SUNNYVALE, Calif., June 26, 2019 (GLOBE NEWSWIRE) --

Ken Xie, Founder, Chairman of the Board and CEO at Fortinet
"The future growth potential of businesses depend on the wellbeing of the global environmental and social landscapes in which they operate. Economic loss due to cybercrime is predicted to reach $3 trillion by 2020, and 74 percent of the world’s businesses can expect to be hacked in the coming year. I look forward to contributing in this gathering of top leaders from politics, business, civil society and academia with the hope of tapping into the collective ideas and power to mobilize the capabilities of a global network to enhance international security.”

News Summary:
Fortinet^®, a global leader in broad, integrated and automated cybersecurity solutions and the first cybersecurity company named a founding partner of the World Economic ForumCentre for Cybersecurity, today announced that Ken Xie will offer strategic insights as a discussion leader for The Internet of Things: Risks and Opportunities in Critical Infrastructure Sectors and as an expert contributor in the Managing Cyber-Risks: Equipping CEOs sessions at the upcoming World Economic Forum Annual Meeting of the New Champions in Dalian, People’s Republic of China at the organization’s July 1 – 3.

Overview of Fortinet at World Economic Forum Annual Meeting of the New Champions
At the Annual Meeting of the New Champions, the World Economic Forum engages leaders, such as Xie and Fortinet, who have the vision and values to shape the future. In addition to Xie’s leadership in the two sessions, Fortinet will continue discussions and efforts to close the cybersecurity skills gap and contribute to the global dialogue surrounding the cybersecurity workforce of the future.

World Economic Forum Annual Meeting of the New Champions Session Details

• Title: The Internet of Things: Risks and Opportunities in Critical Infrastructure Sectors
• When: Monday, July 1 at 3:30pm
• Discussion leader: Ken Xie, WEF Centre for Cybersecurity Advisory Board member and Founder, Chairman of the Board, and CEO at Fortinet
• Description: According to a recent IDC study, the worldwide spending on IoT technologies is estimated to reach $1.2 trillion by 2020, with a significant portion in the electricity and mobility industries. As smart cities, homes and grids hold tremendous opportunities to increase operational efficiency and consumer experience, inherent cybersecurity risks can propel unintended consequences and significantly erode the trust in these technologies. The aim of this session is to convey diverse perspectives on the opportunities, challenges, and solutions related to the deployment of IoT and IIoT technologies.

Session Details

• Title: Managing Cyber-Risks: Equipping CEOs
• When: Tuesday, July 2 at 9am 
• Expert Contributor: Ken Xie, WEF Centre for Cybersecurity Advisory Board member and Founder, Chairman of the Board, and CEO at Fortinet
• Description: Increased connectivity and data-driven business models put cybersecurity on the agenda of C-suites and boards. This session will explore how business leaders can integrate cybersecurity more effectively into their strategic planning. The objective of this session is to give C-suite executives actionable insights and tools to prepare for, respond to, and mitigate cybersecurity risks.

More about the World Economic Forum Annual Meeting of the New Champions
Globalization 4.0 represents fundamental changes in the global economy that are reshaping companies, communities and countries at an unprecedented speed and scale. These changes are driven by environmental challenges, regional competition, economic disparities and technological disruption. They, in turn, require different forms of leadership and collaboration adapted to this new era of globalization. Platform strategies and systems leadership are key business concepts behind the sweeping technological changes propelling the Fourth Industrial Revolution. Leadership 4.0 requires an understanding of how new champions that are gaining economic influence are disrupting and transforming current industry models. To this end, the Annual Meeting of the New Champions is designed as the foremost global summit on innovation and entrepreneurship with more than 1,500 participants, 100 working sessions and community activities, along with the opportunity to engage in several new Forum initiatives.

Additional Resources

• Learn more about Fortinet’s role with WEF and the Centre for Cybersecurityhere.  
• Read about the WEF Centre for Cybersecurity.
• Learn more about Fortinet’s education and training initiatives and efforts to close the cyber security skills gap in this blog post and video
• Read more about our Network Security Expert program, Network Security Academy program.
• Find out more information about our FortiVets program.
• Find out more about Fortinet’s FortiGate Next-Generation Firewalls (NGFW) and FortiGate Next Generation Firewall (NGFW) Virtual Appliance Solutions.
• Read more about the Fortinet Security Fabric or the Third Generation of Cybersecurity.Follow Fortinet on Twitter, LinkedIn, Facebook, YouTube, and Instagram. 

About Fortinet
Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network - today and into the future. Only the Fortinet Security Fabric architecture can deliver security without compromise to address the most critical security challenges, whether in networked, application, cloud, or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 400,000 customers trust Fortinet to protect their businesses. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.    

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Source: Fortinet, Inc.