerce market, announces it will be presenting at the Defense and Security Conference, "Game Changing Technologies," to be held in New York on March 11th at The New York Hilton Midtown. The live conference will also be featured on a streaming live news and syndication platform to global media and industry followers. The Company will join leading experts including Janice Kephart, Founder and CEO of The Secure Identity and Biometrics Association (SIBA) and cybersecurity expert and counterterrorism analyst Roger Cressey, Partner with Liberty Group.
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Gino Pereira, Chief Executive Officer of NXT-ID, Inc. will discuss the company's innovative MobileBio™ suite of biometric solutions including its soon to be released Wocket™, a next generation smart wallet designed to replace all the cards in your wallet, with no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval.
FireEye, Inc. (NASDAQ: FEYE) the leader in stopping today's advanced cyber attacks, recently announced the opening of a research and development (R&D) center in Dresden, Germany. The FireEye European R&D team will work closely with local universities to empirically test FireEye endpoint threat defense technology and research threat intelligence in tandem with existing FireEye R&D centers in Singapore and Bangalore. The new R&D center will officially open on March 4, 2014. Based in the town of Dresden, the FireEye European R&D team will conduct advanced mathematical research through techniques known as "formal methods" to validate the security of the FireEye endpoint technology. Goals of the center's research include providing statistical evidence that establish standards for threat detection efficacy for FireEye products, while continuing to advance security measures for future products.
Cisco Systems, Inc. (NASDAQ: CSCO) recently announced it is providing CableLabs with core infrastructure and Videoscape components for a new IPTV Innovations Lab in Louisville, Colorado designed to provide cable system operator members with a state-of-the-art location for Internet Protocol (IP) video testing. IP video is one of several initiatives being driven by multiple system operators (MSOs) to develop and advance new standards for the cable industry. Global IP traffic (fixed and mobile) is predicted to grow three-fold from 2012 to 2017. Consumer mobile connected devices will grow to 7.7 billion in 2017 (up from 5.8 billion in 2012.) The new IPTV Innovations Lab will help service providers further develop and explore the business advantages for IP video, and experiment with the innovative technologies that are advancing multiscreen and cloud-enabled user experiences.
Fortinet Inc. (NASDAQ: FTNT) a world leader in high-performance network security - recently announced the findings of its FortiGuard threat landscape research for the period of January 1, 2013 - December 31, 2013. The complete report can be downloaded here: http://www.fortinet.com/resource_center/whitepapers/threat-landscape-report-2014.html. 2013 was a bumper crop for malware targeting mobile devices. Looking back at the entire year FortiGuard® Labs observed Android was the dominant platform of choice for malware developers, representing 96.5% of all mobile malware infections detected by FortiGuard Labs. Symbian was a distant second at 3.45% and iOS, BlackBerry, PalmOS and Windows together don't even warrant 1%.
Symantec Corporation (NASDAQ: SYMC) recently announced that it has appointed Thomas Seifert as executive vice president and chief financial officer, effective March 17. Mr. Seifert will report to Symantec president and chief executive officer Steve Bennett. "Thomas' extensive experience in finance and global operations management in the technology and wireless industries makes him the ideal executive to drive Symantec's performance forward," said Bennett. "His understanding of operational efficiencies will be instrumental to Symantec's 4.0 transformation." Mr. Seifert joins Symantec from Brightstar where he served as executive vice president and chief financial officer and managed the company's financial operations, corporate accounting, treasury and information technology. Previously, Mr. Seifert was at Advanced Micro Devices where he served as chief financial officer, chief accounting officer and, for much of 2011, its interim chief executive officer.
In other technology news: Plug Power Inc. (NASDAQ: PLUG) gained over 14% yesterday closing at $6.69 per share on over 121 Million Shares traded by the market close. SunEdison, Inc. (NYSE: SUNE) gained over 11% yesterday as well closing at $20.89 per share on over 30 Million Shares traded by market close.
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