Qrypt Appoints FS-ISAC CEO, Steven Silberstein, to Board of Advisors
NEW YORK — September 13, 2023 — Qrypt, the pioneering quantum-secure encryption company, today announced Steven Silberstein, the CEO of FS-ISAC (the Financial Services Information Sharing and Analysis Center), is joining its Board of Advisors. With more than 25 years of experience in financial services, technology and cybersecurity, Silberstein is a longstanding leader in promoting data security and protecting the financial sector from cybersecurity threats.
Silberstein has spent his career at the intersection of financial services, technology and cybersecurity. FS-ISAC is the financial sector’s information-sharing collaborative, whose 5,000 members represent $100 trillion in assets. Prior to FS-ISAC, Silberstein served as chief operating officer of BlueVoyant, a global cybersecurity firm, and as CEO of Sheltered Harbor, a not-for-profit subsidiary of FS-ISAC developing data resiliency standards for financial institutions. He was also the first CTO of Sungard, a $3 billion financial technology company acquired by FIS Global. Additionally, Silberstein has held technology leadership positions at Chi-X Global, Lehman Brothers and FAME Information Systems. Today, he serves on the board of the International Association for Quantitative Finance and Rensselaer Polytechnic Institute’s Lally School of Management Leadership Council.
“It is an incredible honor to serve on the Advisory Board of Qrypt, a company at the forefront of quantum security,” said Silberstein. “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.”
Qrypt has developed a proven, unbreakable quantum-secure encryption solution in exclusive partnership with the most renowned labs in the industry, including Oak Ridge National Lab, Los Alamos National Lab and École Polytechnique Fédérale de Lausanne (EPFL). This revolutionary encryption solution eliminates the key transmission process used in traditional encryption methods, ensuring enhanced data protection.
“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,” said Kevin Chalker, CEO and co-founder of Qrypt. “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.”
Qrypt protects against the quantum threat through the seamless integration of quantum entropy hardware with cryptographic key generation software. When traditional encryption algorithms become obsolete, every byte of harvested data will be exposed. Qrypt eliminates “harvest now, decrypt later” (HNDL) risk and guarantees data privacy with its revolutionary peer-reviewed encryption technology. Available as-a-service, on-premises, or on any device. For more information and to learn more about Qrypt, visit www.qrypt.com.
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