October 20, 2017
October 16, 2017
Posted September 18, 2017
You can’t tell where you are going, unless you know where you have been.
This old English proverb rings especially true for me today as we open our Digital Identity Summit 2017: The Currency of Trust in San Francisco. The impressive list of speakers and quality of the discussions on tap at this event are certainly things to be proud of. But, that sense of pride grows exponentially when I look back at where this all started.
This seventh edition of our annual event bears little resemblance to the first ThreatMetrix user conference that made its debut in 2011 as the ThreatMetrix Fraud Fighters Summit.
What began as a small gathering of like-minded customers concerned about protecting their businesses from fraud has turned into a global series of events, with industry experts engaging in strategic discussions around all aspects of securing digital businesses.
Through open sessions, lunch and cocktails, and organized one-on-one meetings, fraud and security professionals can gain first-hand knowledge and insight from peers and industry experts.
The evolution of this event has been remarkable. This year, our three Summit events will have seen more than 1,000 attendees from all over the globe. Our San Francisco event features more than 20 speakers and more than a dozen industry roundtables and breakout sessions during three information-filled days. The notable speaker lineup includes experts from Citibank, JP Morgan Chase, Lexis Nexis, Netflix, PwC and more.
I believe the continual growth of this event indicates the increasing focus of digital businesses on battling fraud and authenticating customers. It also validates the role we at ThreatMetrix are proud to play – being a supporting pillar of identity for the digital economy.
With a record-144 million cyberattacks witnessed by our Digital Identity Network in just three months and the increasing awareness around the need for digital identity solutions, there really hasn’t been a better time to open up dialogs about what cybersecurity and digital identities mean to companies at multiple levels.
Whether opening your business to cross-border transactions, addressing the costs of false positives or removing intrusive friction along the customer journey, risk and security professionals have been tasked with solving the trust and authentication challenges associated with these business directives.
And, they have discovered that digital identities are the ideal mechanism to do just that.
Based on the success of our Summit events, digital businesses seem to be united on wanting to thrive in a new digital landscape that’s being defined by key industry developments and regulations, such as PSD2 in Europe and the New Payments Platform in Australia. While these are focused on specific segments, they represent a new dynamic for all digital businesses. For some companies, these regulations will be a headwind, while for others, it will be the exact opposite.
I am excited about the quality of conversations that will happen when the largest gathering of industry professionals kicks off today at Summit. I am also looking forward to our next gathering in May 2018 in Paris, followed by our global event at the Terranea Resort in Rancho Palos Verdes, CA later in the year.
It is doubtful that there will ever come a day when cybercriminals have gone the way of the dinosaurs, and events, such as our Summit, will no longer be needed. Until then, as we have for the past seven year, we will continue to bring together leading organizations and industry experts to share thoughts and best practices on how to secure the digital economy.