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Qrypt appoints Financial Services Information Sharing CEO to Board of Advisors
Thu, 14th Sep 2023

In a significant move that signals a quantum leap towards securing the future of cybersecurity, Qrypt, the trailblazing quantum-secure encryption company, announced the induction of Steven Silberstein to its Board of Advisors. Silberstein, the current CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), brings a rich reservoir of experience spanning over 25 years in the realms of financial services, technology, and cybersecurity.

Silberstein remarks, “It is an incredible honor to serve on the Advisory Board of Qrypt, a company at the forefront of quantum security. While digitalization has dramatically pushed the financial services sector forward, I also understand the risk this brings to our privacy and security. Our critical infrastructure must start preparing for a post-quantum world and Qrypt is solving for this today. I look forward to supporting them at such an exciting time for the company.”

The appointment marks a renewed focus on bolstering data security in a sector that has witnessed a relentless march of digitization. Silberstein, known for his unflinching commitment to data security, has played critical roles in establishing cybersecurity standards and frameworks at various renowned institutions. Before his tenure at FS-ISAC, a collaborative comprising 5000 members that represent a monumental $100 trillion in assets, he served as the Chief Operating Officer of global cybersecurity firm BlueVoyant, and the CEO of Sheltered Harbor. This not-for-profit subsidiary of FS-ISAC focused on developing resilient data standards for financial bodies. His impressive career trajectory also includes being the inaugural CTO of Sungard, a financial technology powerhouse with a valuation of $3 billion that was later acquired by FIS Global. In addition, he has held prominent technology leadership positions at several prestigious firms including Chi-X Global, Lehman Brothers, and FAME Information Systems. His current affiliations include board memberships at the International Association for Quantitative Finance and the Lally School of Management Leadership Council at Rensselaer Polytechnic Institute.

Qrypt, meanwhile, has firmly established itself as a vanguard in the quantum security landscape, having crafted an unbreakable quantum-secure encryption solution in collaboration with industry giants such as Oak Ridge National Lab, Los Alamos National Lab, and École Polytechnique Fédérale de Lausanne (EPFL). This groundbreaking encryption technique obliterates the traditional key transmission process, thus elevating data protection to unprecedented levels.

Kevin Chalker, the CEO and co-founder of Qrypt, voiced his enthusiasm about the new appointment: “We are delighted to have such a well-respected and knowledgeable figure in the financial services industry, who is equally invested in data security, on our board. Steven will be integral in helping Qrypt protect an industry vital to the U.S. economy and the privacy of its many users through quantum security. We are focused on helping to secure highly regulated industries from quantum attacks, which if compromised, can cause widespread damage to critical infrastructure.” This partnership is poised to usher in a new era of security and resilience in the financial sector, safeguarding the economy and users alike from potential quantum threats.