From the digital economy to the (digital) trust economy The document discusses the growing issue of cyber attacks and data breaches, and consumers' continued trust and use of technology even with increasing risks. While companies invest in security, cyber crime still costs hundreds of billions annually. New technologies like autonomous vehicles, the Internet of Things, smart cities and robots will introduce additional risks. However, business opportunities also exist to build trust through secure identity, trusted third parties, and blockchain technology. Regulators must find the right balance between security, privacy and costs versus competition and innovation through refined ex-ante and ex-post regulation.

1. From the digital economy
to the (digital) trust economy
We are talking about trust…
because there are risks
Yves Gassot, CEO, IDATE DigiWorld
15 – 17 November 2016

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1. Understand: the paradox
Will consumers wake up?
 More and more cyber-attacks: Tesco Bank, Talk-Talk, Dyn, Yahoo, US office of personnel
management, etc.
 Risks tied to platforms’ lack of independence…
And… what will they do about it?
1. Companies are investing to prevent security breaches but, according to the ISA …
“Cyber crime is costing the US economy between $500bn and $1tn a year, but less than $5bn
is being allocated to fighting it”.
2. Customers/Users… continue to use (free) social media, mobile banking and, recently, we
have seen a rapid expansion of the sharing economy where trust is a central prerequisite
(giving access to your house or car).

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2. Forecast… Did anyone see it coming?
And tomorrow?
We will have to deal with the risks surrounding large-scale deployments of:
 Autonomous cars
 IoT
 Smart Cities
 Smart Robots
 NBIC (DNA and biomorphic data)
…

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3. Innovate: Have a tech-positive attitude!
Business Opportunities
Build trust through key enablers to secure identity
Trust as an opportunity to develop a safe environment: “trusted third parties”
… and
 Blockchain as the ultimate trust solution?

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4. Regulate: fine tuning…
Work on fine-tuning…
thanks to a mix of ex-ante and ex-post regulation
How to find the right balance between:
 Security and Cost effectiveness
 Privacy and Monetization
 Competition and Innovation

6. Have a great conference!
… and
Thank you